Client Alert: Corporate Transparency Act – It’s Back!

By Zachary M. Chupak and Julie K. O’Neill • February 19, 2025

Yesterday, February 18, 2025, a federal judge in the Eastern District of Texas lifted the preliminary injunction that was the last legal block to FinCEN’s enforcement of the CTA’s reporting requirements.

Understanding the legal tumult of the past few months, the Department of Treasury announced a new filing deadline of March 21, 2025. Except for those companies still at the center of the ongoing legal action, this new deadline is applicable to those companies that had reporting deadlines prior to the new deadline. Any company subject to a deadline that is later than March 21, 2025, will still be able to file up until that later deadline.

Employers and companies with questions about how to comply with the CTA should consult their Bowditch attorney. We will assume you are handling these matters on your own unless you request assistance from your Bowditch attorney in writing.

Categorized: Client Alerts, Publications

Tagged In: business owners, FinCen, Beneficial Ownership Information

About the Authors

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Partner

Julie K. O’Neill

Julie O’Neill focuses her practice on business, corporate and securities law, and counseling individuals and entities at all stages of the corporate life cycle on a wide variety of sophisticated transactions in the U.S., Canada, and abroad. Julie regularly handles:

Entity selection and formation
Private placements including angel and venture capital equity financings
Limited liability company operating agreements and shareholders’ agreements
Mergers and acquisitions
Recapitalizations
Private equity fund formation
Secured transactions
Employment issues and partnership disputes
Licensing arrangements and general contract matters
Trademark and copyright registrations

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Associate

Zachary M. Chupak

Zachary Chupak is an Associate in the Estate, Financial & Tax Planning Practice Area. He assists high-net worth individuals and families in need of asset protection, business succession planning and gift and estate tax strategies. Multi-generational and blended families seek Zach’s assistance with estate planning, estate administration, probate and tax litigation, and family office needs. 

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