Tag: Corporate Transparency Act (CTA)

Corporate Transparency Act Halted

By Abbygale Martinen Dow & Mark Ventola, Attorneys, Sheehan Phinney Bass & Green PA. Jan 13, 2025 HR Management & Compliance

Updated: Jan 13, 2025

A federal judge in Texas has instituted a nationwide injunction, halting the enforcement of the Corporate Transparency Act (CTA) and its associated reporting rule, which required “reporting companies” to submit reports to the Financial Crimes Enforcement Network (FinCEN) detailing the identity of each beneficial owner of the reporting company by January 1, 2025. In Texas Top […]

Corporate Transparency Act: Know If It Applies to Your Business

By John G. Walsh, Partner,Axley Brynelson, LLP, Nov 6, 2024 HR Management & Compliance

Updated: Nov 6, 2024

A new federal law that went into effect in January will likely affect many businesses in Wisconsin and across the country—in particular, many small businesses that may not even be aware of the new law. The Corporate Transparency Act (CTA) was enacted on January 1, 2021, as part of the Anti-Money Laundering Act of 2020 […]