News + Events

DEPT OF TREASURY EXEMPTS US COMPANIES AND PERSONS FROM BOI REPORTING

March 28, 2025

WHAT YOU NEED TO KNOW: To summarize, the Department of Treasury has now exempted U.S. companies and U.S. citizens from BOI reporting requirements under the CTA. At this time, there is no legal requirement for U.S. Companies or citizens to register BOI information. We do not expect this rule to change in the near future.

Enforcement of Corporate Transparency Act Halted

March 04, 2025

The beneficial ownership interest (“BOI”) reporting requirements under the Corporate Transparency Act (“CTA”) took another turn on March 2, 2025 as the United States Department of Treasury announced that it does not intend to enforce any penalties or fines associated with the BOI reporting rule under the CTA.

Samuel E. Wiser, Jr. Included in LGC Report to the General Assembly 2024

March 03, 2025

Attorney Samuel E. Wiser, Jr. is honored to be included among his esteemed colleagues in the “Commission Report to the Pennsylvania General Assembly- 2024” which reflects the efforts of the Local Government Commission during the last five years. Both Attorney Wiser and Attorney E. Lee Stinnett II have participated in the Local Government Symposium, for which Attorney Wiser is featured, at the Capitol building in Harrisburg. The Local Government Symposium is an annual event that aims to provide a platform where practitioners, policy makers, and researchers can gather to connect, share research and policy proposals, and spread awareness of local government issues and successes.

FINCEN’S BOI REPORTING REQUIREMENTS BACK IN EFFECT WITH 30-DAY FILING EXTENSION

February 21, 2025

Business owners who thought that they were relieved of The Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements should add this administrative task back to their to-do list. On February 18, a federal judge lifted the preliminary injunction that had temporarily halted the enforcement of the reporting requirements. In response, the Financial Crimes Enforcement Network (FinCEN) announced a 30-day extension in deadlines for business entities.

NEW 2025 PA Annual Report Filing Requirements with Dept of State

February 05, 2025

Due dates are quickly approaching for new Annual Report filing requirements in Pennsylvania! Starting in 2025, most domestic and foreign entities registered in Pennsylvania must file an Annual Report with the Department of State. Who Must File? Domestic and foreign LLCs, corporations, partnerships, business trusts, and other registered entities. What Changed? Prior to the new law, business entities were only required to file reports with the Department of State every ten years. This requirement is now annual. Cost: There is a $7.00 filing fee. There is no fee for nonprofit corporations and any LPs or LLCs with a not-for-profit purpose. Deadlines: The deadline for filing the Annual Report is based on the type of entity. After your initial annual report, you will be required to file each subsequent report by the deadline on an annual basis. Deadlines for each type of entity include: June 30, 2025: For-profit and non-profit corporations September 30, 2025: Limited lia ...

BENEFICIAL OWNERSHIP REGISTRATION UNDER CTA ON HOLD, AGAIN – NO REGISTRATION REQUIREMENT AS OF DEC 26, 2024

January 02, 2025

Business registration under the Corporate Transparency Act (CTA) continues to be a moving target with the current status quo being that registration is not required.

REPORTING REQUIREMENTS UNDER CORPORATE TRANSPARENCY ACT REINSTATED– Deadline Extended to January 13, 2025

December 26, 2024

The practitioners at Salzmann Hughes have been closely monitoring recent developments regarding the Corporate Transparency Act (CTA). On December 23, 2024, the reporting requirements under the CTA were reinstated. For most business entities, the new filing deadline is January 13, 2024.

FEDERAL COURT HALTS CORPORATE TRANSPARENCY ACT ENFORCEMENT

December 05, 2024

On December 3, 2024, a federal district court in Texas issued a nationwide preliminary injunction, temporarily blocking the implementation of the Corporate Transparency Act (CTA). Under the CTA, certain non-exempt businesses were required to disclose their Beneficial Owners to the Financial Crimes Enforcement Network (“FinCEN”) not later than January 1, 2025. This ruling suspends reporting requirements under the CTA.

Lee Stinnett Presents on Stormwater Financing at PA State Capitol and Beyond

October 28, 2024

On October 24, 2025 Lee Stinnett was honored to join the 4th Annual Local Government Symposium at the Harrisburg State Capitol Complex to educate to local government professionals and policymakers. In collaboration with HRG, Lee discussed the benefits of a regional stormwater collaboration, highlighting stormwater financing and how stormwater programs can comply with a fee-based program under the current state of the law.

SALZMANN HUGHES, P.C. ATTORNEY SAMUEL E. WISER, JR. NAMED TO INAUGURAL “40 IN THEIR FORTIES” LIST BY CITY & STATE

September 30, 2024

Read the digital listing at www.cityandstatepa.com.