Lisa and the Law
Welcome to Lisa and the Law, the official blog of Thompson Law Group. Information is power and here is where you get some. Lisa shares timely insights on business law matters and practical advice for business owners. Whether you’re a business owner navigating compliance requirements or seeking clarity on legal issues and best practices, this blog will keep you informed on the latest legal developments and practical strategies to help you stay ahead. Stay tuned for updates on the law, practical insights and actionable advice from an experienced business law attorney.
Why Have an Attorney File Your BOIR?
If you are going to pay anyone to file your business’ BOIR, hire an attorney. Some BOIRs are super simple, but others can be complicated if there is a business...
The March 21, 2025 CTA Compliance Deadline Is a Gift to Fix BOIR Problems
If you created a business after January 1, 2024, and failed to file your initial BOIR within 90 days OR you think that you made a mistake on your BOIR,...
All New Businesses Must List Their Company Applicants – No Exceptions
Reporting Companies formed after January 1, 2024, must include the Personal Identifying Information (PII) of their Company Applicant(s) on their initial Beneficial Ownership Information Report (BOIR). A Company Applicant is...
CTA Enforcement Reinstated: BOIR Filing Deadline Set for March 21, 2025—Act Now
On Monday, February 17, 2025, the pause for enforcement of the CTA was stayed (stopped). FinCEN is allowing businesses thirty (30) days to file their initial, updated or corrected Beneficial...
The new administration files Opening Brief in Texas Top Cop Shop 5th Circuit Appeal signaling the continued pursuit of enforcement of the CTA
The new administration has filed its Opening Brief in the expedited appeal of the Texas Top Cop Shop case. Oral arguments on this matter are scheduled for March 25, 2025...
The new administration files Notice of Appeal and Request for Stay in the Eastern District of Texas Smith case
The government requested a stay (stop) of the preliminary injunction imposed and still in force in the Smith case. Once the court rules on the request (likely after the Plaintiffs...
Supreme Court Stays Texas Top Cop Shop Injunction, But Smith Ruling Still Blocks CTA Enforcement
On January 23, 2025, the U.S. Supreme Court stayed (stopped) the Texas Top Cop Shop preliminary injunction. However, because there is a preliminary injunction in effect from the Smith case...
FinCEN Annual Increase of CTA Violation Fines to $606/Day
The annual adjustment of all FinCEN civil monetary fines increases civil fines for violations of the CTA from $591/day to $606/day. Related Services: CTA Compliance
Second Texas Court Issues Preliminary Injunction Against CTA Enforcement in Smith v. Treasury
Another Eastern District of Texas Court judge issues a second preliminary injunction against the enforcement of the CTA in Smith v. U.S. Dept. of Treasury. Related Services: CTA Compliance
U.S. Solicitor General Asks Supreme Court to Stay Preliminary Injunction
The U.S. Solicitor General (on behalf of the Department of Treasury) applies to the U.S. Supreme Court for a stay (stop) of the preliminary injunction issued by the 5th Circuit...