March 28, 2025

Corporate Transparency Act Returns

With Major Limitations

Stacey Wescoe, Central Penn Business Journal

March 27, 2025

After a roller coaster ride of changing decisions. There's an update on the Corporate Transparency Act. Allentown law firm, Fitzpatrick Lentz and Bubba is reporting that the Financial Crimes Enforcement Network (FinCEN) has decided that only foreign companies registered to do business in the U.S. must file a BOI report unless they qualify for an exemption. That means domestic companies are now exempt from all CTA reporting requirements. FLB called FinCEN's decision an interim final rule, and note that it significantly reduces the burdens imposed by the original CTA reporting requirements on U.S. businesses. There are exceptions for foreign companies under the rule. For example, foreign businesses are exempt from reporting beneficial ownership information for any U.S. persons who are beneficial owners. Likewise, U.S. persons are exempt from providing their beneficial ownership information to foreign companies. FLB said that any foreign company is registered to do business in the U.S. that does not qualify for an exemption must file within 30 days after the publication of FinCEN's March 21 Rule in the Federal Register or 30 days after the company's registration to do business in the United States, whichever comes later. FLB noted that FinCEN has announced it will not be enforcing penalties for noncompliance.

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For over 10 years, Women in Business has proudly shined a spotlight on women whose tireless work provides the bedrock of a strong community through our Top Non-Profit Female Leaders recognition edition.

They are now seeking nominations for their 2025 Top Non-Profit Female Leaders edition, which will be published in April. Each year, Women in Business reaches out to executives, Chambers of Commerce, community leaders and you, their loyal readers, throughout their 23-county readership, to send nominations for selection. These nominations are then submitted to their selection committee, which bases its final selections on nominees who have made a positive impact on the Central Pennsylvania business community by consistently moving their business forward, adapting to major changes in their personal and professional life and giving back to the community through volunteering and mentoring.

We encourage you to make a nomination by following the link (Click on the picture above) and filling out the nomination form.

The deadline for submitting nominations is April 4.

If you have questions, please feel free to contact Women in Business Editor David Harry at 814-278-1323 or at editor@pabusinesscentral.com.

Every day, exceptional women are making a positive difference in the work place and our community. Help us honor them - they want to hear from you!

PATHS will offer over 50 trainings in April to educate you on stress and worker safety, distracted driving, as well as work zone safety. They will also be offering courses on active shooter, home fire safety, flood safety and dealing with angry people. Click on the links below to view the training objectives and register.

Just to Highlight a Few!

1 Distracted Driving 9:30 - 10:30 a.m.

2 Stress and Worker Safety 9:30 - 10:30 a.m.

3 Excavation and Trenching 9:30 - 10:30 a.m.

8 Home Fire Safety 9:30 - 10:30 a.m.

16 Active Shooter Training 10:00 - 12:00 p.m.

22 Work Zone Safety 9:30 - 10:30 a.m.

24 Flagger Safety 1:30 - 2:30 p.m.

Workplace Safety Committee (WSC) Certification

1 WSC Certification Renewal 1:30 - 2:45 p.m.

10 WSC Certification Initial 9:30 - 11:00 a.m.

17 WSC Certification Renewal 9:30 - 10:45 a.m.

22 WSC Certification Initial 1:30 - 3:00 p.m.

29 WSC Certification Renewal 1:30 - 2:45 p.m.

PATHS is a statewide service providing employers and employees access to cost-effective health and safety resources. Services provided by PATHS will enable participants in the workers'compensation system to create safer, incident-free workplaces.

Training can be provided onsite by request, or you may register for virtual training on various safety topics through the PATHS Training Calendar. Visit their website, Health & Safety Division I Department of Labor and Industry I Commonwealth of Pennsylvania, for other safety related resources.

DEADLINE NEXT WEDNESDAY!

We're excited to announce we have confirmed the following Elected Officials to be in attendance:

A representative from Congressman John Joyce's Office

A representative from Senator John Fetterman's Office

Senator Judy Ward

Representative Rich Irvin

Representative Scott Barger

Huntingdon County Commissioners Scott Walls and Patrick Reeder

We're thrilled to announce that Huntingdon County Night at the Altoona Curve will take place on Saturday, July 26th!

This year, we're proud to support The Salvation Army as the beneficiary of the event. Your participation will help make a lasting impact on our community, all while enjoying a night at the ballpark!

Business Owners - Looking for way to give back while rewarding your team? Consider a sponsor package! This is your chance to connect with your employees and their families and support a great cause at the same time!

Individual tickets are also available! It's going to be a night you don't want to miss!

Important Reminder: All sponsor packages and tickets MUST be purchased through our representative, Dylan Sim, to ensure The Salvation Army benefits from your support.

We can't wait to see you at the ballpark and make this night one to remember!

Interested in advertising in our enews?

Contact MacKenzie at mhuntsman@huntingdonchamber.com.

The cost is $25.00; $10.00 for 501(3) organizations. Yearly rates are available.

If you are hiring, please send position information to mhuntsman@huntingdonchamber.com or login to the member section of our website to post your jobs.

Contact Us

MacKenzie Huntsman

President/ CEO

mhuntsman@huntingdonchamber.com

Lorena LaGroue

Program Director

lorena@huntingdonchamber.com

500 Allegheny Street

Huntingdon, PA 16652

Phone: 814-643-1110

Fax: 814-643-1115

www.huntingdonchamber.com