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Polsinelli

FinCEN’s Latest FAQs on Beneficial Ownership Reporting: Key Updates and Implications

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The Financial Crimes Enforcement Network (FinCEN) recently updated its Frequently Asked Questions (FAQs) regarding the Beneficial Ownership Information (BOI) Reporting Rule.  The October 3, 2024 FAQ updates provided crucial...more

Spilman Thomas & Battle, PLLC

The Corporate Transparency Act: Deadline Approaching

Before we know it, 2024 will be coming to a close. As we approach the end of the year, we want to remind you of an important upcoming deadline under the Corporate Transparency Act. Companies formed before January 1, 2024 must...more

Wyrick Robbins Yates & Ponton LLP

The Corporate Transparency Act: A Reminder for Public Companies and Banks

On January 1, 2025, business entities in existence prior to January 1, 2024 must file initial beneficial ownership reports with the Financial Crimes Enforcement Network (“FinCEN”) under the federal Corporate Transparency Act....more

K&L Gates LLP

Sweeping Changes to Company Registration in the United Kingdom to Increase Transparency of Companies and the Integrity of the...

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Background - The Economic Crime and Corporate Transparency Act (2023) (the Act) introduces the most significant changes to Companies House since corporate registrations were established in 1844. It is a new UK law that aims...more

Mayer Brown

New Ruling Limits Jurisdiction of Texas Business Courts

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On October 30, the Dallas Business Court issued a long-awaited ruling of first impression, holding that Texas’ newly formed business courts have no jurisdiction over cases already in existence prior to September 1, 2024....more

Sheppard Mullin Richter & Hampton LLP

The Corporate Transparency Act: What You Need to Know Ahead of the January 1, 2025 Deadline

The January 1, 2025 deadline for any “reporting company” formed prior to January 1, 2024 to file a Beneficial Ownership Information Report (“BOIR”) with the Department of the Treasury’s Financial Crimes Enforcement Network...more

Goulston & Storrs PC

The CTA Filing Deadline is Approaching. Is Your BOIR Filed Yet?

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The clock is ticking—just 49 days remain until the one-year filing deadline for the Corporate Transparency Act (CTA)! Entities established before January 1, 2024, must submit a beneficial owner information report (BOIR) by...more

Flaster Greenberg PC

Practical Business Considerations for Artists

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It can sometimes be difficult for artists to focus on the business aspect of their profession. Creating art is their passion, and the business end of it can seem unimportant, or even overwhelming. It is important for every...more

Robinson & Cole LLP

Legal Update: January 1, 2025 Deadline - Corporate Transparency Act Mandatory Filings

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The U.S. Congress enacted the Corporate Transparency Act (CTA) to establish and maintain a national registry of beneficial owners of entities that are considered to be “reporting companies.” Historically, the U.S. has lagged...more

Farrell Fritz, P.C.

Greetings from the American Bar Association’s 2024 LLC Institute

Farrell Fritz, P.C. on

The limited liability company is relatively young.  Though origin research is always a dubious task, my efforts tell me that the first LLC was created in 1977 in Wyoming, followed by other LLCs in Florida in 1982.  The years...more

Farrell Fritz, P.C.

Foreign Affairs of the Books and Records Kind

Farrell Fritz, P.C. on

Some years ago, the question whether New York courts have subject matter jurisdiction over petitions to dissolve foreign business entities garnered much interest amongst business divorce lawyers and on this blog. The debate...more

K&L Gates LLP

Corporate Transparency Act Requires Action by Year End: Your Estate Plan Could Be Impacted

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If you manage or own an interest in a limited liability company (LLC) or another type of entity that does not already have a public filing requirement (a Reporting Company), you may be subject to a reporting requirement under...more

Baker Donelson

Corporate Transparency Act and Tax-Exempt Entities

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This alert provides an overview of the Corporate Transparency Act (CTA) and explains the procedures that a newly formed tax-exempt entity must undertake in order to comply with the CTA....more

Smith Gambrell Russell

The Time Is Now (to Report Under the Corporate Transparency Act)

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Entities in existence prior to January 1, 2024, that are non-exempted “reporting companies” under the Corporate Transparency Act (“CTA”), must make initial filings with the Financial Crimes Enforcement Network bureau of the...more

White and Williams LLP

Simplifying Trustee Compliance with the Corporate Transparency Act

White and Williams LLP on

Under the Corporate Transparency Act (“CTA”), every "reporting company" needs to file a Beneficial Ownership Information (“BOI”) report by January 1, 2025. For entities formed during 2024, this BOI report is due within 90...more

Mintz

January 1, 2025 Deadline Is Fast Approaching for Compliance with the Corporate Transparency Act

Mintz on

The Corporate Transparency Act (CTA) requires entities, including corporations, limited liability companies, and limited partnerships, to file a beneficial ownership information (BOI) report with the Financial Crimes...more

Allen Matkins

The State Of Nevada Vilipends Vice Chancellor Laster's Ruling In Maffei v. TripAdvisor

Allen Matkins on

Much has been written about Vice Chancellor J. Travis Laster's ruling in Palkon v. Maffeii, 2024 WL 678204 (Del. Ch. Feb. 20, 2024).  That case involved a challenge to TripAdvisor's planned reincorporation from Delaware to...more

Verrill

Filing a BOI Report Online: A Step-by-Step Guide

Verrill on

Navigating the process of filing Beneficial Ownership Information (BOI) reports can be challenging. That's why we've created a comprehensive guide to help you through the technical steps of completing your online BOI...more

DarrowEverett LLP

Private Nuisance Claims: Just What Behavior Crosses the Line?

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“Three hours of sleep again last night. Three hours of sleep because of that dog!” The foible of being an attorney is not being able to enjoy television without noticing every liability, crime, and actionable conduct of...more

UB Greensfelder LLP

Deadline Approaching Under The Corporate Transparency Act

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Have you filed your company’s BOI report? As announced in December 2023, under the Corporate Transparency Act (CTA), certain legal entities formed before January 1, 2024 have to file a Beneficial Ownership Information (BOI)...more

Conyers

BVI Corporate Review - Q3 2024

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Welcome to the Conyers BVI Corporate Review for Q3 2024. In this edition we cover the upcoming annual return filing deadlines for BVI companies, recent headline transactions, recent publications and British Virgin Islands...more

K&L Gates LLP

Proposed Amendments to the Associations Incorporations Act 2015

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Background - On 19 September 2024, the Parliament of Western Australia introduced the Associations and Co-operatives Legislation Amendment Bill 2024 (Bill). The Bill makes amendments to the Associations Incorporation Act...more

Nossaman LLP

Miracles Do Exist – Easing the Pain of a Corporate Transparency Act Filing

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Filings Due January 1, 2025 In October 2023, we warned our readers of a new nightmare – beneficial ownership information (BOI) reporting under the Corporate Transparency Act (CTA). As the January 1, 2025 filing deadline...more

Seward & Kissel LLP

Updated Alert: FinCEN Imposes New Reporting Requirements on LLCs and other Entities

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As a reminder to our clients and friends of the firm, the beneficial ownership reporting deadline is soon approaching. Applicable entities that were formed or registered to do business in the U.S. prior to this year, have...more

Falcon Rappaport & Berkman LLP

Five Critical Mistakes to Avoid in Purpose-Driven Businesses

So, you’re very excited. You’re about to launch a new purpose-driven company. Or maybe you have one, but something just doesn’t seem to be working the way you’d like. Here are five critical mistakes to avoid with your new or...more

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