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.
This year the Kotz Sangster team was proud to sponsor two ice festivals in Southwest Michigan, the South Haven Area Chamber of Commerce Ice Breaker Festival and the St. Joseph Today Ice Fest. Our team sponsored two sculptures, one at each event. In South Haven, our artist carved a penguin from a solid block of ice. In St. Joseph, they carved out a bear from the ice chunk.
Everyone in attendance at both events had plenty of frosty fun, and we’re eager to continue supporting local events and organizations like these in the coming years.
