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CTA Update (March 26, 2025): FinCEN Proposes to Relieve Reporting Companies from BOI Reporting Requirements Under the CTA
April 3, 2025 By Timothy R. Hughes, R. Douglas Taylor, Jr. | Business Insights
On March 26, 2025, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) published in the Federal Register an interim final rule that proposes to substantially narrow the existing beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) to “require only entities previously defined as ‘foreign reporting companies’ to file a BOI report.
Read More...Navigating Special Exceptions in Northern Virginia: Key Considerations
Northern Virginia, with its dynamic economy, presents significant opportunities for development. However, navigating the complexities of zoning and land use regulations is crucial for project success. One important mechanism within this regulatory framework is the “special exception,” known as a “special use permit” or “use permit” in some jurisdictions. Understanding special exceptions is essential for anyone looking to build or develop in this competitive market.
Read More...Series LLCs: Just Don’t Do It
Business owners often seek ways to structure their companies efficiently while protecting assets and limiting liability. One option that has gained attention in recent years is the Series LLC, a unique entity structure that allows for multiple “series” or compartments under a single LLC umbrella. Each series is intended to operate independently, with its own assets, liabilities, and members.
Read More...Employer Responsibilities Under Evolving Language Access Laws
Language access is a critical consideration for employers in today’s diverse workplaces. Recent policy shifts, such as the designation of English as the official language of the United States, have introduced new dynamics that businesses must navigate to ensure compliance and maintain an inclusive environment. This blog outlines key legal considerations and best practices for employers in light of these changes.
Read More...Now Under New Management – Is the EEOC Still Open for Business?
The U.S. Equal Employment Opportunity Commission (EEOC) was created by Congress with the enactment of Title VII of the Civil Rights Act of 1964. It is the agency tasked with enforcing federal job discrimination and harassment laws that prohibit discrimination in employment based on race, color, religion, sex, national origin, age, disability, pregnancy, and genetic information. It has never been a favorite of the current occupant of the Oval Office.
Read More...CTA Update (March 2, 2025): Treasury Department Posts on X that CTA Filing Requirements No Longer Apply to U.S. Businesses
Many of us were looking for some additional clarity regarding the Corporate Transparency Act (CTA) in the wake of FinCEN’s February 28, 2025, Notice. We may have finally received that when the Treasury Department’s announced in posts on X on March 2, 2025, that it will not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadline.
Read More...Fairfax County Accessible Parking Requirements and What They Mean for You
Accessible parking is essential for ensuring inclusivity – yet we understand that new zoning requirements can pose challenges for developers and property owners. In December 2024, Fairfax County’s Board of Supervisors adopted the Accessible Minimum Parking Requirements Amendment to modernize its zoning regulations, align with ADA standards, and improve accessibility across new and existing developments. While these changes are designed to support individuals who rely on accessible parking, they also introduce adjustments that stakeholders must plan for and incorporate into their projects.
Read More...Another Day, Another CTA Update: FinCEN Extends BOIR Deadline
Those following this blog will recall that FinCEN just announced ten days ago that Beneficial Ownership Information reporting (BOIR) requirements under the Corporate Transparency Act (CTA) were once again back in effect with the decision of U.S. District Court for the Eastern District Court of Texas, in Smith, et al. v. U.S. Department of the Treasury, to lift the stay on BOIR filing requirements pending a decision by the Court of Appeals for the Fifth Circuit.
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