On Monday, December 23, 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 is proud of legal assistant Carolyn Wood who represented the firm recently at the Swim Across America Motor City Mile open water swim! Carolyn joined more than 100 others in swimming the Detroit River at Belle Isle. Kotz Sangster served as a sponsor for the event. Proceeds directly support the Rogel Cancer Center at the University of Michigan, raising awareness for cancer research, prevention and treatment.
Read the full story on the Detroit Free Press.