Insights

Corporate Transparency Act Suspended for US Citizens and Companies

On Sunday night, March 2, 2025, the US Treasury Department issued a press release suspending enforcement of the Corporate Transparency Act for US citizens and companies.

Update Memo: The Corporate Transparency Act is Back in Force and Filings are Due March 21

The Corporate Transparency Act (“CTA”) is back in effect and filings are now due on March 21 for most companies.

Update Memo: The CTA Remains Suspended Despite an Interim Ruling by the Supreme Court

During the month of January there have been surprising developments in litigation about the Corporate Transparency Act (“CTA”).  As of now, despite several twists and turns, the CTA remains suspended and there is no obligation to submit CTA filings.

How to Strengthen Your Personal Safeguards Against Cybersecurity Threats

In this episode of Choate’s Family Office podcast series, Choate Investment Advisors’ Managing Director, Henry Dormitzer, and Choate’s Director of Information Security, Jeremiah Salamon discuss four steps to strengthen your personal safeguards against cybersecurity threats.

Update Memo: The CTA Has Been Suspended Again

On December 26, 2024, the Corporate Transparency Act (“CTA”) was suspended again by an order of the Fifth Circuit Court of Appeals.

Update Memo: Fifth Circuit Panel Reinstates the CTA and FinCEN Extends the Deadline to January 13

On December 23, 2024, a panel of the Fifth Circuit issued a stay in the appeal concerning the Corporate Transparency Act (“CTA”). As a result, the CTA is back in force.

Choate Celebrates 125th Anniversary

This month marks the 125^th anniversary of Choate, Hall & Stewart LLP, one of the country’s premier and most innovative law firms.

Structuring Search Fund Investments as “Qualified Small Business Stock”

Common search fund investment targets range in enterprise value from $5 to 15 million, are founder-owned, and are organized as “S” corporations for tax purposes or as LLCs classified as partnerships. With this target profile, it is often possible to structure search fund investments as investments in “qualified small business stock” (“QSBS”).

Update Memo: Court Issues Nationwide Injunction Against the CTA, and DOJ Appeals

On Tuesday, December 3, 2024, a U.S. District Court in Texas issued a nationwide order enjoining enforcement of the Corporate Transparency Act (“CTA”) and setting aside the filing deadline. Immediately following on Friday, December 6, the U.S. Department of Justice (“DOJ”) filed an appeal to the Fifth Circuit Court of Appeals.