Welcome to our comprehensive resource hub for the Corporate Transparency Act (CTA). Effective January 1, 2024, regulations mandated by the Financial Crimes Enforcement Network (FinCEN) require reporting on “beneficial owners” and “company applicants” for millions of entities. With the recent lifting of the injunction, it’s essential for reporting companies to prepare for compliance by the March 21, 2025 deadline. To aid you in navigating these regulatory shifts, we've curated a collection of resources. Explore them below to stay informed, prepared, and compliant with the latest regulations.

Latest Update and Featured Articles

1. Corporate Transparency Act Reporting Obligations Reinstated (Again)

   On February 18, 2025, the last remaining injunction preventing enforcement of the Corporate Transparency Act (“CTA”) was reversed by the federal judge in Texas who originally issued the injunction. The Financial Crimes Enforcement Network (“FinCEN”) issued a notice informing reporting companies that the new deadline to file beneficial ownership information reports with FinCEN is March 21, 2025. 

2. Corporate Transparency Act Scams & Filing Deadline Reminders

   This article highlights warnings about scams related to Corporate Transparency Act compliance. Please note that the filing deadlines for reporting companies have changed since this article was published. For the most current reporting deadline, see our latest update above.

3. Corporate Transparency Act - Reporting Required for Certain Nonprofit Organizations

   Explore this article tailored for nonprofit organizations, discussing how they may be required to make reports to FinCEN under certain circumstances.

Previous Updates 

1. Corporate Transparency Act Reporting Obligations Remain Suspended Despite Recent Order by Supreme Court

   The Financial Crimes Enforcement Network issued an update on January 24, 2025, confirming that reporting companies are not required to file beneficial ownership information with FinCEN and are not subject to liability if they decline to do so while the Smith injunction remains in place.  

2. Guess What’s Back…Appellate Court Reinstates Injunction Against Enforcement of Corporate Transparency Act Reporting Obligations

   As of December 26, 2024, the Corporate Transparency Act's reporting obligations are once again on hold following a 5th Circuit Court decision reinstating the nationwide injunction.

3. Appellate Court Lifts Injunction - Corporate Transparency Act Reporting Obligations Back in Effect

   This article detailed revised filing deadlines when the injunction was temporarily lifted in December 2024. 

4. Federal Court Enjoins Enforcement of Corporate Transparency Act

   This article covered the initial court-ordered suspension of the Corporate Transparency Act.

5. Corporate Transparency Act Upcoming Filing Deadline Reminder

   This article provides an important reminder about upcoming deadlines for reporting companies, outlining key filing requirements and timelines for entities formed before and after January 1, 2024.

6. FAQ: New Disclosure Requirements Under the Corporate Transparency Act

   This comprehensive FAQ outlines the new requirements and provides guidance for companies that will be required to report under the CTA.

Handouts & Summaries

1. One-Page Handout: Summary of New Requirements

   This concise resource outlines the new requirements under the Corporate Transparency Act. It includes essential information on who needs to report, what information is required, and when reporting is due.
   
   DOWNLOAD HANDOUT

Videos & Tutorials

1. FinCEN Application Tutorial

   Simplify the process of filing a FINCEN Beneficial Ownership Information report in compliance with the Corporate Transparency Act by watching our step-by-step tutorial.
   
   WATCH TUTORIAL

Checklists & Tools

1. Checklist for Reporting Requirements

   Stay organized and ensure compliance with our checklist, designed to help you keep track of all the information required for reporting under the Corporate Transparency Act.
   
   DOWNLOAD CHECKLIST

Third-Party Resources

1. Beneficial Ownership Information Report

2. FINCEN Small Entity Compliance Guide

3. FINCEN Frequently Asked Questions

4. CSC Global Resources

5. Capitol Services Resources

Koley Jessen is here to assist you with all your Corporate Transparency Act (CTA) needs. Whether determining if you are required to file a report, identifying beneficial owners, or preparing the report, our attorneys are here to help you understand and fulfill your obligations.

For further assistance or inquiries, please contact a member of our CTA Task Force listed on this page.

_{This content is made available for educational purposes only and to give you general information and a general understanding of the law, not to provide specific legal advice. By using this content, you understand there is no attorney-client relationship between you and the publisher. The content should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.}