Author: David C. Tingstad and Andrew J. Tingstad

After all the back and forth, finally, the Corporate Transparency Act (“CTA”) ping pong match is over. On March 26, 2025, the US Department of Treasury, along with the Financial Crimes Enforcement Network (“FinCEN”), published their interim rule solidifying CTA compliance obligations on the Federal Register (found here) (the “Interim Rule”). The Interim Rule provides… Read More

On March 2, 2025, the U.S. Treasury Department (the “Treasury Department”) issued a press release announcing that, with respect to the Corporate Transparency Act (“CTA”), it will “not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines.” Furthermore, the Treasury Department stated it will “not enforce… Read More

Amidst all the judicial back and forth regarding Corporate Transparency Act (“CTA”) compliance, we may finally have some certainty. As of February 18, 2025, CTA compliance is now mandatory. The lone remaining question is “when do I have to report?” Summary of CTA Litigation Results – Texas Top Cop Shop and Smith Texas Top Cop… Read More

Recently, obligatory compliance with the Corporate Transparency Act (“CTA”) turned into the judiciary’s version of a sitcom relationship: the penultimate “will they or won’t they.” As you may recall, on December 3, 2024, the Eastern District Court of Texas issued a nationwide preliminary injunction of both the CTA and its respective implementation regulations (the “Reporting… Read More

On December 3, 2024, the United States District Court for the Eastern District of Texas imposed a nationwide preliminary injunction on both the Corporate Transparency Act (“CTA”) and its respective implementation regulations (the “Reporting Rule”) imposed by the Financial Crimes Enforcement Network (“FinCen”). See Texas Top Cop Shop, Inc., Et Al., v. Merrick Garland, Et… Read More

On December 3, 2024, both the Corporate Transparency Act (“CTA”) and its respective implementation regulations (the “Reporting Rule”) imposed by the Financial Crimes Enforcement Network (“FinCen”), were preliminarily enjoined nationwide by the Eastern District Court of Texas in Texas Top Cop Shop, Inc., Et Al., v. Merrick Garland, Et Al., Cause No. 4:24-CV-478. What This… Read More