Treasury Department Suspends Enforcement of Corporate Transparency Act
The Treasury Department has indicated it will suspend enforcement of the CTA concerning U.S. citizens and domestic reporting companies.
ReadMike Stoddard is Chair of the firm’s Public Finance practice group and Legal Opinion Committee. He focuses his practice on bonds, public finance, securities, business organizations, mergers, and acquisitions.
Idaho
American Bar Association
National Association of Bond Lawyers
Best Lawyers in America, Public Finance Law, 2022
Idaho Business Review, Leaders in Law, Partner, 2019
Law School:
Vanderbilt University, J.D., 1985
Undergraduate:
Occidental College, A.B., 1982
Public Finance
Worked as bond counsel, underwriter counsel, issuer counsel, borrower counsel, and disclosure counsel on numerous public finance transactions in Idaho and surrounding states throughout the past two decades. Drafts and negotiates stock purchase agreements, asset purchase agreements, and other documents related to a merger and acquisition transaction.
General Counsel to the Idaho Health Authority
General Counsel to the Greater Boise Auditorium District
Public Development
$65,000,000 financing of the first significant public-private partnership created in Idaho with a subsequent $50,000,000 apartment and parking project.
Energy Projects
$488,000,000 wind farm project, 122 turbines located in 11 different sites in Idaho. Work included drafting organizational documents, authorizing resolutions, providing legal opinions on the organization of project entities, and enforceability of project documents. Heavy involvement in due diligence, local laws and restrictions, and permitting and entitlement issues.
Housing
Financing of a 12-site low-income housing complex in Oregon. The loan package included traditional construction financing and permanent loans, tax-exempt bonds, equity investment via tax credits, and some unique Oregon tax credits.
Finance
Represented numerous borrowers in negotiating credit facilities with lenders, including a $75,000,000 revolving facility provided by a consortium of banks secured by properties in the US and Canada.
The Treasury Department has indicated it will suspend enforcement of the CTA concerning U.S. citizens and domestic reporting companies.
ReadThe court ordered preliminary injunction that halted enforcement of the Corporate Transparency Act (CTA) nationwide has been lifted again.
ReadEmployers may be facing additional oversight from the new administration, even for those who do not employ foreign workers.
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