On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit reinstated the enforceability of the Corporate Transparency Act (CTA). The preliminary injunction previously issued against enforcement of the CTA has been lifted, effective immediately, resulting in the reinstatement of mandatory compliance with the CTA by non-exempt reporting companies. What This Means: The reporting deadline (previously December 31, 2024) for non-exempt companies formed before January 1, 2024 is again in effect, however, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) extended the deadline to January 13, 2025. Any reporting companies that have not yet filed …
The Ohio Supreme Court Issues Long Awaited Decision Regarding Temporary Total Disability
After more than a year of waiting, the Ohio Supreme Court’s decision in State ex rel. AutoZone Stores, Inc. v. Indus. Comm’n has finally restored employers’ ability to defend against claims where an employee stops working for reasons unrelated to their injuries. The Ohio legislature added a new section to R.C. §4123.56 which went into effect on September 15, 2020. The newly added section (F) wiped out a long history of workers’ compensation case law regarding the “voluntary abandonment” doctrine. Previously, the doctrine of voluntary abandonment denied a claimant temporary total disability compensation (“TTD”) when the injured worker stopped working …
Federal District Court in Texas Has Ruled Corporate Transparency Act (CTA) Likely Unconstitutional; Nationwide Preliminary Injunction Issued
— This ruling has been updated. Click here to see the new update. — A Federal District Court in Texas has ruled that the Corporate Transparency Act (CTA) is probably unconstitutional and issued a nationwide preliminary injunction that precludes its enforcement. Click here for a copy of the decision of Judge Amos Mazzant in Texas Top Cop Gun Shop, Inc. v. Merrick Garland, Attorney General of the United States, Case No. 4:24-CV-478 (E.D. Tex). Congress enacted the CTA as an anti-money laundering effort, and the Act requires most small businesses to disclose beneficial ownership information (including social security numbers and …