Harbor Compliance Blog

Posted on December 23, 2024, by Elisa Jean-Newman in Business Compliance.

In the latest turn of events, the CTA survives its most significant legal challenge to date. Per the latest ruling, the Corporate Transparency Act (CTA) is enforceable, and new deadlines have been introduced to accommodate the period during which enforcement … Read more

Posted on December 18, 2024, by Elisa Jean-Newman in Business Compliance.

As the end of 2024 approaches, US businesses are navigating the Beneficial Ownership Information Reporting (BOIR) requirements mandated by FinCEN. With less than two weeks left, now is the time to understand the latest updates, trends, and strategies to meet … Read more

Posted on December 10, 2024, by Elisa Jean-Newman in Business Compliance.

On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary nationwide injunction against the Corporate Transparency Act, pausing its requirement for filing beneficial ownership information (BOI) reports.

Judge Amos L. Mazzant III ruled … Read more

Posted on November 27, 2024, by Elisa Jean-Newman in Business Compliance, Industry News.

Beginning January 2025, business entities registered in Pennsylvania must file an annual report with the Pennsylvania Department of State Bureau of Corporations. The change was initiated on November 3, 2022, with the signing of 2022 Act 122.

This new … Read more

Posted on November 25, 2024, by Chris Masterson in Business Compliance.

In a significant regulatory update, the state of Nebraska recently announced that they will no longer consider architecture and engineering to be professional services for the sake of forming or qualifying a professional corporation or professional LLC. This has significant … Read more

Posted on November 1, 2024, by Chris Masterson in Business Compliance.

With the deadline for Beneficial Ownership Information reporting rapidly approaching, the Financial Crimes Enforcement Network (FinCEN) has announced new relief for those impacted by the recent hurricanes across the Southeast.

The announcement applies to victims … Read more

Posted on October 31, 2024, by Chris Masterson in Business Compliance.

We recently had the opportunity to host a webinar on Beneficial Ownership Information (BOI) reporting under the Corporate Transparency Act with SCORE, the premier organization dedicated to helping entrepreneurs start and grow their businesses through mentoring and education.

SCORE’s … Read more

Posted on October 28, 2024, by Chris Masterson in Business Compliance.

In its ongoing effort to provide clarity to businesses, FinCEN recently published another round of FAQs about Beneficial Ownership Information (BOI) reporting under the Corporate Transparency Act (CTA). These latest FAQs expand on key areas of BOI reporting, addressing common … Read more

Posted on October 17, 2024, by Elisa Jean-Newman in Business Compliance.

Beneficial Ownership Information (BOI) requirements are a cornerstone of corporate transparency in the U.S. These regulations, introduced at both federal and state levels, are designed to prevent illegal activities such as money laundering and tax evasion by ensuring businesses disclose … Read more

Posted on October 2, 2024, by Elisa Jean-Newman in Business Compliance.

In a recent ruling, a federal court upheld the Corporate Transparency Act (CTA) as constitutional, rejecting claims that the law violated several amendments. The plaintiffs, seven individuals, challenged the CTA, arguing that it infringed on their rights to privacy, free … Read more