Business Law

Publications & Podcasts

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Firm Highlights

Indefinite Suspension of CTA Filing Obligations (For Now)

On March 2, 2025 the U.S. Treasury Department laid waste to about a million law firm postings about the Corporate Transparency Act, announcing that Treasury now intends to propose fundamental changes to the CTA...

News

Verrill Welcomes Experienced Business Law Attorney David M. Austin to the Firm

Publication/Podcast

NEED MORE COWBELL: FinCEN Not Satisfied with Current Deadlines and Requirements under the Corporate Transparency Act

On February 27, 2025, FinCEN issued a press release announcing future changes but giving no guidance about the scope of those changes: “ No later than March 21, 2025 , FinCEN intends to issue...

News

Verrill Elects Attorneys Rachel A. Deering, Dena W. Hirsch, and Benjamin Shwartz as Partners

Publication/Podcast

It’s Official: All U.S. Entities Excluded from Filing Obligations Under the Corporate Transparency Act

On March 21, 2025, FinCEN published an “interim final rule” (IFR) that makes sweeping changes in the reach of the Corporate Transparency Act. The IFR is immediately effective and eliminates all BOI report obligations...

Publication/Podcast

CTA Filing Obligations: On Again, Off Again

HOLIDAY UPDATE!! In an opinion filed December 26, the Fifth Circuit has vacated its December 23 order that had lifted the District Court’s nationwide injunction. This means that the injunction is re-imposed for now...

News

Six Verrill Attorneys named to Westport Magazine’s Top Lawyers in Fairfield County List

Publication/Podcast

Status of CTA Reporting Rule as of January 24, 2025

FinCEN announced on January 24: In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they...

Publication/Podcast

Filing Obligations Reimposed!! Status of CTA Reporting Rule as of February 19, 2025

Updated February 20, 2025. The CTA seesaw continues. On February 19, FinCEN announced it is reinstating the CTA reporting obligations and setting new deadlines for submissions. Says FinCEN: “For the vast majority of reporting...

Publication/Podcast

"EDGAR Next" Goes Live

On March 24, 2025, the rule and form amendments to EDGAR that were adopted by the Securities and Exchange Commission (“SEC”) on September 27, 2024 became effective and the EDGAR Next dashboard went live...

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