Pennsylvania Business Owners: You must file an Annual Report starting in 2025. Know the requirements and deadlines. Beginning in 2025, most domestic and foreign filing associations are required to file an Annual Report [DSCB:15-146]. These associations include: Domestic business corporations Domestic nonprofit corporations Domestic limited liability (general) partnerships Domestic electing partnerships that are not limited … Continue reading Annual Reports in Pennsylvania
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2024 PA Workers’ Comp Report: Fewer Injuries, Higher Costs, and a Crackdown on Cheating Employers
by Karl Voigt On June 6, 2025, the Commonwealth of Pennsylvania released its 2024 Workers’ Compensation Annual Report, and the data reveals some important - and surprising -trends for both workers and employers. While reported work injuries are down significantly, the cost of treating those injuries is rising fast. At the same time, state officials … Continue reading 2024 PA Workers’ Comp Report: Fewer Injuries, Higher Costs, and a Crackdown on Cheating Employers
reporting companies are still not currently required to file beneficial ownership information with FinCEN
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports. **** On January 23, … Continue reading reporting companies are still not currently required to file beneficial ownership information with FinCEN
reporting companies are not currently required to file beneficial ownership information with FinCEN
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports. Current Status of Texas Top … Continue reading reporting companies are not currently required to file beneficial ownership information with FinCEN
Beneficial Ownership Information Reporting on again with extension
December 23, 2024, the federal Court of Appeals decided, reporting companies, except as indicated below, are once again required to file beneficial ownership information with FinCEN. However, because the Department of the Treasury recognizes that reporting companies may need additional time to comply given the period when the preliminary injunction had been in effect (and the … Continue reading Beneficial Ownership Information Reporting on again with extension
Pennsylvania Business Owners: You must file an annual report starting in 2025. Know the requirements and deadlines.
Governor Wolf signed into law Act 122 of 2022, which created an annual report requirement (like that imposed by most states) for domestic and foreign business filing associations. The long-time decennial report requirement for these associations has been repealed. An infographic of the new process is here. The new annual report filing is required for: Domestic business corporations Domestic … Continue reading Pennsylvania Business Owners: You must file an annual report starting in 2025. Know the requirements and deadlines.
Nationwide preliminary Injunction Against Enforcement of the Corporate Transparency Act
December 3, 2024, the U.S. District Court for the Eastern District of Texas (Sherman Division) issued a preliminary injunction in favor of the plaintiffs in the case of Texas Top Cop Shop, Inc. et al. vs. Garland (U.S. Attorney General). In so ruling, “[t]he Court has determined that the CTA and Reporting Rule are likely unconstitutional for … Continue reading Nationwide preliminary Injunction Against Enforcement of the Corporate Transparency Act
ATF changes definition of “engaged in the Business”, expands licensing requirements
The ATF has - yet again - issued a regulation that threatens to criminalize a wide range of conduct based on criteria that are vague at best, and perhaps even incomprehensible. A new final rule signed by Attorney General Merrick Garland purports to amend the regulatory definition of when someone is "Engaged in the Business" … Continue reading ATF changes definition of “engaged in the Business”, expands licensing requirements
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