by Brooke Tilley | Apr 1, 2025 | Blog
In Nebraska, as in most states, corporations are granted limited liability protection. This means that the owners, shareholders, and directors are typically shielded from the corporation’s debts and liabilities. However, in some cases, this shield can be pierced, and...
by Brooke Tilley | Mar 26, 2025 | Blog
“A victory for common sense” according to the U.S. Secretary of the Treasury, Soctt Bessent. The United States Department of Treasury and the Financial Crimes Enforcement Network (FinCEN) have announced substantial changes to the Corporate Transparency Act (CTA) in...
by Brooke Tilley | Feb 24, 2025 | Blog
Beneficial Ownership Information Reporting requirements are back in effect as of February 17, 2025 following a decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336 (E.D. Tex.)....
by Brooke Tilley | Dec 28, 2024 | Blog
The world keeps turning and the litigation surrounding the Corporate Transparency Act (CTA) keeps evolving. A December 26, 2024 ruling has again ceased enforcement of the CTA… for now. Background The CTA was introduced to enhance corporate transparency by mandating...
by Brooke Tilley | Dec 24, 2024 | Blog
A recent ruling from the U.S. Court of Appeals for the Fifth Circuit has resumed enforcement of the Corporate Transparency Act, effective immediately. Background The CTA was introduced to enhance corporate transparency by mandating certain entities to report detailed...
