Treetown Law’s Post

Under the Corporate Transparency Act (CTA), which took effect January 1, 2024, many business entities including small limited liability companies (LLCs) and partnerships are required to file reports with the Treasury Department’s Financial Crime Enforcement Network (FinCEN). In these filings, applicable businesses must disclose important information about their entity. However, recent developments have called into question the constitutionality of these requirements. Read our update on the Corporate Transparency Act here: https://lnkd.in/gTSTq_tp

On January 1, 2024, the Corporate Transparency Act (CTA) became effective. Every corporation, limited liability company (LLC), limited partnership and any entity whose existence is created by a filing with a Secretary of State in any state must file with the Financial Crimes Enforcement Network (FinCEN). If a business, big or small, is part of your estate plan, it's time to schedule an appointment with your attorney! https://ow.ly/FseG50QQIMZ #estateplanning

On January 1, 2024, the Corporate Transparency Act (CTA) became effective. Every corporation, limited liability company (LLC), limited partnership and any entity whose existence is created by a filing with a Secretary of State in any state must file with the Financial Crimes Enforcement Network (FinCEN). If a business, big or small, is part of your estate plan, it's time to schedule an appointment with your attorney! https://ow.ly/FseG50QQIMZ #estateplanning

Do you have a family LLC or partnership? Under the Corporate Transparency Act, you may be required to submit a form to the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury by the end of 2024. We are not attorneys and cannot provide legal advice, but we have provided a brief overview of what you may need to know to help avoid penalties. View more in our blog: https://lnkd.in/eFVzJpaC #FinCEN #SmallBusiness #FamilyBusiness #CTA #BOIR

On January 1, 2024, the Corporate Transparency Act (CTA) became effective. Every corporation, limited liability company (LLC), limited partnership and any entity whose existence is created by a filing with a Secretary of State in any state must file with the Financial Crimes Enforcement Network (FinCEN). If a business, big or small, is part of your estate plan, it's time to schedule an appointment with your attorney! https://ow.ly/FseG50QQIMZ #estateplanning

Important Update: Corporate Transparency Act Enforcement Halted Nationwide A federal judge in Texas has issued a nationwide injunction against the enforcement of the Corporate Transparency Act (CTA), deeming it likely unconstitutional. The CTA required businesses to report beneficial ownership information to the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN). This ruling halts the implementation of these reporting requirements, which were set to take effect on January 1, 2024. Business owners should stay informed as this legal development unfolds, as it may impact compliance obligations. #CorporateTransparencyAct #FinCEN #BusinessCompliance #LegalUpdate

Facing financial hurdles during your lawsuit? FCA’s Lawsuit Cash Advance services offer the support you need to focus on winning your case. 💼 #FCA #FCALegalfunding #losangelescalifornia #californialawyer #LegalFunding #lawfirmlife #plaintiffattorney #orangecounty

The Financial Crimes Enforcement Network (FinCEN) has just updated its FAQs on the Corporate Transparency Act (CTA), and in this legal alert, Smith Anderson attorneys John Jo and Nick Zanzot explain the key highlights, including reporting obligations for dissolved/terminated entities; exemptions for entities owned by Indian Tribes; and guidance on reporting tax identification numbers for disregarded entities. Those registered to do business in the U.S., stay compliant and informed with the latest Smith Anderson updates!

The Corporate Transparency Act (CTA), implemented by the U.S. Department of the Treasury, Financial Crimes Enforcement Network (FinCEN), is a new law that requires U.S. businesses and other companies doing business in the U.S. to complete a Beneficial Ownership Information (BOI) Report. The BOI report includes information about businesses and the individuals who own or control them. Find out if this new law applies to your business https://lnkd.in/gWPgZ-8J

Corporate Transparency Act or CTA is a new law. Have you heard of this new rule? If you are a business owner you need to file before the year is over. This is a new federal law that was enacted in 2021 to help prevent and combat financial crimes and other misconduct. The CTA requires many companies that do business in the United States to disclose information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Treasury. You will want to talk to your business attorney to make sure you are in compliance. You can simply go online and file for yourself. The most important thing is that you file. Go do it. You got this. #cta #corporatetransparencyact #wealthadvisor