Who We Are

Sparks Willson is a business law firm. For over forty years we have served as outside general counsel for prominent local and national businesses.  We have the expertise needed to handle all aspects of corporate law and governance, emerging companies, mergers and acquisitions.  We also have the breadth and depth to represent and advise clients on business litigation, tax planning, employment law, trademark and intellectual property protection.

Because we build long-term relationships with our clients, we understand their businesses. That understanding allows us to help clients make full use of the legal tools available, while minimizing the risks of operating in today’s competitive economy.

Our clients include prominent local and national businesses, technology companies, medical practices, sports organizations, entrepreneurs, governmental agencies, nonprofits, and others involved in Colorado and beyond.

CTA Updates

**CTA Update 12/4/2024**

Compliance with the Corporate Transparency Act Temporarily Suspended

On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction for the enforcement of the Corporate Transparency Act (CTA), finding that the CTA is likely unconstitutional. This means that the Beneficial Ownership Information reporting requirements (existing entities required to file by 1/1/2025) are currently suspended. However, we anticipate additional commentary and appeals to the decision from FinCEN and are actively monitoring for updates. We recommend that entities that are required to report under the CTA continue to gather the needed information in the event the preliminary injunction is lifted.

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The Corporate Transparency Act (CTA), which went into effect on January 1, 2024, requires reporting entities (unless exempt) to file certain information about the entity and its beneficial owners with the Financial Crimes Enforcement Network (FinCEN) by the end of 2024.

You may be required to file a Beneficial Ownership Information Report (BOI Report) under the CTA. See here for general information and resources about the CTA.

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Patrick A. Hrbacek

Catherine J. Hutwagner

James P. McGibbon

Julie B. Peterson

Meet Us

Areas of Practice

Corporate Law

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Business Litigation

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Estate Planning and Probate

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Tax

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Business Real Estate

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Employment

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Intellectual Property

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Sports

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Location

Sparks Willson, P.C.
24 South Weber Street, Suite 400 | Colorado Springs, CO 80903
Phone: 719.634.5700 | Fax: 719.633.8477

Disclaimer

The information contained in this website is for general information purposes only. The information is provided by Sparks Willson, P.C. and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.