On Monday, December 23rd, a federal appeals court issued a ruling reinstating reporting requirements under the Corporate Transparency Act (“CTA”), with the Treasury Department’s FinCEN extending key deadlines to accommodate the recent legal uncertainty.
Last week, the US District Court for Eastern District of Texas ruled on reporting under the Corporate Transparency Act, issuing a nationwide injunction against its enforcement. The CTA otherwise required entities to report Beneficial Ownership Information on or before January 1, 2025. While this injunction is not permanent, we will suspend filings for companies until the injunction is overturned on appeal.
Kotz Sangster Wysocki P.C., a leading business law firm based in Detroit, has announced that attorney Douglas Eyre has joined the firm in its Detroit office. Eyre is a seasoned attorney, bringing over 20 years of experience in construction law and commercial litigation to the firm.
Kotz Sangster was pleased to sponsor and participate in a recent presentation on human trafficking. Presented by Echelon Detroit, a group of young professionals within The Salvation Army, the program covered statistics, signs of trafficking, mental and emotional health implications, and recovery challenges. Anne Venet, Anti Human Trafficking Case Manager with The Salvation Army (TSA), and Jenna Fiore of the University of Michigan and TSA, shared case studies and offered suggestions on how the Metro Detroit community can help. Kotz Sangster attorneys participating in the program included John Below, Yasir Muhammad and Tyler Phillips.