On March 21, 2025, the Financial Crimes Enforcement Network issued an Interim Final Rule exempting all domestic entities from filing Beneficial Ownership Information Reports under the Corporate Transparency Act (the “CTA”). As such, if you own or operate a company formed under the laws of a US State, your company is, as of now, no longer subject to the CTA. There have been numerous changes to the status of the CTA over the past year, so we will continue to monitor any future developments to the law, but at least for now, the law has been significantly scaled back.