The U.S. District Court for the Eastern District of Texas in Smith et al. v. U.S. Department of Treasury, et al., 6:24-cv-0036 (E.D. Tex), decided that the beneficial ownership information (“BOI”) reporting requirements under the Corporate Transparency Act (“CTA”) are back in effect. On January 24, 2025, we reported in our article “Enforcement Of The Corporate Transparency Act Still On Hold” that the CTA was on hold due to a nationwide injunction issued by Judge Kernodle of the Eastern District of Texas, despite the Supreme Court ruling on January 23, 2025. On February 5, 2025, the U.S. Department of Justice… read more »
The Intersection Between Pennsylvania’s Certificate of Annual Registration Requirement and Pennsylvania’s Annual Reporting Requirement
Pennsylvania Certificate of Annual Registration Effective December 31, 2024, the Pennsylvania Department of State increased the annual registration fee for domestic and foreign registered limited liability partnerships (“LLPs”), limited liability limited partnerships (“LLLPs”), and restricted professional companies (“RPCs” and “PLLCs”). What are the costs for filing? The annual registration fee for RPCs and PLLCs has increased to $700.00 per licensed professional member, as long as that member is licensed to practice the professional service in PA and resides in PA. The annual fee for LLPs and LLLPs has increased to $470.00 for each general partner if the partner is a… read more »
