On March 2, 2025, the Treasury Department announced that, for the time being, it will not be enforcing the March 21, 2025, deadline for Beneficial Ownership Information (BOI) reporting for domestic companies and U.S. citizens, nor will it impose any penalties or fines related to failure to report. The Treasury has also announced that it’s […]
Last week, a U.S. District Court in Texas lifted a prior injunction that paused Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA). With the injunction lifted, the Financial Crimes Enforcement Network (FinCEN) is free to resume enforcing the BOI reporting requirement. FinCEN has announced that it has resumed mandatory BOI reporting […]
The U.S. District Court for the Eastern District of Texas has issued a preliminary injunction halting the enforcement of the Corporate Transparency Act (CTA). The CTA mandates that most businesses disclose their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). In its ruling, the Court found that the plaintiffs are likely to succeed on […]
McCarty Law is proud to announce that attorney Sadie Dupont has been named to the 2024 Wisconsin Super Lawyers Rising Stars list. Super Lawyers, part of Thomson Reuters, is a rating service of outstanding lawyers nationwide. Rising Star nominees are those who have attained a high degree of peer recognition and professional achievement. Nominees must […]
McCarty Law attorney and managing partner Scott Barr has been honored by his alma mater as the 2024 University of Wisconsin Oshkosh Distinguished Alumni. Barr earned his degree in criminal justice from UWO in 1986 before going on to earn his juris doctor from Hamline University School of Law and joining McCarty as a business […]
On March 1, 2024, a U.S. District Court in Alabama held[1] that the Corporate Transparency Act (CTA) is unconstitutional as a matter of law. In its ruling, the District Court explained that the CTA and its requirements exceed any authority granted to Congress. What does this mean going forward? As of right now, nothing has […]
If you own or run a business, it’s crucial to have trusted legal support to navigate complexities and challenges that arise along the way. At McCarty Law, we provide personalized business services tailored to your unique needs. Here’s an at-a-glance look at our legal services for businesses: Operations and Formation Anyone can go online and […]
When it comes to pursuing your passion for hunting, owning land can be a dream come true. However, not everyone chooses to purchase hunting land on their own. In such cases, jointly owning hunting land with friends or fellow hunting enthusiasts can be an excellent option. One popular and strategic method to jointly own hunting […]
It’s that time of year again – back to school. While you might be picking up things like computers and dorm supplies for your college student, some back-to-school necessities that few parents think about, however, are the ones with legal ramifications. Many high school seniors and most kids heading off to college are over […]
The Corporate Transparency Act (CTA), a product of anti-money laundering efforts at the federal level, has been touted as a pivotal moment in clarity and accountability for businesses, particularly small businesses throughout the country. In part one, we discussed that more than 32 million businesses will now have to report personal information about individuals and […]
