The beneficial ownership information reporting requirements under the Corporate Transparency Act were just halted by a nationwide preliminary injunction.

The Corporate Transparency Act (“CTA”), effective January 1, 2024, requires certain businesses to report beneficial ownership information to the Financial Crimes Enforcement Network.

On May 15, 2021, the Texas Legislature passed S.B. No. 1523, relating to registered and protected series of domestic limited liability companies, as well as authorizing fees. Effective June 1, 2022, there will be substantial changes to the TBOC affecting the registration of a newly created “Registered Series” LLC.