Jim Wheaton and ABA Colleagues Spend the Holidays with the Corporate Transparency Act
The Corporate Transparency Act was to become fully effective on January 1, 2025, but a flurry of activity in a federal district court, the Fifth Circuit, and the U.S. Supreme Court produced a whipsaw effect over the last several weeks, and a preliminary injunction remains in effect while the Supreme Court considers its ruling on a stay request.
Professor Jim Wheaton of William & Mary Law School and several ABA colleagues authored an article in the ABA’s Business Law Today that captured the confusion and rapid pace of developments.
Wheaton is Director of William & Mary Law School’s Special Education Advocacy Clinic and a Clinical Associate Professor of Law. He taught previously at Boston University School of Law and as an adjunct at both William & Mary Law and the University of Virginia School of Law.
He had a private practice career that included serving as General Counsel of a public company, and as a partner and practice group leader in an AmLaw 100 firm. He is a former chair of the business sections of both the Virginia State Bar and Virginia Bar Association, and a former chair of the American Bar Association Section of Business Law’s LLC & Unincorporated Entities Committee. In 2015, Wheaton received the Martin I. Lubaroff Award from the American Bar Association for leadership, scholarship, and service in the field of LLCs, partnerships and unincorporated entities law. He is a fellow of the American Bar Foundation and of the American College of LLC & Partnership Attorneys.