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"Treasury Suspends Penalties for Corporate Transparency Act Reporting" in bold white text on a blue background, with a blurred office setting in the background. Strauss Troy logo displayed below.

Treasury Suspends Penalties for Corporate Transparency Act Reporting

On March 2, 2025, the Treasury Department announced that it will not enforce penalties for beneficial ownership reporting under the Corporate Transparency Act.

March 3, 2025
Corporate Transparency Act Enforcement Resumes: New BOI Reporting Deadline – March 21, 2025

Corporate Transparency Act Enforcement Resumes: New BOI Reporting Deadline Announced

On February 18, 2025, the U.S. District Court for the Eastern District of Texas stayed its injunction of the enforcement of the Corporate Transparency Act (CTA), mandating that businesses comply with Beneficial Ownership Information (BOI) reporting requirements. The new deadline for most companies to file initial, updated, or corrected BOI reports is now March 21, 2025.

February 21, 2025
tips to choose a business structure for your startup

Choosing Between LLC or Corporation for Your Startup

Choosing a business structure for your startup can be a complex and difficult decision. There is no “one-size-fits-all” entity type and choosing the right structure is crucial for the long- and short- term trajectory of your business.

February 4, 2025

Act Now: Corporate Transparency Act Deadline Approaching

This is an important reminder for business owners to comply with the Corporate Transparency Act (CTA) by filing their Beneficial Ownership Information Reports (BOIRs) on the Financial Crimes Enforcement Network (FinCEN) website ahead of the January 1, 2025 deadline.

November 15, 2024

End of Year Corporate Transparency Act Update

With a compliance deadline of January 1, 2025, businesses need to understand and meet the requirements of the The Corporate Transparency Act (CTA).

November 14, 2024
FTC and Non-Compete Agreements Ban Blocked

The FTC and Non-Compete Agreements: The Ban Gets Blocked

This is the fourth article from Strauss Troy in a series on the Federal Trade Commission’s (“FTC”) recent rule on post-employment non-competition agreements.

August 21, 2024
Corporate Transparency Act Compliance

Understanding Corporate Transparency Act Compliance After Recent Court Rulings

Over the course of the past several months, the majority of CTA related news headlines have concerned legal challenges to the constitutionality of the CTA, in light of a March 1, 2024 ruling by the U.S. District Court for the Northern District of Alabama that the CTA was unconstitutional. Read the latest updates here.

August 7, 2024
FTC and Non-Compete Agreements

The FTC and Non-Compete Agreements: A Second Court Rules

This is the third article from Strauss Troy in a series on the Federal Trade Commission’s (“FTC”) recent rule on post-employment non-competition agreements.

July 31, 2024

Corporate Transparency Act Update

Congress passed the Anti-Money Laundering Act of 2020 and the National Defense Authorization Act for Fiscal Year 2021, within which was another act: the Corporate Transparency Act (“CTA”).

December 4, 2023

Preparing for the Corporate Transparency Act – Part III: Who is Exempt?

This is the third and final installment of a series of articles on the Corporate Transparency Act (“CTA”), set to be effective January 1, 2024, and set to affect the majority of small businesses and LLCs throughout the United States.

September 22, 2023

Preparing for the Corporate Transparency Act - Part II: Who is a Beneficial Owner, and What Gets Reported?

This is the second installment of a series of articles on the Corporate Transparency Act (“CTA”), set to be effective January 1, 2024, and set to affect the majority of small businesses and LLCs throughout the US.

September 15, 2023

Preparing for the Corporate Transparency Act - Part I: What is it?

A few years back, Congress passed the Anti Money Laundering Act of 2020 and the National Defense Authorization Act for Fiscal Year 2021, within which was another act: the Corporate Transparency Act (“CTA”).

September 6, 2023
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