Insights

As discussed in Part 1 of this blog series titled, “The Corporate Transparency Act’s Implications,” there are various exemptions as to which types of businesses do not have to report to FinCEN under the Corporate Transparency Act (CTA). The following twenty-three business types are exempt from being considered “reporting entities”…

The Corporate Transparency Act (the “CTA”) goes into effect on January 1, 2024, and requires businesses to report information to FinCEN pertaining to the businesses’ beneficial owners. As discussed in Part 1 of this blog series entitled, “The Corporate Transparency Act’s Implications,” the CTA requires businesses to report information to…

On January 1, 2024, the Corporate Transparency Act (the “CTA”) will take effect and may impact the disclosure requirements for you and your business. The CTA is an anti-money laundering law that aims to force bad actors to reveal ownership of various business structures. Congress states that bad actors seek…

Fraudulent filings on the Florida Secretary of State’s website, Sunbiz.org, are on the rise. Although many business owners and officers are familiar with Sunbiz.org and its business entity directories, most may not realize that the Sunbiz.org online filing portal has no verification process in place. This lack of verification may…

Earlier this month, and for the first time, The Federal Trade Commission (FTC) took legal action via Section 5 of the FTC Act, against two individuals and three companies, compelling them to drop noncompete provisions. Citing the policy statement on “unfair competition,” the FTC further announced a proposed rule to…