CLASNotes Blog

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 (CTA) and FinCEN’s Reporting Rule. The Department of Justice has since filed a Notice of[..]

When a lender considers extending credit or financing, one of the crucial steps in their due diligence process is performing a UCC (Uniform Commercial Code) search. This search provides a snapshot of a borrower's existing liens and secured financial[..]

The U.S. Department of Treasury, Financial Crimes Enforcement Network (FinCEN) has issued an alert that they've learned of fraudulent attempts to solicit information from individuals and entities who may be subject to Beneficial Ownership Information[..]

Choosing the right Commercial Registered Agent for your business requires careful consideration, even more so if you’re managing multiple entities across a variety of states. A Registered Agent is responsible for receiving important legal documents on[..]

The California Secretary of State's office has issued guidelines for what filing types are eligible to receive a future file date or a future effective date. Use the handy chart below to determine the eligibility of your document! Questions? Be sure to[..]

A UCC search provides critical information about an individual or business entity’s existing liens and other financial obligations that could affect their ability to repay debts. For lenders, a UCC search will help uncover any existing claims to the[..]

On March 1, 2024, a U.S. District Judge in Alabama issued a judgment declaring that the Corporate Transparency Act (CTA) is unconstitutional because it exceeds the Constitution’s limits on Congress’ power. Further, FinCEN is permanently enjoined from[..]

In previous blog posts, we've addressed the immediate changes taking effect in January of 2024. The Corporate Transparency Act (CTA) not only alters the process of establishing a new business entity, it also mandates that Beneficial Ownership[..]

THIS JUST IN: The Financial Crimes Enforcement Network (FinCEN) is extending the deadline for certain reporting companies to file their initial beneficial ownership information (BOI) reports. Specifically, reporting companies created or registered in[..]

Our guest blog post, authored by Tom Pitegoff, was previously published as an article in the New York Law Journal under the title, “Business Lawyers, the Corporate Transparency Act and New York State’s Response.” Published on August 2, 2023, in the[..]