Popular, Business Ownership

For Founders, Raising VC Funds Comes From Being in the ‘Know’

DarrowEverett LLP on 8/5/2024

We have previously written regarding founders’ choice of entity decisions as well as a number of tips for entrepreneurs to keep in mind as their businesses begin to operate and grow. But for those founders who have eyes on...more

Updated FinCEN FAQs Provide Three Important Clarifications on Reporting Obligations Under the Corporate Transparency Act (CTA)

Hinshaw & Culbertson LLP on 7/25/2024

The Corporate Transparency Act (the CTA) went into effect earlier this year, although many uncertainties about the CTA's application still remain. To help remedy those uncertainties, the Financial Crimes Enforcement Network...more

UK Supreme Court Clarifies Basis of ‘Knowing Receipt’ Claims Arising From Breach of Fiduciary Duty

Mayer Brown on 7/22/2024

"The law on 'knowing receipt' has perplexed judges and academics alike for several decades" – Lord Burrows (paragraph 99). In a decision with significant implications for claims involving fraud and breach of fiduciary duty...more

FinCEN Alert: Dissolution Before 2025 Won't Spare CTA Reporting Requirement

Morris, Manning & Martin, LLP on 7/10/2024

On July 8, 2024, FinCEN published additional FAQs regarding entities that have ceased to exist. Unsurprisingly, entities that formally and irrevocably dissolved prior to the Corporate Transparency Act's effective date of...more

Understanding How Generative AI Can Affect Your Business' Data Privacy And Ownership Is Crucial

Rumberger | Kirk on 5/13/2024

“In assessing a generative AI product, it is critical to understand issues of data ownership and privacy. This cumbersome task is necessary to learn how the AI platform will use data, if the data shared is entering an open or...more

Corporate Transparency Act Compliance: What Company Owners Need to Know in 2024 (and Beyond)

Oberheiden P.C. on 4/23/2024

The federal Corporate Transparency Act (CTA), formed under the National Defense Authorization Act, establishes new disclosure obligations for millions of companies operating in the United States and abroad including...more

The Corporate Transparency Act – What You Need to Know

Bressler, Amery & Ross, P.C. on 4/4/2024

If you own or plan to form an LLC, corporation, or similar business entity, you should be aware of the Corporate Transparency Act and its reporting requirements to avoid significant penalties....more

After Corporate Transparency Act Takes Hit in Ruling, What's Next?

DarrowEverett LLP on 3/5/2024

The Corporate Transparency Act (“CTA”), a significant legislative effort aimed at curbing financial crimes by increasing corporate accountability, has been declared unconstitutional by the U.S. District Court for the Northern...more

The Corporate Transparency Act Is Here and the New York LLC Transparency Act Is Coming

Skadden, Arps, Slate, Meagher & Flom LLP on 2/2/2024

The Corporate Transparency Act and its implementing regulations (together CTA) came into effect on January 1, 2024, requiring entities within its scope to disclose information, including about their beneficial owners, to the...more

NY’s LLC Transparency Act and NYC Real Estate – Albany Wants to Know the Secrets that You Keep[i]

Rivkin Radler LLP on 1/5/2024

A national study released in 2015 reported that “nearly half the residential purchases of over $5 million were made by shell companies rather than named people.”[ii] Because shell companies could often be formed without...more

Amid Corporate Transparency Act, You Gotta Represent In Transactions

DarrowEverett LLP on 11/21/2023

By now, many of you may have heard of the Corporate Transparency Act (“CTA”) and how it may increase compliance costs for many of your businesses in 2024. In brief, beginning January 1, 2024, the CTA will require foreign...more

A Roadmap to the CTA’s Game-Changing Reporting Requirements

Ballard Spahr LLP on 10/26/2023

Beginning on January 1, 2024, many U.S. legal entities and foreign entities registered to do business in the U.S. will be required to report information about themselves, their beneficial owners, and their company applicants...more

The Federal Corporate Transparency Act Through the Lens of Private Equity: Unique Challenges Await

Bass, Berry & Sims PLC on 10/25/2023

With a stated goal of enhancing transparency of business ownership, the federal Corporate Transparency Act (CTA) mandates various types of businesses – such as corporations, limited liability companies, and limited...more

Text Messages Trump Formalities in Ownership Dispute Over Cryptocurrency Business

Farrell Fritz, P.C. on 6/13/2022

The emergence of the Limited Liability Company as the preferred form of closely-held business association in New York has spawned a glut of litigation over disputed membership status in LLCs, many of which are covered in the...more

Tax Hikes, Senator Manchin, and Effective Dates – OH MY!

Rivkin Radler LLP on 10/5/2021

What was your month like? If you’re a transactional professional – a class in which I include those who advise clients on the purchase and sale of businesses and investment assets, as well as those who assist clients in...more

Tax Hikes, Effective Dates, And Selling a Business

Rivkin Radler LLP on 9/13/2021

Living the Dream- “How was your weekend?” Thank you for asking. Awful. “Why?” you ask. (Humor me. Pretend you’re interested.) I’ll tell you. One word, with 535 syllables: Congress. When the reconciliation budget...more

Biden’s Proposed Income Tax Increases And The Sale Of The Baby Boomer Business

Rivkin Radler LLP on 4/26/2021

“Yeah, I’m the Tax Man” Last week, several media outlets reported that Mr. Biden will soon propose that Congress increase the federal income tax rate applicable to long-term capital gains recognized by individual...more

New York’s Post-Election Tax Environment For Business Owners

Farrell Fritz, P.C. on 11/16/2020

Something Is Rotten- There’s a gray pall hanging over New York that has clouded the judgement of many politicians, and has left many of its residents feeling anxious and off-balance. No, it’s not the smoke from all the...more

Passion and Perseverance, from Startup to Successful Exit with Bob Freedman, CEO of SimpleAuctionSite

Hutchison PLLC on 8/19/2020

One day Bob Freedman took a chance. He left his big company IT job and went for it. He followed his passion for collectibles and his entrepreneurial dream of building a business. And although the journey wasn't easy, he...more

UK Self-Employment Income Support Scheme Extended

McDermott Will & Emery on 6/19/2020

On 12 June 2020 HM Revenue & Customs (HMRC) announced an extension to the Self-Employment Income Support Scheme (SEISS). The extension will allow eligible claimants to apply to HMRC for a second liquidity grant to partially...more

Weekly IRS Roundup November 18 – 22, 2019

McDermott Will & Emery on 11/27/2019

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of November 18 – 22, 2019. November 19, 2019: The IRS published final regulations that affect United...more

Oregon’s New Corporate Activity Tax

Foster Garvey PC on 6/5/2019

We are taking a break from our multi-post coverage of Opportunity Zones to address a recent, significant piece of Oregon tax legislation. On May 16, 2019, Governor Kate Brown signed into law legislation imposing a new...more

Blockchain Is About So Much More Than Bitcoin Speculation

Steptoe & Johnson PLLC on 8/24/2018

This Houston Business Journal article quotes Steptoe & Johnson Attorney Daniel Nossa. Bitcoin speculation and initial coin offerings got plenty of attention in the past year. But those high-profile issues aren’t the...more

Pokemon Go Away: Monsters Creating Nuisance Problems

Lewitt Hackman on 8/12/2016

This game has been all the rage since July. Engadget reports over 100 million downloads of Pokemon Go, racking up $10 million each day in revenue for game makers Niantic, The Pokemon Company and Nintendo. It’s a beast. ...more

White-Collar Exemptions: Paying Employees' Wages in Equity, Rather than Cash

Franczek P.C. on 9/18/2014

The saying goes that “Cash is King.” However, entrepreneurs often quickly learn (sometimes in painful ways) that it is Cash Flow that is really King. Run a quick Google search for “accounts receivable” financing or factoring...more

Today's Popular Updates › Business Ownership

"My best business intelligence, in one easy email…"