CTA BOI Filings Reverts Back to Voluntary Status
by Jackellyn Davis | Doss Law, LLP DOSS LAW ALERT Corporate Transparency Act Update Beneficial Ownership Filings Revert to Voluntary In a significant policy shift, the U.S. Department of the Treasury has announced that compliance with the Corporate Transparency Act (CTA) ‘s Beneficial Ownership Information (BOI) reporting requirements has reverted to a voluntary status. What’s Happening? On […]
Court Ruling Reinstates Mandatory BOI Filing Due March 21, 2025
by Jackellyn Davis | Doss Law, LLP DOSS LAW ALERT Court Ruling Reinstates Mandatory BOI Filing Under CTA February 24, 2025 – Businesses are once again required to submit Beneficial Ownership Information (BOI) reports under the Corporate Transparency Act (CTA) following a recent federal court ruling. The U.S. District Court for the Eastern District of Texas has […]
CFL Annual Reports Due March 15, 2025
by Jackellyn Davis | Doss Law, LLP Upcoming Compliance Deadline This is a reminder to all California Financing Law (CFL) licensees that 2024 annual reports are due to the Department of Financial Protection and Innovation (DFPI) by March 15, 2025. The annual report reporting window is now open. Failure to submit this mandatory report may result in […]
Important Update on FinCEN Beneficial Ownership Reporting Requirements
by Jackellyn Davis | Doss Law, LLP Recent Court Order Stays Filing Requirements; Voluntary Submission Still Permitted In light of a recent federal court order issued on December 26, 2024, reporting companies are not currently required to file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). This temporary pause stems from a nationwide injunction issued […]
FinCEN Issues New Guidance on Beneficial Ownership Information (BOI) Reporting Deadlines
by Jackellyn Davis | Doss Law, LLP As of December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit issued a stay of the nationwide preliminary injunction previously granted by the U.S. District Court for the Eastern District of Texas in the case of Texas Top Cop Shop, Inc., et al. v. Garland, et al., No. […]
Corporate Transparency Act (CTA) Compliance Update
by Jackellyn Davis | Doss Law, LLP On December 3, 2024, U.S. District Judge Amos Mazzant in the Eastern District of Texas issued a temporary nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (CTA), which mandates that corporations disclose their beneficial owners to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN). Judge Mazzant’s […]
Truth-in-Lending Cases: New and Noteworthy Precedents
by Dennis H. Doss | Doss Law, LLP Dennis H. Doss breaks down four (4) new significant lending cases: Certificate of Business Purpose is a Winner Sham Corporate Borrower Equitable Estoppel Saves a Hard Money Lender Zombie Mortgage Meets the Unfair Competition Law 1. Certificate of Business Purpose is a Winner Russell v. Wadot Capital, Inc. […]
Understanding Beneficial Ownership Disclosure in Community Property States
by Jackellyn Davis | Doss Law, LLP What Married Business Owners Need to Know When it comes to business ownership in community property states like California, married individuals often share ownership rights over assets acquired during the marriage. This can complicate the requirements for beneficial ownership disclosure. Under the Corporate Transparency Act (CTA), over 32 million businesses […]
Year-End Compliance Deadlines for 2024
by Jackellyn Davis | Doss Law, LLP Urgent! Time is running out. CFL, BOI, NMLS, and more year-end compliance deadlines! As 2024 comes to a close, it’s crucial to ensure all your year-end compliance deadlines are handled on time and accurately. Don’t let the upcoming deadlines for key filings such as the Beneficial Ownership Information (BOI) […]
BOI Report: Year-End Compliance
by Jackellyn Davis | Doss Law, LLP Have You Filed Your BOI Report Under the Corporate Transparency Act? As the end of the year rapidly approaches, it is crucial for businesses of all types and sizes to stay ahead of impending compliance deadlines. One of the most pressing requirements this year is filing your Beneficial Ownership Information […]
