Jelena Buraja’s Post

A recent court decision declared the Corporate Transparency Act (CTA) unconstitutional, sparking a debate on the transparency of business ownership. Many countries have implemented measures to disclose beneficial ownership, but the US has allowed anonymous business ownership in some states until now. While the court case will continue, let's hope Congress can find a solution to the CTA verbiage in question without reverting to a blackhole of disparate requirements. Read more about this development here: https://lnkd.in/e7_Mw4sM #CorporateTransparency #BusinessOwnership #BeneficialOwnership #Transparency

🛑 CTA Update: A federal injunction has put the brakes on the Corporate Transparency Act. While the Jan. 1., 2025 deadline for beneficial ownership reporting is paused, this legal twist could change quickly. Michael Raposa shares what businesses need to know to stay ahead in our latest DE Insight. 🔍 https://lnkd.in/duEqCFj6

A new case calls into question whether the Corporate Transparency Act and its onerous reporting requirements are constitutional and enforceable. The recent ruling declaring the Corporate Transparency Act (CTA) unconstitutional has profound implications for trusts and estates. The Act, designed to enhance transparency and combat financial crimes, faced legal challenge and was ultimately invalidated. This decision underscores the intricate balance between regulatory oversight and privacy rights, particularly within the realm of trust and estate management. It prompts a critical examination of how regulatory frameworks intersect with fiduciary responsibilities, highlighting the ongoing discourse on corporate accountability and regulatory compliance within the trusts and estates sector. https://lnkd.in/g_kEe5Cv #GoetzFitzpatrick Alison Arden Besunder

The implementation of the Corporate Transparency Act has begun, but there are plenty of challenges leaving its future open to question. Companies that are required to report ownership but don't could face fines of up to $500 a day, but companies are concerned about protecting the sensitive information of their stakeholders. Note that at this point, only new entities covered by the law are required to report the details. Existing companies have until Jan. 1, 2025, to comply. Take a closer look at what's going on and what it means for businesses in this article by Nick Lipresti

Small businesses seeing the court ruling that the Corporate Transparency Act is unconstitutional may be wondering: How does this apply to me and my business?   Please see my colleague's article with the big-picture takeaways for small businesses. #corporatetransparencyact #corporatetransparency #litigation #DEinsights #smallbusiness #smallbusinessowners https://lnkd.in/eViA9gKz  

Small businesses seeing a U.S. District Court’s ruling that the Corporate Transparency Act is unconstitutional may be wondering: How does this apply to me and my business? Wonder no longer, as our Emmanuelle Subar Litvinov shares the big-picture takeaways for businesses in our latest DE Insight. #corporatetransparencyact #corporatetransparency #litigation #DEinsights #smallbusiness #smallbusinessowners

❗HUGE NEWS FOR BUSINESSES❗ The Corporate Transparency Act’s reporting requirements are on hold nationwide, following a Texas court ruling questioning their constitutionality. Businesses have a reprieve, but the legal fight isn’t over. In our latest DE Insight, Michael J. Raposa, Esq. shares what’s next and why staying prepared is crucial. The Corporate Transparency Act’s reporting requirements are on hold nationwide, following a Texas court ruling questioning their constitutionality. Businesses have a reprieve, but the legal fight isn’t over. In our latest DE Insight, Michael Raposa shares what’s next and why staying prepared is crucial. https://lnkd.in/gKDFqSRA

A federal judge in Texas issued a nationwide preliminary injunction this week, halting enforcement of the Corporate Transparency Act (CTA) and the requirement for reporting companies to file beneficial ownership reports. This significant ruling has immediate implications for businesses across the United States. Understanding the current state of compliance obligations is critical for navigating this evolving landscape.  In our latest client alert, Mitch Karsch, Justin Pollak and Marc Rogers dive into the details of the ruling, its implications and what it means for reporting companies. https://lnkd.in/eGGKBF-Y  #CorporateTransparencyAct #LegalUpdate        

In our previous blog, we covered what the Corporate Transparency Act (CTA) is & what it means for your company. As expected, there has been an update to the CTA that our firm believes is important to communicate to our clients and community. Check out the latest article by our attorney, Michael Anderson for what you need to know: https://lnkd.in/gAv4BDPk #CTA #CorporateTransparencyAct #OKAttorneys

On March 1, 2024, the Northern District of Alabama concluded Congress exceeded its constitutional authority by enacting the Corporate Transparency Act (“CTA”). Mitch Wallum's latest blog post explains what this could mean for your business. #CTA #CorporateTransparencyAct