Related News & Posts
Haynsworth Sinkler Boyd Elects New Shareholders
December 30, 2024
Haynsworth Sinkler Boyd, P.A. is pleased to announce that Tyler K. Gilliam and Jonathan D. Klett have been elected as Shareholders in the firm, effective January 1, 2025.
Navigating FinCEN Compliance: Quickly Approaching Deadlines for Businesses formed before 2024
November 25, 2024
Important Update:
1/27/2025: On January 23, 2025, the U.S. Supreme Court granted the government's motion to stay a nationwide injunction issued by the U.S. District Court for the Eastern District of Texas in Texas Top Cop Shop, Inc. v. McHenry (formerly Texas Top Cop Shop, Inc. v. Garland). However, a separate nationwide order in Smith v. U.S. Department of the Treasury from another federal judge in Texas remains in effect. As a result, reporting companies are not currently required to file beneficial ownership information with FinCEN, despite the Supreme Court's decision. They may, however, choose to voluntarily submit these reports.
12/27/24: On December 26, 2024, the United States Court of Appeals for the Fifth Circuit vacated its own stay of the nationwide injunction. Thus, Reporting Companies are not obligated to comply with the Corporate Transparency Act at this time. We will continue to provide updates on this issue.
12/26/24: On December 23, 2024, the United States Court of Appeals for the Fifth Circuit lifted the nationwide injunction prohibiting the enforcement of the CTA. Thus, Reporting Companies are once again obligated to comply with the Act. Fortunately, however, FinCEN extended the January 1, 2025 deadline for reporting companies to January 13, 2025.
12/3/24: A nationwide preliminary injunction has been issued prohibiting the enforcement of the CTA and the required reporting filed thereunder. This means companies are not currently required to comply with the January 1, 2025 reporting deadline. However, an appeal has been filed by the Department of Justice so the injunction could be lifted or amended at any time. Therefore, we recommend continuing to gather the information needed to complete the report as if the January 1, 2025 deadline were still in effect. It is optional whether you want to go ahead and voluntarily file the BIO report or wait for further court action.
A variety of businesses, such as LLCs, LLPs, partnerships, and corporations, formed before January 1, 2024, have until January 1, 2025, to file their initial report with the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).
Haynsworth Sinkler Boyd Welcomes Five New Associates
November 12, 2024
Haynsworth Sinkler Boyd, P.A. is pleased to announce that Kate Childs, Catherine R. Langdon, Ashley Long, Sarah J. Reisinger and Chloë Satzger have joined the firm.
Haynsworth Sinkler Boyd Recognized as a 2025 “Best Law Firm” by Best Lawyers®
November 07, 2024
Haynsworth Sinkler Boyd, P.A. has been named a top-tier firm by Best Lawyers® in its 2025 “Best Law Firms” rankings for the 15th consecutive year.Haynsworth Sinkler Boyd Welcomes Four New Associates
August 20, 2024
Haynsworth Sinkler Boyd, P.A. is pleased to announce that Luther F. “Luke” Carter, Jr., Miranda B. Nelson, Sabrina M. Pappas and Garrett M. Simpson have joined the firm.
77 Haynsworth Sinkler Boyd Attorneys Recognized by Best Lawyers
August 15, 2024
Haynsworth Sinkler Boyd, P.A. is proud to announce that Best Lawyers®, a legal peer-review guide, has selected 77 HSB attorneys for inclusion in The 2025 Best Lawyers in America©, including eleven attorneys as “Lawyer of the Year” and fifteen attorneys as “Ones to Watch.”
41 Haynsworth Sinkler Boyd Attorneys Named 2024 “Legal Elite”
August 08, 2024
Haynsworth Sinkler Boyd, P.A. is pleased to announce that 41 of our attorneys have been named 2024 “Legal Elite” by Greenville Business Magazine, Columbia Business Monthly and Charleston Business Magazine.Haynsworth Sinkler Boyd’s Rob Tiro Joins United Ministries Board of Directors
August 01, 2024
Haynsworth Sinkler Boyd, P.A. is pleased to announce that Rob Tiro was recently appointed to a three-year term on the Board of Directors for United Ministries.Haynsworth Sinkler Boyd Practices and Attorneys Ranked Prominently in Chambers and Partners USA 2024 Guide
June 06, 2024
Chambers and Partners has once again recognized Haynsworth Sinkler Boyd, P.A. in the Chambers and Partners USA Guide for 2024. The firm was designated a Band 1 banking and finance firm in South Carolina for another consecutive year. Band 1 is the highest ranking the prestigious, independent legal industry referral directory can bestow.J. Philip Land Joins JAASC Advisory Board
May 20, 2024
Haynsworth Sinkler Boyd, P.A. is pleased to announce that shareholder J. Philip Land has been named to the advisory board of the Japan-America Association of South Carolina (JAASC).