Corporate Transparency Act (CTA) Resource Center
The Corporate Transparency Act became effective on January 1, 2024. As a result, for the first time, certain businesses will now be required to report information about their ultimate beneficial owners to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).
To keep our clients updated on this evolving regulatory regime, including the newly effective beneficial ownership reporting requirements, and additional information, Morrison and Foerster has created this Corporate Transparency Act Resource Center featuring client alerts, links to FinCEN resources, and additional CTA-related content. Morrison and Foerster has assembled a team of lawyers who stand ready to assist clients with questions regarding their obligations to report beneficial ownership information.
Featured Resources
- Client AlertThe Corporate Transparency Act Injunction is Back in Place
On December 26, 2024, a merits panel of the United States Court of Appeals for the Fifth Circuit contributed to the frenzied whirlpool of Corporate Transparency Act (CTA) developments.
- Client AlertFifth Circuit Lifts Injunction on Enforcement of the Corporate Transparency Act; FinCEN Extends Reporting Deadline
In a recent client alert, we notified clients that on December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction against enforcement of the Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirement.
- Client Alert
Government Appeals Nationwide Injunction of the Corporate Transparency Act
On December 5, 2024, the U.S. government filed an appeal to the United States Court of Appeals for the Fifth Circuit against this preliminary injunction.
- Client Alert
Federal Judge in Texas Issues Nationwide Preliminary Injunction Barring Enforcement of the Corporate Transparency Act
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction against enforcement of the Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirement.
- Client Alert
The Corporate Transparency Act: Access Rules
Going into effect on February 20, 2024, CTA’s Access Rule sets the parameters for accessing the database, circumscribes the purposes for which BOI may be used, and establishes standards for safeguarding BOI.
- Client Alert
Corporate Transparency Act in a Nutshell
Read our one-page nutshell containing background information and key details of the Corporate Transparency Act.
Instructions for Completing a Beneficial Ownership Information Report
