The Bottom Line In a significant development for the Corporate Transparency Act (CTA), the U.S. Supreme Court has stayed one nationwide injunction, while a second nationwide injunction remains in effect, further complicating the legal landscape for businesses. Timeline: Prior CTA Continue Reading
The Corporate Transparency Act: Beneficial Owner Reporting Requirements for Private Companies
Update Following a nationwide preliminary injunction on the enforcement of the CTA by a federal judge in Texas on December 3, 2024, reporting companies facing upcoming beneficial ownership reporting deadlines under the CTA are not required to submit their reports pending further developments in Continue Reading
Regulatory Challenges to Cannabis Financing
Despite increased legalization at the state level of medical and adult-use recreational marijuana, illegality of non-hemp, cannabis at the federal level as a Schedule 1 controlled substance under the Controlled Substances Act (CSA) is an impediment for businesses in the cannabis industry (MRBs) to Continue Reading