The Financial Crimes Enforcement Network has issued an interim final rule that removes the obligation for U.S. companies and U.S. persons to report beneficial ownership information (BOI). Now, only foreign entities registered to do business in the U.S. must comply, but they are not required to report U.S. persons as beneficial owners.
On February 18, a federal court lifted the remaining injunction blocking enforcement of the Corporate Transparency Act (“CTA”), previously discussed in our prior alerts.
Beginning on January 1, 2025, certain registered entities are now required to file an annual report to verify continued existence. Included are domestic non-profit corporations, which typically include community associations (condominium, homeowner, co-operatives).
In rapid fashion, the Fifth U.S. Circuit Court of Appeals has reinstated a nationwide injunction that had been issued earlier this month by a federal judge in Texas that concluded the Corporate Transparency Act (CTA) was likely to be found unconstitutional.
A community association resident is acting outrageously. Complaints are flooding in to management and the Board. You've demanded that the resident behave, but the communications have been ignored and the misconduct continues. What is to be done?
On December 23, 2024, the Fifth Circuit Court of Appeals issued an order granting a stay of the December 3rd nationwide injunction against the Corporate Transparency Act (CTA) previously issued by the U.S. District Court for the Eastern District of Texas and discussed in our prior alert. The Fifth Circuit’s ruling results in an immediate reinstatement of the CTA’s beneficial ownership reporting requirements.
The U.S. District Court for the Eastern District of Texas has issued a preliminary injunction nationwide against the enforcement of the Corporate Transparency Act (“CTA”).
By Gordon Prince, Esq. The U.S. Federal Trade Commission’s Final Rule—discussed in our prior articles No More Noncompetes? and Federal Courts Issue Opposing Rulings on Noncompete Agreements—set to become effective September 4, 2024, which would have invalidated almost all noncompete…
During the summer season and beyond, many of our community associations offer residents a chance to cool off in the association’s swimming pool. But did you know that the swimming pool in a purely private condominium or homeowners’ association (HOA)…
By Jeremy Grivensky, Esq. and Gordon Prince, Esq. As discussed in our prior article titled "No More Noncompetes?" the U.S. Federal Trade Commission (FTC) issued a Final Rule, to become effective September 4, 2024, invalidating almost all noncompete agreements and prohibiting future ones with…