To File or Not to File? The Ongoing Uncertainty of the Corporate Transparency Act’s Beneficial Ownership Information Report Filing RequirementWhen Helping Hurts: Illinois Federal Court Finds Retailer May Have Assumed a Legal Duty by Assisting Customer

The Corporate Transparency Act (CTA) has sparked legal battles, leaving businesses unsure about the Beneficial Ownership Information Report (BOIR) filing requirement. With a January 1, 2025, deadline approaching and recent court rulings causing confusion, a Texas lawsuit has temporarily halted enforcement of the CTA. As the federal government appeals, questions about the law’s constitutionality and its impact on businesses remain. Explore the complexities of this evolving legal landscape and its implications for your company.