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...
Oct 16, 2024 | Business Insights
With the passage of the Corporate Transparency Act (CTA), there are a ton of questions. Most companies must file a Beneficial Owner Information Report (BOIR). Here are some of the main points: When do I need to file my BOIR? For companies formed prior to 1/1/2024, the...
Oct 9, 2024 | Business Insights
Attracting and retaining top talent often requires innovative compensation strategies. Multi-member LLCs are flexible but can also be complex. Founders and executives often wish to reward high-performing employees with upside value tied to the success of the company,...
Oct 8, 2024 | Business Insights
Reminder that ALL “Reporting Companies” must file their Beneficial Owner Information Report (“BOIR”) by 12/31/24. The Corporate Transparency Act (“CTA”) is a broad new law requiring filing a BOIR with FinCen for many different Reporting Companies. There are harsh...
Aug 29, 2024 | Business Insights
Navigating the operational and logistical challenges of a business divorce can be as complex as the legal and financial aspects. Properly managing these elements is crucial to ensure a smooth transition and maintain business continuity. This fifth blog in our...
