COMMUNITY INVOLVEMENT | By: Zachary Mike | March 25, 2025
On March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”) issued a final interim rule consistent with the U.S. Department of the Treasury’s (the “Treasury Department”) announcement on March 2, 2025, which exempts domestic U.S. companies from beneficial...
COMMUNITY INVOLVEMENT | By: Zachary Mike | March 11, 2025
Currently, all penalties or fines associated with the beneficial ownership information reporting requirements (“BOI Reporting Requirements”) under the Corporate Transparency Act (“CTA”) are not being enforced. On March 2, 2025, the U.S. Department of the Treasury (the...
COMMUNITY INVOLVEMENT | By: Zachary Mike | January 9, 2025
As of December 26, 2024, reporting companies are not required to submit beneficial ownership information reports (“BOIRs”) with FinCEN, nor will they face penalties for failing to do so while the injunction remains in place. However, businesses can still voluntarily...
COMMUNITY INVOLVEMENT | December 19, 2024
On Saturday, December 14, 2024 members of Twomey Latham, along with family and friends, participated in the Polar Bear Plunge for Heart of the Hamptons at Coopers Beach in Southampton, NY. This was the 20th consecutive year the Firm participated in this fundraiser. ...