News & Insights
FinCEN Issues Interim Final Order – Beneficial Ownership Reporting No Longer Required for U.S. Entities and U.S. Persons; New Deadlines for Foreign Entities
The Financial Crimes Enforcement Network (“FinCEN”) has issued an interim final rule which effectively ends the obligations of U.S. companies to report their beneficial owners, and which limits the beneficial ownership reporting requirements for foreign entities, pursuant to the Beneficial Ownership Information Reporting Requirements (the “BOI Reporting Rule”) under the federal Corporate Transparency Act (“CTA”).
Bird Loechl McCants & Holliday Advises Private Equity Firm Southstone Holdings on Acquisition of Academy Fence Brokers
ATLANTA, April 7, 2025 – Bird Loechl McCants & Holliday (BLM&H) represented private equity firm Southstone Holdings on its acquisition of Georgia-based Academy Fence Brokers (AFB). BLM&H corporate and securities partner, W. Hunter Holliday, led the firm’s...
Treasury Department Suspends Corporate Transparency Act Enforcement Against U.S. Citizens and Domestic Reporting Companies and Limits Enforcement to Foreign Reporting Companies
On Sunday, March 2, 2025, the U.S. Department of the Treasury announced that it is suspending enforcement of fines and penalties under the federal Corporate Transparency Act (CTA) against U.S. citizens and domestic reporting companies.
Court Lifts Nationwide Injunction Against Enforcement of Beneficial Ownership Information Reporting Rule — BOI Reports Due for Most Companies on March 21st
Yesterday, the Financial Crimes Enforcement Network (FinCEN) issued an updated notice stating that the Beneficial Ownership Information Reporting Requirements (BOI Reporting Rule) under the federal Corporate Transparency Act (CTA) are once again in effect after the...
Nationwide Injunction Against Enforcement of Beneficial Owner Information Reporting Rule Remains Despite Supreme Court Action
The on-again, off-again saga of the Beneficial Ownership Information Reporting Requirements (the “BOI Reporting Rule”) under the federal Corporate Transparency Act (the “CTA”) continues. On Thursday, January 23, 2025, in the case of Texas Top Cop Shop, Inc. et al vs....
Nationwide Injunction Against Beneficial Owner Information Reporting Enforcement Reinstated
During Christmas week, the Fifth Circuit United States Court of Appeals issued two rulings relating to a nationwide injunction entered by the U.S. District Court for the Eastern District of Texas against enforcement of the Beneficial Ownership Information Reporting...
Nationwide Preliminary Injunction Entered Against Enforcement of Beneficial Owner Information Reporting Requirements
On December 3, 2024, the United States District Court for the Eastern District of Texas entered a nationwide injunction against enforcement of the Beneficial Ownership Information Reporting Requirements (the “BOI Reporting Rule”) under the federal Corporate...
Bird Loechl McCants & Holliday Advises Atlanta Hardwood Corporation on North American Joint Venture with Oy Lunawood Ltd.
Bird Loechl McCants & Holliday (BLM&H) represented Atlanta Hardwood Corporation (AHC) and several AHC executives in connection with the formation of a North American joint venture with Oy Lunawood Ltd. (Lunawood).
Beneficial Owner Information Report Filing Deadlines Are Looming – Take Action Before Year-End 2024
Deadlines are looming for companies deemed to be “reporting companies” under the Beneficial Ownership Information Reporting Requirements (the “BOI Reporting Rule”) under the federal Corporate Transparency Act (the “CTA”).
Bird Loechl McCants & Holliday Advises C&H Construction Services on Sale to TRP Construction Group Backed by Arlington Capital Partners
ATLANTA, July 15, 2024 – Bird Loechl McCants & Holliday (BLM&H) represented the founders of Mobile-based C&H Construction Services, LLC (C&H) on the sale of C&H to Fort Worth, Texas-based TRP Construction Group, LLC. BLM&H corporate and...