Teeple Hall, LLP is a boutique law firm based in San Diego, California, committed to delivering exceptional and tailored legal services addressing a range of complex issues and requirements. The Firm has a long and distinguished history serving high net-worth individuals and families, entrepreneurs, privately owned businesses, and institutions throughout Southern California and around the world.
For over 25 years, the Firm has diligently addressed the unique needs of a diverse client base with an unwavering commitment to our guiding principle—to provide a depth and level of service traditionally associated with large, multi-office, multi-national law firms, in a boutique, highly personalized environment where lasting relationships are valued, cultivated and sustained.
Melding our attorneys’ depth of expertise and knowledge of the law together with a global perspective on business, tax, and private client matters, Teeple Hall, LLP has gained a strong reputation as a go-to firm for difficult and challenging cases on a breadth of matters. Our Practice Groups are comprised of Private Client, Corporate & Transactional, Tax, International, and Litigation. While Teeple Hall, LLP is positioned as a full-service law firm with the capability to address a wide array of legal issues, we have developed and enjoy a strong, global reputation for our leadership and work in our Private Client, Tax, and International Groups.
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UPDATE AS OF MARCH 12, 2024: CTA RULING IN U.S. DISTRICT COURT OF NORTHERN DISTRICT OF ALABAMADated March 12, 2024 On March 1, 2024, in Nat’l Small Bus. United v. Yellen, No. 22-cv-1448 (N.D. Ala. Mar. 1, 2024), ECF No. 51, the U.S. District Court of the Northern District of Alabama ruled that the CTA is unconstitutional and cannot be enforced against the plaintiffs of the case, the members of the National Small Business Association (“NSBA”) as of March 1, 2024. On March 4, 2024, the Financial Crimes Enforcement Network (“FinCEN”), the agency tasked with enforcing the CTA, released a statement declaring that it intends to respect the terms of such ruling but will continue to enforce the reporting requirements of the CTA for all other entities, meaning all qualifying entities that were not members of the NSBA as of March 1, 2024, stating, “reporting companies are still required to comply with the law and file beneficial ownership reports as provided in FinCEN’s regulations.” Additionally, on March 11, 2024, the Department of Justice, on behalf of the Department of the Treasury (of which FinCEN is a branch), filed an appeal against the ruling, meaning a federal appellate court will review and rule on the case at some point in the future. Reporting Companies not directly associated with this ruling should continue to prepare to comply with the reporting requirements of the CTA within the appropriate timeframes.
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UPDATE AS OF JANUARY 26, 2024: INCREASED MONETARY CIVIL PENALTY FOR CTA NONCOMPLIANCEDated January 26, 2024 On January 25, 2024, FinCEN increased the maximum civil monetary penalty for beneficial ownership information violations from $500 per day to $591 per day. Although this was done to account for inflation, the more severe civil penalty underscores the importance of accurately and timely filing BOI Reports, including proactively filing updated BOI Reports, when necessary.
