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BOI/CTA UPDATE: Appeals Court Reinstates - Then Suspends - Corporate Transparency Act Filing Requirement

UPDATE: Many recent changes have occurred related to the Corporate Transparency Act (“CTA”) and the requirement for all business owners to disclose their personal information to the US government. 

Here’s what’s transpired since a Texas federal court first suspended the CTA filing deadline on December 3, 2024: 

  • On December 23, 2024, the 5th Circuit Court of Appeals reinstated the CTA and its filing requirements for business owners, extending the deadline from January 1, 2025 to January 13, 2025.
  • On December 26, 2024, the 5th Circut reversed itself, suspending the deadline once again while it takes time to review the “parties’ weighty substantive arguments.”

What this means for you: As of now, the filing requirement is optional. However, as we’ve seen this week, this is subject to change on any given day, so check back here and we’ll keep you updated. In the meantime, to learn more about the CTA, including the filing...

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A Not-So-Happy Accident: Bob Ross's Estate Planning Failures Leave His Son With Next To Nothing - Part 2

 

As the host of the wildly popular The Joy of Painting TV series on PBS, Bob Ross became a pop-culture icon, who was equally famous for his giant head of hair, soothing baritone voice, and folksy demeanor as he was for his iconic landscape paintings. And like so many other artists, Bob’s artwork and image would become even more popular following Bob’s death in 1995.

Bob’s philosophy in both painting and life was that there “were no mistakes in life… just happy little accidents.” Sadly, as detailed in the recent Netflix documentary Bob Ross: Happy Accidents, Betrayal & Greed, Bob’s failure to coordinate his business agreements with his estate plan was anything but happy, leaving his only son largely unable to benefit from his father’s fame and fortune.

Bob’s planning failures led to an ugly court battle between his former business partners and his family, who were fighting for control of the lucrative intellectual...

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