Tiffany Bergland

NAPFA-Registered Financial Advisor, President & Principal

Nationwide Block of the Corporate Transparency Act: What It Means for Businesses

The Corporate Transparency Act (CTA), a landmark regulation designed to combat illicit financial activities by increasing corporate transparency, has hit a significant roadblock. On Tuesday, a federal court in Texas preliminarily blocked the law and its implementing regulations nationwide, citing concerns that the requirements exceed Congress’s commerce authority. This decision comes less than a month […]

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Important Update: Beneficial Ownership Information Filing Requirement

As part of the Corporate Transparency Act passed in 2021, many businesses, including LLCs and real estate holding entities, are now required to file Beneficial Ownership Information (BOI) with the Financial Crimes Enforcement Network (FinCEN). Who Needs to File? FinCEN estimates that approximately 32 million entities, including the most commonly held businesses, LLCs, which are

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