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Diligent Legal Advocacy
Recognizing the novelty of the Corporate Transparency Act, FinCEN is proposing to give new entities more time to file beneficial ownership reports. Under the law, entities formed on and after January 1, 2024, would have 30 days after formation to file their report. If...
Litigation is painful, expensive, and time-consuming. Mediation often provides a smart path to avoiding this obstacle. If an issue arises that cannot be resolved between the parties, you contact an attorney, and your legal claim eventually gets filed in court. Let...
Greater Cleveland today is a thriving metropolis for family and closely held businesses employing many friends and neighbors as well as and providing career options for our offspring. That was not always the case. I began my career at Ernst & Ernst in the 70s...
Is Your Company in Position to Succeed? 11 Considerations from a Business Lawyer When we meet a new business client, we analyze whether the company is positioned to succeed legally. Not unlike a doctor’s visit, these are the focal points during that assessment:...
America is months away from a sea change in business law, thanks to the Corporate Transparency Act (“CTA”). [Read Mike’s original post on the Corporate Transparency Act by clicking here.] This law will add compliance obligations to every industry. The banking industry...
The Federal Trade Commission (“FTC”) recently proposed a new rule that would effectively ban non-compete agreements. The rule also impacts non-solicitation and confidentiality agreements that effectively function as non-competes. It may be that the FTC will succeed...
Happy New Year. This time next year, the corporate-law world will see a significant change. The Corporate Transparency Act will take effect on January 1, 2024, requiring almost every U.S. entity to report its ownership to the IRS Financial Crimes Enforcement Network...
The federal government is changing the way we launch new businesses. Acting under the belief that too many criminals are using anonymous shell companies as a mask, Congress adopted the Corporate Transparency Act. The CTA requires most businesses to make an initial...
Today, LLCs are ubiquitous. Even the least business-savvy person will recognize that most companies with whom they deal are limited liability companies, and not corporations. I have heard lawyers say, “It’s malpractice to use a corporation nowadays.” While that phrase...
When developing a new small business, one consideration for entrepreneurs is to find an idea that fits their talents, interests and goals. A business that is a poor fit for yourself and your partners is unlikely to succeed. Similarly, your new business needs a...