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FinCEN issues final rule implementing the reporting requirements of the Corporate Transparency Act

By Sandra Feldman, Publications Attorney, CT Corporation

The Corporate Transparency Act (CTA) requires “reporting companies” to file a report with the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) containing personal identifying[..]

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California Temporarily Reduces Business Entity Filing Fees to $0

With the enactment of the new California state budget, filing fees for California and out-of-state Corporation, LLC and LP initial filings are $0 for the period of 7/1/2022 through 6/30/2023. This is the result of a legislative effort to encourage new[..]

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Understanding the Role of Independent Directors in Corporate Governance

What is an Independent Director?

Independent Directors serve on boards of special purpose entities (SPEs) or other business entities to safeguard assets. The primary responsibility of an Independent Director is to prevent otherwise solvent SPEs from[..]

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Your Guide to Year-End Corporate Compliance

At the end of each year, it's important to take a look at the portfolio of business entities you manage and make sure that you've satisfied all of your corporate filing and reporting obligations and resolved any outstanding compliance issues. CLAS has[..]

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Follow These Simple Dos and Don’ts for Pain Free Foreign Qualifications

Coordinating a foreign qualification for your client requires careful planning and a keen attention to detail as mistakes in the process can delay document filing and cost the business valuable time and money. In this article, we provide a few simple Dos[..]

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MYTHBUSTERS: Don't Get Fooled by These Common Business License Myths!

Whether setting up a brand new business or expanding an existing one, it is critical to manage business license requirements carefully. Failing to obtain or renew a business license or permit can lead to costly penalties and other negative[..]

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Everything You Need to Know to Qualify a Foreign Corporation

When a corporation is growing and expanding into a new geographic region, it can be difficult to determine if it is necessary to formally qualify in the new state - and figuring out how to facilitate the qualification can be daunting. In this article, we[..]

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A Simple 4-Part Plan for Maintaining Corporate Compliance

It’s important for a business to maintain corporate good standing. Being in good standing means that the business has satisfied all of the statutory requirements that have been imposed on it by the state.

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Everything You Need to Know to Register a Foreign LLC

When a Limited Liability Company (LLC) is growing and expanding into a new geographic region, it can be difficult to determine if it is necessary to formally register as a foreign LLC in the new state - and figuring out how to facilitate

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DID YOU KNOW? A California Provision Grants New Entities Relief from the Annual Minimum Tax

If you are preparing to file paperwork with the California Secretary of State's office to establish a new business entity, please take note! There is a provision in California law that provides newly established business entities

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