Browse the articles below for helpful information on everything from mergers and acquisitions to estate planning and aviation law. These articles are written to help you begin to think about some of the legal tools and processes that can help you achieve your goals. They are not intended as legal advice. If you have any additional questions about the information presented in these articles, please reach out to our legal team to learn more.
CTA & BOI Reporting Update: Reinstated Requirements, Extended Deadlines & No Penalties – What You Need to Know
The CTA and BOI reporting requirements have faced repeated challenges since their implementation. After multiple updates over the last couple of weeks, [...]
When it Comes to Your Company’s Intellectual Property, Failing to Plan is Planning to Fail
Every business has important intellectual property (“IP”) that requires management and protection, even if the creation of IP is not your primary [...]
Following the unprecedented COVID-19 Pandemic, many of our entrepreneur and privately held clients are considering a sale of their closely held businesses [...]
ARE YOU INVESTING IN GREEN REAL ESTATE DEVELOPMENT? DON’T NEGLECT YOUR IP!
For residential and commercial developers, builders, designers, and architectural firms, intellectual property issues are just as important as the real property development [...]
The Limited Liability Company (“LLC”) has increased in popularity in Texas due to its personal liability protections and tax benefits, exponentially so [...]
Historically, Texas businesses have been affected by hurricanes, floods, tornadoes, and fires. This year, virtually every business has also had to deal [...]
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.
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