In the long saga that is the reporting requirements put forth under the Corporate Transparency Act (CTA) we have yet another update. On Feb. 27, The Financial Crimes Enforcement Network (FinCEN) announced that it would not issue fines or penalties for any business that does not file Beneficial Ownership Information
On Jan. 23, 2025, the Supreme Court granted the government’s motion to lift a nationwide injunction issued in the case Texas Top Cop Shop, Inc. v. McHenry. What You Need to KnowWhile this ruling could have potentially reinstated Corporate Transparency Act filing requirements, a separate ruling in Smith v. U.S.
WASHINGTON (Jan. 27, 2025) — The Marine Retailers Association of the Americas (MRAA) announced today that the Advisory Council of Marine Associations (ACMA) approved a new Coalition Agreement, establishing a set of principles to which members of the coalition will adhere. ACMA comprises both state and national marine trades associations,
WASHINGTON (Jan. 15, 2024) – The Marine Retailers Association of the Americas announced today that the National Marine Fisheries Service officially withdrew the proposed North Atlantic Right Whale Vessel Strike Reduction Rule. Initially proposed in August of 2022, this rule would have put in place a 10-knot speed limit on
By Chad Tokowicz, MRAA Government Relations Manager & Mike Sayre, MRAA Director of Government Relations As the results from the General Election on Tuesday, Nov. 5, continue to take shape it is clear that Donald Trump has emerged as winner of both the popular and electoral college votes, and will
Filed yet? If not, here is what you need to know! Starting January 1, 2025, all business entities are required to report beneficial ownership information to the Financial Crimes Enforcement Network, a bureau of the U.S. Department of Treasury. The Corporate Transparency Act established the new requirement, which was put
Join a webinar Thursday, Oct. 10, hosted by the Small Business Legislative Council (SBLC) to learn more about the Corporate Transparency Act and the reporting requirements for small businesses. Attorneys from Barnes & Thornburg will generally discuss the basics of the reporting requirements under the Corporate Transparency Act and, importantly
Yesterday, August 20, 2024, Judge Ada Brown of the U.S. District Court for the Northern District of Texas ruled that the Federal Trade Commission (FTC) lacks legal authority to implement its “non-compete” rule. As we have previously alerted you in previous updates, on April 23, 2024, the FTC voted 3-2 along
MRAA Applauds Efforts by Senators Manchin and Graham introducing legislation to Protect Industry and Imperiled Wildlife.
• Testimony Highlights Benefits of MAPOceans Act and H.R. 8704 for Marine Retailers, Emphasizes Concerns Over Right Whale Vessel Speed Rule WASHINGTON, D.C, June 27, 2024 – The Marine Retailers Association of the Americas announces that Jeff Strong, MRAA Board Chair and President of Strong’s Marine, testified before Congress on
