By Kent A. Brasseale, II and Heather M. Lobermann On March 21, 2025, the U.S. Department of the Treasury issued an Interim Rule essentially making the Corporate Transparency Act (CTA) moot for companies formed under the laws of the United States. All requirements still remain for companies formed outside the United States and registered to...Read More
by Kent A. Brasseale, II and Heather M. Lobermann On March 2, 2025, the U.S. Department of the Treasury (the Treasury) published a Press Release in which it announced that the Treasury will no longer enforce any fines or penalties associated with failure to comply with the required Beneficial Ownership Information Report (BOIR) under the...Read More
by Kent A. Brasseale, II and Heather M. Lobermann On February 18, 2025 the U.S. District Court for the Eastern District of Texas issued a ruling in Smith, et.al. v. U.S. Department of the Treasury reinstating the filing requirements under the Corporate Transparency Act. This means that BOI reporting under the CTA is again required....Read More
by Kent “KAB” Brasseale, II and Heather Lobermann What Did the Government File? The federal government made several court filings last week in the two pending cases where nationwide injunctions were in place temporarily suspending CTA reporting. Unlike what many anticipated, these filings appear to indicate the federal government plans to pursue reinstatement of the...Read More
By Kent “KAB” Brasseale, II and Heather M. Lobermann Where Are We Now? On January 23, 2025, the United States Supreme Court granted the Department of the Treasury’s application for a stay of the nationwide injunction previously granted by a Texas federal judge in Texas Top Cop Shop, Inc. v. McHenry (which temporarily blocked enforcement...Read More
by Kent A. Brasseale, II and Heather M. Lobermann The 5th Circuit Court of Appeals, on December 23, 2024, stayed the nationwide injunction which resulted in the filing requirements under the Corporate Transparency Act being reinstated. For most companies, this resulted in a new deadline for filing of January 13, 2025. On December 26, 2024,...Read More
by Kent A. Brasseale, II and Heather M. Lobermann On December 4, 2024, we informed you of the nationwide injunction granted by the United States District Court for the Eastern District of Texas in Texas Top Cop Shop v. Garland et al. As discussed in that blog (https://kddk.com/2024/12/04/corporate-transparency-act-and-reporting-rule-enjoined-nationwide/), this nationwide injunction merely put the requirements...Read More
by Kent A. Brasseale, II and Heather M. Lobermann On December 3, 2024, in Texas Top Cop Shop v. Garland et al, the United States District Court for the Eastern District of Texas granted a nationwide preliminary injunction against enforcement under the Corporate Transparency Act (“CTA”) and stayed the requirements to report. For more information...Read More
KDDK has been recognized as one of America’s Best Law Firms in the Evansville Metropolitan area, excelling in 19 practice areas. According to the Best Lawyers® announcement, the rankings recognize “the most elite firms across the nation, identified for their professional excellence with consistently positive feedback from clients and peers.” To become eligible for a...Read More
Over the past decade, The Best Lawyers in America has recognized Mark Samila in eight different practice areas, awarding him “Lawyer of the Year” recognition four times. Two of those titles were given this year for Samila’s work in both Banking and Finance Law as well as Corporate Law which he also received in 2023....Read More
