Musgrove Law Firm, P.C. provides quality legal representation to businesses and individual clients in a multitude of complex and routine matters. Our combined 70 plus years of experience includes corporate and commercial transactions involving business organization formation and structure, mergers and acquisitions, banking oil and gas, estate and tax planning, general corporate representation and other commercial transactions.
Musgrove Law Firm, P.C. also assists clients in partnership and business disputes and federal and state and local tax disputes. In addition, the firm represents individuals before administrative boards and tribunals.
Client Appreciation
At Musgrove Law Firm, P.C. we recognize that our clients are the reason for our existence. Accordingly, through collaboration and consultation with our clients, we strive to achieve efficient, timely, cost-effective and goal-oriented results. We seek to be true business advisors in addition to attorneys. We recognize our clients have choices to make when it comes to quality business legal representation, and we strive to continue to earn your confidence. In this regard, we believe our clients should be provided with cost-effective solutions and alternatives early on. Our primary goal as legal counsel is to establish a long-term relationship with our valued clients.
Our efficient size allows Musgrove Law Firm, P.C. to offer traditional hourly rates, blended rates, fixed fees or incentive-based fee arrangements. Our firm was founded on the principles of providing experienced, talented legal services to our clients at a fair price. Our founder, H. Len Musgrove, Jr., has been recognized by his peers as an AV Rated Preeminent attorney.
Beneficial Ownership Information Reporting Requirement Revisions and Deadline
On March 21, 2024, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that significantly narrows the scope of beneficial ownership information (BOI) reporting requirements.
Under the revised rule, only companies formed under the law of a foreign country and registered to conduct business in the United States are considered “reporting companies” subject to the Corporate Transparency Act (CTA) BOI filing requirements.
The revised rule removes the requirement that U.S. companies and U.S. persons report BOI to FinCEN. The rule also removes the requirement that foreign companies report BOI for U.S. persons. Additionally, the rule extends the previously set March 21, 2025, BOI report filing deadline by 30 days, and requires newly registered foreign companies to file a BOI report within 30 days after receiving notice that their registration is effective.
Although the interim rule is effective immediately, FinCEN has implemented a 60-day public comment period, and intends to issue a final rule before the end of the year.
Please contact our paralegal, Emily Foster at [email protected] for assistance! 214-615-4143
