Corporate Transparency Act (CTA) Update:  FinCEN Removes Beneficial Ownership Information (BOI) Reporting Requirements for U.S. Persons and Companies

Following the US Treasury Department’s statement that it would not enforce Beneficial Ownership Information (BOI) reporting requirements, FinCEN has announced that it will issue an interim final rule removing the BOI reporting requirements for U.S. persons and U.S. companies from the Corporate Transparency Act (CTA). 

Under this interim final...

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Corporate Transparency Act (CTA) Update:  Beneficial Ownership Information (BOI) Reports Due by March 21, 2025

The U.S. District Court for the Eastern District of Texas has lifted the nationwide injunction that temporarily suspended beneficial ownership information (BOI) reporting requirements for companies.  In response to the Court’s ruling, FinCEN has issued a new deadline of March 21, 2025 for reporting companies to file BOI reports under the Corporate...

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Further Updates on Beneficial Ownership Information (BOI) Reporting Requirements under the Corporate Transparency Act (CTA)

Beneficial Ownership Information (BOI) reporting requirements remain temporarily suspended, following a whirlwind of reversals and reinstatements just days before the original January 1, 2025 reporting deadline. 

On December 3, 2024, a federal district court issued an injunction temporarily suspending the BOI reporting requirements.  The injunction was upheld on appeal,...

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Financial crimes

FinCen (Financial Crimes Enforcement Network)

The Financial Crimes Enforcement Network (FinCEN) has issued a scam alert related to the Corporate Transparency Act. It is crucial that business owners take steps to avoid becoming victims of this fraudulent attempt to solicit information. Our North Carolina business attorneys discuss the scam alert in this blog and how to...

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David Hood award

Congratulations to David Hood!

Patrick, Harper & Dixon would like to express our congratulations to David Hood, our Partnership Chair. David Hood is the winner of this year's "Here I Stand" board game event at the PrezCon Nationals in Charlottesville, Virginia. "Here I Stand" is a game about the Renaissance and Reformation-era in Europe.

Patrick, Harper & Dixon, LLP Celebrating 75 Years

Hickory, NC (Law Firm Newswire) April 07, 2022 – Patrick, Harper & Dixon, LLP is proud to be celebrating 75 years of serving Hickory, Catawba County, and the surrounding Foothills area. Originally founded in 1946 as Akin, Patrick, Murphy & Harper, the firm moved forward in 1952 when Charles D. Dixon joined the...

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