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Update: Corporate Transparency Act Enforcement and Beneficial Ownership Reporting
Last week, we shared insights on the preliminary injunction halting the enforcement of the Corporate Transparency Act (CTA). The U.S. Department of Justice has since filed an appeal and we have new guidance from FinCEN on CTA enforcement, signalling the evolving BOI reporting requirements. DOJ Appeals the Injunction On December 5, 2024, the DOJ formally […]
Nationwide Injunction Halts Corporate Transparency Act: What It Means for Your Business
December 5, 2024Corporate Transparency Act (CTA) On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction, temporarily suspending the enforcement of the Corporate Transparency Act (CTA). The decision in Texas Top Cop Shop, Inc. v. Garland pauses the requirement for businesses to report beneficial ownership information (BOI) to the Financial […]
Communication Strategies for Family Businesses
Techniques to Improve Communication and Prevent Misunderstandings
Effective communication is the cornerstone of any successful business, but in family enterprises, it plays an even more crucial role. The unique dynamics of family businesses—where personal relationships intertwine with business decisions—create an environment where miscommunication can quickly lead to misunderstandings, conflicts, and even business failure. Developing clear, timely, and effective communication strategies is essential […]
Shan Lu promoted to Director at Andersen in Canada
December 2, 2024We’re thrilled to announce Shan Lu‘s promotion to Director, Tax at Andersen in Canada. Shan Lu is based in our Vancouver office.