Home
Attorneys
Capabilities
News & Insights
About Us
Join Us
Opportunity & Inclusion
Contact Us
Blog Logo
Blog Logo

Michael A. Cassidy

Of Counsel

Contact information

Email Address
(412) 594-5515
Download vCard BOOKMARK SHARE
View All News & Insights
BACK TO Michael A.’S PROFILE

Federal and Pennsylvania Corporate Reporting Requirements: Subject to Nationwide Injunction

Michael A. Cassidy, Esq., (412) 594-5515, mcassidy@tuckerlaw.com 

This is a latest in a series of client alerts and blog posts we’ve issued over the last year designed to inform you of the new Federal and Pennsylvania corporate reporting obligations. 

ALERT: The U.S. District Court E.D. Texas has issued a nationwide preliminary injunction against enforcement of the reporting rules below.

Federal

The financial crimes enforcement network (FinCEN) issued a final rule implementing the Corporate Transparency Act passed in 2022. This is designed to identify the owners of corporation and limit the ability to engage in illegal financial conduct. 

This is a fairly simple process, much like registering with the TSA to obtain a known traveler number. You log on to the website, identify yourself via scanning your driver’s license, and fill in the blanks asking for ownership information for your corporation. Click here for access to that information.

Contact one of our attorneys if you need assistance. 

Pennsylvania Law

Act 122, passed in 2022, requires annual reports from all organizations, i.e. corporation, limited liability companies, and most partnerships. This is merely a change to make the reporting requirements annual rather than biennial. Click here for Pennsylvania reporting. 

The filing deadlines are as follows:

  • Corporations – July 1st of each year
  • Limited Liability Companies – October 1st of each year
  • All other entities – December 31st of each year

You will be required to report the entity name, jurisdiction of formation, address, a name of at least one director, manager, member or partner, the names and titles of the principal officers, the address of the principal office, and the entity number issues by the Pennsylvania Department of State.

As with the federal reporting requirements, please contact one of our attorneys if you need further assistance.

December 04, 2024

Contact Now

Get support from our trusted attorneys.

    Serving our clients successfully since 1900

    The same attributes that have anchored over a century of success are still our guiding principles today.

    Capabilities Find an Attorney

    Stay up-to-date on the latest News & Insights by subscribing to our alerts

    Enter your email address below and be notified when we post new information.