On December 23, 2024, the Fifth Circuit Court of Appeals issued an order lifting the nationwide preliminary injunction that was previously issued by a federal district court in Texas on December 3, 2024 to suspend enforcement of reporting obligations for millions of businesses under the Corporate Transparency Act (CTA). Notably, […]
The Closer – M&A, Securities & Corporate Counsel
What is Happening with the Corporate Transparency Act (CTA) ?
on Thursday, 5 December 2024 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
On Tuesday, December 3, 2024, the U.S. District Court for the Eastern District of Texas granted a nationwide preliminary injunction suspending enforcement of the Corporate Transparency Act (CTA), relieving entities of the obligation to file the beneficial ownership information reports (BOI reports). The nationwide injunction occurred only a few weeks […]
Business Tax Breaks in the Tax Relief for American Families and Workers Act of 2024
on Wednesday, 10 April 2024 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
On January 31, 2024, the U.S. House of Representatives passed the “Tax Relief for American Families and Workers Act of 2024” (HR 7024) with support from both parties. The bill, if passed by the Senate and signed into law by the President, includes significant tax benefits that businesses of all […]
The Corporate Transparency Act – What You Need to Know Now
on Wednesday, 3 January 2024 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
What is The Corporate Transparency Act? The Corporate Transparency Act (“CTA”) is landmark federal legislation that significantly impacts how privately held corporations, LLCs, LLPs, and other entities report ownership information to FinCEN, a bureau of the U.S. Department of Treasury. The purpose of the CTA is to prevent financial crimes, […]
Equity Compensation as a Tool for Retaining Key Talent: Tax Considerations
on Monday, 26 June 2023 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
Due to recent trends in the labor market, interest in offering equity compensation as a way to compete for and retain talent has grown quickly. Equity compensation is a payment in company equity typically granted to key employees and can act as a beneficial tool for companies looking to attract, […]
