UPDATE (02.24.25): FinCEN has implemented a status update requiring non-exempt Reporting Companies to file the Beneficial Ownership Information Report (BOIR) with a March 21, 2025 deadline. This change is also reflected in this article's "Now What" section. The...
UPDATE: As of December 27, 2024, the latest ruling has been stayed, and the injunction made on December 3, 2024, by the Fifth Circuit stands. Learn more here. On Monday, December 23, 2024, a three-judge panel of the United States Circuit Court of Appeals for...
On Tuesday, December 3, 2024, the U.S. District Court for the Eastern District of Texas (Judge Amos Mazzant), in Texas Top Cop Shop, Inc. et al. vs. Garland, issued a nationwide preliminary injunction against the enforcement of the reporting rule under the Corporate...
The Corporate Transparency Act (the “Act”), which became effective on January 1, 2024, requires corporations, limited liability companies, and limited partnerships created or registered to do business in the United States (a “Reporting Company”) to identify its...
On November 5, 2024, Colorado voters passed Amendment I and Proposition 128 into law. Amendment I strengthens the law related to posting bail in first degree murder cases. Proposition 128 toughens the law applicable to parole eligibility for violent crimes. This...
For civil actions filed on or after January 1, 2025, the statutory damages caps related to certain personal injury claims are set to increase significantly. This article discusses personal injury claims, statutory damages caps, and recent changes to the law increasing...