Article
CTA Update: Beneficial Ownership Filing Requirements Remain Voluntary, Despite Supreme Court Decision
On January 23, 2025, the U.S. Supreme Court issued a stay in the case Texas Top Cop Shop, Inc. v. McHenry (formerly Texas Top Cop Shop v. Garland), which reinstated the reporting requirements of the Corporate Transparency Act (CTA) and required reporting companies to file a Beneficial Ownership Information Report (BOIR) with the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN)
Mirick O’Connell
