Firm Insights

Corporate Transparency Act

Court rules that the CTA is Unconstitutional: Enforcement of the CTA in Limbo

By Sarah J. Luem / May 21, 2024 / Comments Off on Court rules that the CTA is Unconstitutional: Enforcement of the CTA in Limbo

  Since the passage of the Corporate Transparency Act (“CTA”) and the implementation of the associated regulations, various parties have been arguing that the statute was an overreach and unconstitutional.  We have been waiting to see how courts ruled on this – and we now have our first answer – with the initial court win…

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Behind the Music Ban: Who pays the price when UMG and TikTok fight?

Behind the Music Ban: Who Pays the Price When UMG and TikTok Fight?

By Kara L. Lambert / March 27, 2024 / Comments Off on Behind the Music Ban: Who Pays the Price When UMG and TikTok Fight?

  Whether you are a content creator, musical artist, or someone like me who often (shamelessly) finds themselves mindlessly scrolling through social media platforms during their free time, you have likely caught wind of the recent dispute between Universal Music Group (“UMG”)—one of the world’s largest music conglomerates—and TikTok, one of the fastest growing, influential,…

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BREAKING U.S. Department of Treasury announces change to reporting deadline for companies formed in 2024

BREAKING: U.S. Department of Treasury Announces Change to Reporting Deadline for Companies Formed in 2024

By Gary Pierson / November 29, 2023 / Comments Off on BREAKING: U.S. Department of Treasury Announces Change to Reporting Deadline for Companies Formed in 2024

  The Financial Crimes Enforcement Network (FinCEN) – the agency responsible for implementing new requirements imposed by the Corporate Transparency Act of 2021 – has announced a change to the deadlines for the reporting of information by companies formed in 2024. Under the rule, as initially announced, those companies would have had 30 days from…

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