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Quick Reference Guide: California Future File Date & Future Effective Date

The California Secretary of State's office has issued guidelines for what filing types are eligible to receive a future file date or a future effective date. Use the handy chart below to determine the eligibility of your document! Questions? Be sure to[..]

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MYTHBUSTERS: Don’t Get Fooled by These Common UCC Searching Myths!

A UCC search provides critical information about an individual or business entity’s existing liens and other financial obligations that could affect their ability to repay debts. For lenders, a UCC search will help uncover any existing claims to the[..]

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Important New Ruling Regarding the Corporate Transparency Act

On March 1, 2024, a U.S. District Judge in Alabama issued a judgment declaring that the Corporate Transparency Act (CTA) is unconstitutional because it exceeds the Constitution’s limits on Congress’ power. Further, FinCEN is permanently enjoined from[..]

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Updating Beneficial Ownership Information with FinCEN

In previous blog posts, we've addressed the immediate changes taking effect in January of 2024. The Corporate Transparency Act (CTA) not only alters the process of establishing a new business entity, it also mandates that Beneficial Ownership[..]

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FinCEN Extends Deadline for Companies Created or Registered in 2024 to File BOI Reports

THIS JUST IN: The Financial Crimes Enforcement Network (FinCEN) is extending the deadline for certain reporting companies to file their initial beneficial ownership information (BOI) reports. Specifically, reporting companies created or registered in[..]

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Business Lawyers, the Corporate Transparency Act and New York State’s Response

Our guest blog post, authored by Tom Pitegoff, was previously published as an article in the New York Law Journal under the title, “Business Lawyers, the Corporate Transparency Act and New York State’s Response.” Published on August 2, 2023, in the[..]

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Businesses Beware: Penalties for Failure to Comply with Reporting Requirements of the Corporate Transparency Act

Today on the CLAS blog, we are pleased to bring you an article written by Norris McLaughlin, P.A. Associate Rocco Beltrami and co-authored by Member, John Lushis. Jr. Mr. Beltrami and Mr. Lushis Jr. offer an overview of the Corporate Transparency Act[..]

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What is the New Beneficial Ownership Information (BOI) Reporting and How Does it Affect Your Business?

Today, our blog features an article written by Norris McLaughlin, P.A. Associate Samuele Riva and co-authored by Member, Jeff Cassin. Mr. Riva and Mr. Cassin offer an overview of the Beneficial Ownership Information Reporting and the Corporate[..]

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What Constitutes a Reporting Company Under the Corporate Transparency Act?

With the new federal reporting requirements under the Corporate Transparency Act (CTA) set to take effect on January 1, 2024, it’s critical to understand if your business is a Reporting Company, since this will determine whether or not a Beneficial[..]

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A Simple 4-Part Plan for Returning an Entity to Good Standing

It’s important for a business entity (Corporation, LLC, etc.) to maintain its good standing status with the Secretary of State or equivalent filing office in every state where it is authorized to transact business. Being in good standing means that the[..]

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