Blog

CORPORATE TRANSPARENCY DEVELOPMENTS
Featured Industry Updates

CORPORATE TRANSPARENCY DEVELOPMENTS

Posted By: Michelle Marinello
On February 15, 2024 we previously published a blog post regarding the Corporate Transparency Act (the “CTA”) (original blog).  Since our February blog post, there have been certain developments regarding the CTA which could impact the filing requirements going forward.  On March 1, 2024, Judge Liles C. Burke of the U.S. District Court for the Northern District of Alabama held that the CTA was unconstitutional and enjoined enforcement of the CTA against the plaintiffs in [...]
Tags:  
Practice Area(s):   Business, Corporate and Commercial
CORPORATE TRANSPARENCY ACT NOW IN EFFECT
Featured Industry Updates

CORPORATE TRANSPARENCY ACT NOW IN EFFECT

Posted by: Nicole Green, Michelle Marinello, Timothy Morrison, Scott Shimick and keenan loderTo download a PDF of this article, click here: WOH UPDATE - CORPORATE TRANSPARENCY ACT NOW IN EFFECT.pdfAs follow-up to our Fall 2023 WOH Update, the reporting requirements under the Corporate Transparency Act (the “CTA”) went into effect on January 1, 2024. Below is a summary of key points impacting millions of businesses throughout the United States and beyond. Failure to comply with the [...]
Tags:  
Practice Area(s):   Business, Corporate and Commercial
BUDGET OPENS DOOR TO FURTHER ALCOHOL-RELATED REFORMS
Featured Industry Updates

BUDGET OPENS DOOR TO FURTHER ALCOHOL-RELATED REFORMS

Posted By: Alexandra Becker
Governor Hochul’s proposed executive budget for fiscal year 2025 (the “Budget”), released on January 16, 2024, includes a number of provisions which, while falling short of proposing sweeping change, should nonetheless have positive impacts on the liquor licensing and permitting process within the state. In 2022, the Commission to Reform the Alcoholic Beverage Control Law (the “Commission”) was formed to vote on whether to recommend changes to state laws to [...]
CORPORATE TRANSPARENCY ACT: WHAT YOU NEED TO KNOW AND WHAT MIGHT COME NEXT IN NEW YORK STATE
Featured Industry Updates

CORPORATE TRANSPARENCY ACT: WHAT YOU NEED TO KNOW AND WHAT MIGHT COME NEXT IN NEW YORK STATE

Posted By: Bradley Schober
I. The Corporate Transparency ActWith a goal of preventing money laundering, funding of terrorist organizations, and other illicit activities that may threaten national security, Congress passed the Corporate Transparency Act (“Act”). Under the Act, Reporting Companies are required to report certain information about each Beneficial Owner and, for companies created on or after January 1, 2024, the Company Applicant, to the Financial Crime Enforcement Network of the Department of [...]
Tags:   Corporate /
Practice Area(s):   Business, Corporate and Commercial
Corporate Spring Cleaning: Tips for Annual Corporate House Keeping
Featured

Corporate Spring Cleaning: Tips for Annual Corporate House Keeping

Posted By: Michelle Marinello
Spring is generally the time when we clean out our closets and dust off the winter blues. The same can be true for your business. The following are a few tips for business owners to make sure that your records and business practices are in tip-top shape: Review your governing documents.  While it may not be required for everyone, first and second quarter are both a great time to hold your annual meeting of shareholders or members in order to confirm and set officers and directors for [...]
Practice Area(s):   Business, Corporate and Commercial