Jan 14, 2025 | Business Insights
After issuing proposed regulations earlier this year and soliciting extensive public comment, the U.S. Small Business Administration (SBA) issued a final rule on December 17, 2024 introducing significant changes to certain of the regulations applicable to small...
Dec 31, 2024 | Business Insights
On December 26, 2024, the on-again, off-again saga of the reporting requirements for most small business owners under the Corporate Transparency Act (CTA) took another twist when the U.S. Court of Appeals for the Fifth Circuit decided to completely reverse direction....
Dec 27, 2024 | Business Insights
Choosing the right ownership structure for your Limited Liability Company (LLC) can have a significant impact on how your business operates, its tax obligations, and its growth potential. LLCs are known for their flexibility compared to other business structures,...
Dec 27, 2024 | Business Insights
We have written regularly on the requirements of most business owners, subject to limited exceptions, to file disclosure documentation as required by the Corporate Transparency Act. We also updated you with the news that a Texas District Court had entered a nationwide...
Dec 5, 2024 | Business Insights
UPDATE – 12/10/24 After initial publication and contrary to the information below, FinCEN has now updated their website indicating reporting companies were not required to file at this time and that entities will not be subject to liability for failure to report...
Nov 11, 2024 | Business Insights
As we have previously discussed, despite some pieces of litigation challenging the Corporate Transparency Act (CTA), the CTA is still in place for now and companies and organizations need to grapple with compliance. The CTA reporting requirements may be on the...
