
Scott H. Novak
Partner
201-896-7240 snovak@sh-law.comClient Alert
Author: Scott H. Novak
Date: December 26, 2024

Partner
201-896-7240 snovak@sh-law.com
FinCEN Beneficial Owner Reporting Must be Completed by January 13 for pre-2024 Companies
On December 23, 2024, the 5th Circuit Court of Appeals lifted the injunction that stayed the enforcement of the Corporate Transparency Act put into place by a federal judge in Texas. The result is that if you are required to file a Beneficial Owner’s Report with FinCEN by year-end (entities that were in existence prior to 2024), you must accomplish that filing no later than December 31 to avoid potential penalties.
Please call us if you have questions or would like assistance with a filing.
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Congress has taken a significant step toward delaying the sweeping federal restrictions on intoxicating hemp products scheduled to take effect this November. On August 8, 2026, the U.S. Senate approved a short-term federal funding measure that includes a hemp ban delay, postponing the implementation of most new federal hemp restrictions for approximately one month, from […]
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Disputes surrounding New Jersey data centers are intensifying as the State positions itself as a leader in artificial intelligence, cloud computing, and advanced technology infrastructure. Recent proceedings in Vineland and ongoing litigation in Monroe Township illustrate the growing tension among local land-use control, energy concerns, environmental impacts, and statewide economic development objectives. The outcomes of […]
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On June 30, 2026, Governor Mikie Sherrill signed Assembly Bill 5328 (P.L.2026, c.25), establishing a comprehensive regulatory framework governing data brokers and certain businesses that sell or license personal information. While the New Jersey data broker law has garnered attention for imposing annual registration fees that can reach $1.5 million, its significance extends well beyond […]
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