Seigfreid Bingham News & Blog
What Clients Should Know About President Trump’s Anti-DEI and Affirmative Action Executive Order and Its Potential Effects on Government Contractors, Grant Recipients, Nonprofits, and Private Sector Employers
By: Christopher Tillery, Mirjana Gacanich, and Colby Stone
On January 21, 2025, President Trump signed a wide-ranging Executive Order entitled “Ending Illegal Discrimination and Restoring Merit-Based Opportunity” (the “Order”) that seeks to eliminate “diversity, equity, and inclusion” (“DEI”) and affirmative action programming and preferences in both the federal government and private sector. In doing so, the Order impacts not only government agencies and their polices, but also revokes multiple executive orders issued by prior administrations directly applicable to federal contractors and entities receiving federal grants, such as nonprofit organizations.
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Corporate Transparency Act Update: Reporting Obligations Remain Voluntary Despite Recent U.S. Supreme Court Order
By: John Fuchs, Rachel Sterbenz, and Tate Thompson
As we initially reported, the Corporate Transparency Act (“CTA”) took effect on January 1, 2024, requiring Reporting Companies (as defined by the CTA) to file beneficial ownership information reports (“BOIRs”) with the U.S. Treasury’s Financial Crimes Enforcement Network (“FinCEN”). Throughout 2024, multiple plaintiffs challenged the constitutionality and enforceability of the CTA in federal courts across the nation. On December 3, 2024, in Texas Top Cop Shop, the U.S. District Court for the Eastern District of Texas declared the CTA “likely unconstitutional” and issued a nationwide preliminary injunction halting its enforcement.
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Seigfreid Bingham Named Once Again Among Top 10 on Law Firm List by KCBJ
Seigfreid Bingham is pleased to share that the firm is included in the Kansas City Business Journal’s (KCBJ) Kansas City (KC) Book of Lists for 2024-2025, recognized in the top 10 on the list for law firms.
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2024 Seigfreid Bingham Business Development and Marketing Recap – Quarter 4
Seigfreid Bingham has been involved in several community, marketing, client-focused, and business development initiatives during Quarter 4 (October 2024-December 2024).
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Corporate Transparency Act Update: Reporting Obligations Suspended Again
By: John Fuchs, Rachel Sterbenz, Nida Rais, and Tate Thompson
This Client Alert provides latest information in what continues to be the most unexciting developing news story any of us has ever followed. As the saying goes, “Don’t shoot the messenger!” Long story short / TLDR (too long didn’t read), the U.S. Court of Appeals for the Fifth Circuit (“Fifth Circuit”) issued an order on December 26, 2024, which effectively reinstates the preliminary injunction against the enforcement of the Corporate Transparency Act (“CTA”), and once again, it is voluntary for a Reporting Company (as defined by the CTA) to file beneficial ownership information reports (“BOIRs”) with the U.S. Treasury’s Financial Crimes Enforcement Network (“FinCEN”). As we have mentioned in our prior Client Alerts linked below, this is not a final decision on the constitutionality of the CTA, and businesses should be aware that the reporting deadlines could be reinstated if the most recent order is overturned or a permanent injunction is not awarded on the merits of the Fifth Circuit case mentioned below.
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Corporate Transparency Act Update: Reporting Obligations Revived After Fifth Circuit Lifts Preliminary Injunction
By: John Fuchs, Rachel Sterbenz, Nida Rais, and Tate Thompson
As we previously reported, on December 3, 2024, in Texas Top Cop Shop, Inc. v. Garland, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the Corporate Transparency Act (“CTA”), pausing the requirement for a Reporting Company (as defined by the CTA) to file beneficial ownership information reports (“BOIRs”). However, on December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit issued an order lifting the preliminary injunction, effectively reinstating the CTA and a Reporting Company’s obligation to file BOIRs. A few hours after the Fifth Circuit issued the order, the U.S. Treasury’s Financial Crimes Enforcement Network (“FinCEN”) published limited extensions to the initial reporting deadlines for many Reporting Companies. In particular, Reporting Companies formed before January 1, 2024, are now required to file BOIRs by January 13, 2025 (instead of January 1, 2025).
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