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.
Gawthrop Greenwood trusts & estates attorney P. Kristen Bennett joined WHYY host Shirley Min as they discussed the basics of estate planning and so much more on WHYY's "You Oughta Know" show that aired February 7th and February 8th. Watch the segment...
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).
Gawthrop Greenwood, PC has elected litigator and shareholder Stephen R. McDonnell as chair of the firm’s management committee. A partner at Gawthrop Greenwood who joined the firm in 2007, McDonnell has represented Fortune 500 companies, mid-sized companies and small businesses in...
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.
Westtown Township and Gawthrop Greenwood, PC are pleased to announce the completed purchase of Chester County’s historic Crebilly Farm during a $20 million closing held at the offices of Gawthrop Greenwood in West Chester on Monday.
Gawthrop Greenwood Partner James Doyle has been elected as the 2025 President of the Chester County Bar Association (CCBA). He has served on the CCBA’s Board of Directors since 2019