On December 3, 2024 a federal district court in the Eastern District of Texas granted a nationwide injunction, enjoining government enforcement of both the Corporate Transparency Act and the associated reporting rule requirements (i.e. BOI or Beneficial Ownership Information reporting).
This temporary injunction will likely be appealed by the government to the US Court of Appeals, and beyond (if necessary). It would be well to be prepared to comply with the BOI reporting rule in the event the decision is overturned, but until further notice, the mandatory reporting to the Financial Crimes Enforcement Network by “Reporting Companies” is suspended.
See FINCEN's website for the latest Alert: https://fincen.gov/boi
If you have questions, please contact your attorney.
Our office in Chaska, MN located in Carver County serves the legal needs for banking law, business and corporate law and elder law cases.
Phone: (952) 442-7700
8:00 am to 5:00 pm Monday – Friday
Ample street parking available right outside our front door.
I appreciate the fact that they are willing to work with our other legal counsel. They have done this in several situations over fairly complex bond financing issues or with health care law. Yet we look at Melchert Hubert Sjodin similar to in-house counsel because of their broad experience and ability to turn things around quickly. They have fabulous turnaround time and we’ve always felt that their rates were fair and accurately portrayed the work they did.
John D., client since the 1950s
Melchert Hubert Sjodin helps us with issues related to selling and developing real estate. They have a genuine interest in serving as our partner in the process versus a service provider. Their actions prove that. They focus on finding fair solutions for issues and not just setting up adversary relationships.
Terry H., client since 1987
We are a 100-year-old highway heavy construction company. I grew up in the firm and my forefathers have used Melchert Hubert Sjodin for as long as I can remember. I’m of the thinking that if it isn’t broken, don’t change anything. We’ve continued to have a good experience and have never shopped fees; the relationship has been much more important.
Richard W., client since the 1950s