The Corporate Transparency Act (CTA) faced holiday turmoil as the Fifth Circuit issued conflicting rulings, temporarily pausing reporting requirements. While FinCEN confirmed no penalties for delayed filings, an oral argument on the CTA’s constitutionality is set for March 25, 2025. Business owners should stay alert, as compliance obligations could resume at any moment.

Confused about the Corporate Transparency Act (CTA)? Recent court rulings have created uncertainty about compliance, with conflicting injunctions and a pending Supreme Court decision. As of now, FinCEN states that BOI reporting remains voluntary. Stay updated on the latest CTA legal battles and potential repeal efforts. Read more now!

Learn everything about beneficial ownership reporting under the Corporate Transparency Act. Discover who qualifies as a beneficial owner, how to use FinCEN Identifier Numbers, and key compliance rules for reporting companies, dissolved entities, and entity conversions. Stay compliant with FinCEN regulations—read our full guide now!

Learn how to file your Beneficial Ownership Information (BOI) Report with this step-by-step guide. Discover the key details required, the filing process on FinCEN’s e-filing website, and essential compliance updates to avoid penalties. Stay compliant—file your BOI Report correctly today!

The Corporate Transparency Act (CTA), effective January 2024, mandates U.S. entities to report beneficial owners with substantial control or at least 25% ownership to FinCEN. Compliance is crucial, especially for businesses with complex ownership structures, to avoid penalties. Learn how to determine beneficial ownership and meet reporting requirements effectively.

The U.S. Supreme Court’s decision in Connelly v. IRS (June 6, 2024) reshapes estate tax planning for business owners, ruling that corporate-held life insurance is an asset, not a liability. This case highlights the risks of redemption buy-sell agreements and the potential benefits of cross-purchase structures. Learn how this ruling impacts estate taxes and which buy-sell strategy may best protect your business.

Protecting your business interest after death is easiest with a revocable trust, ensuring smooth ownership transfer and avoiding probate. Before transferring, review your entity’s agreement for restrictions and follow proper documentation. Explore other estate planning options like buy-sell agreements, lifetime gifts, or beneficiary designations to secure your business’s future.

The U.S. Department of Labor’s new independent contractor rule, effective March 11, 2024, makes it harder for workers to qualify as independent contractors by applying a six-factor test. Businesses must reassess worker classifications to avoid legal risks, including back pay and penalties. Learn how to stay compliant and minimize misclassification risks.

A U.S. District Court ruled the Corporate Transparency Act (CTA) unconstitutional, but the decision only applies to the National Small Business Association. All other reporting companies must still comply with CTA filing deadlines. Learn what this means for your business and how to prepare for BOI Report submissions.