CTA Overview We wanted to provide you with recent updates on the Corporate Transparency Act (“CTA”). Under the CTA, FinCEN (the “Financial Crimes Enforcement Network of the U.S. Treasury”) is required to develop a nationwide database of private company “beneficial owners”. The CTA requires every company in the U.S. to file beneficial ownership information (BOI) […]
As a follow up to our blog post entitled “Corporate Transparency Act Overview” on July 18, 2024, today’s post focuses on some specifics about the Corporate Transparency Act that business owners will need to know as we enter into the final quarter of 2024. Changes to Due Date for Initial Report for New Business […]
As attorneys, we dedicate our careers to serving our clients, upholding justice, and ensuring that the rule of law prevails. However, we must also prepare for the inevitable transitions in our professional lives. Unfortunately, so many attorneys fail to think about this – similar to the proverbial tale of the cobblers kid’s shoes being the […]
This article is part of a series of articles regarding the Corporate Transparency Act (“CTA”). You may have recently heard a lot about the CTA, this article highlights some of the frequently asked questions we receive regarding the CTA. What is the CTA? In 2020, Congress passed the Corporate Transparency Act (“CTA”). Under the CTA, […]
Most people go through life without doing anything really hard. Sometimes the low-hanging fruit is the only fruit that we end up picking. But what about the hard things — the things that seem almost impossible? Should we try to do them? And if we try, will we be able to actually do them? Should we be […]
There is one trait that is in demand, nearly everywhere and in every arena. Though it doesn’t have much flash or sizzle, it is the bedrock of all great leadership. It is the one ball, that if dropped, doesn’t bounce. It breaks. It is the glue of every relationship, organization, and endeavor. It needs constant […]
When Henry Kissinger served as the Secretary of State in the United States, a new analyst started at the state department. The young analyst spent an incredible amount of time drafting a report. After working hard, he left the report for Mr. Kissinger. Later that day, Kissinger left the report on his desk, with a […]
The S Corporation, commonly known as an S Corp, stands out as a business structure that combines the advantages of pass-through taxation with the liability protection inherent in a corporation. In this article, we’ll delve into what defines an S Corporation, explore its constraints, and highlight scenarios where opting for an S Corp might be […]
Raising capital, often overlooked yet pivotal for businesses, involves navigating a landscape governed by securities regulations. Within this realm, the term “blue sky filings” holds significant weight, especially for companies intending to offer securities to the public. Understanding what these filings entail, their criticality, and the consequences of delayed submissions is paramount for businesses. Decoding […]
Why Many Startups Choose Delaware for Incorporation Many startups are encouraged to incorporate in Delaware due to the state’s well-established corporate laws and renowned court system specializing in corporate matters. Additionally, Delaware does not levy a state income tax on corporations that are incorporated but not conducting business within its borders. However, this does not […]
