Blog
Corporate Transparency Act Injunction
December 11, 2024
Corporate Transparency Act Injunction: A Critical Development from the Eastern District of Texas
The Eastern District of Texas recently issued a national injunction that temporarily halts the enforcement of certain provisions of the Corporate Transparency Act (CTA), marking a significant turning point for businesses across the United States. This ruling adds complexity to an already controversial statute aimed at combating financial crimes such as money laundering and terrorist financing.
CTA Reporting Deadline Approaching
November 11, 2024
As of January 1, 2024, the Corporate Transparency Act (CTA) came into effect and imposed strict reporting requirements on many small businesses relating to “Beneficial Ownership Information”. The Act was introduced as part of the Anit-Money Laundering Act of 2020, which was part of the National Defense Authorization Act. The CTA aims to prevent individuals from concealing ownership of U.S. entities which facilitate financial crimes.
Reporting Requirements
The act imposes a requirement to file a Beneficial Ownership Information Report (“BOIR”) by January 1, 2025 for entities formed before January 1, 2024. Entities formed after January 1, 2024 face a 90 day reporting deadline and entities formed after January 1, 2025 face a 30 day reporting deadline.
Copyright Trolls
November 04, 2024
In the digital age, small businesses are more vulnerable than ever to the predatory tactics of copyright trolls. These opportunistic entities exploit copyright laws to intimidate, harass, and extort money from unsuspecting entrepreneurs. Understanding the threat of copyright trolls and knowing how to defend your business against them is crucial for safeguarding your intellectual property and financial well-being.
Medical Cannabis
October 16, 2024
Navigating Kentucky’s Medical Cannabis Industry: A Guide for Doctors and APRNs Seeking to Prescribe Medicinal Cannabis.
