Presently, forming a corporation, LLC or other entity in the U.S. can be done on a largely anonymous basis, without naming its owners and with only limited disclosures about managers, officers and directors. Under...
This article was originally posted on November 30, 2023 and has been updated to reflect changes that went into effect in 2024. The Corporate Transparency Act ( CTA ) took effect on January 1...
The article was orginially posted on November 28, 2023 and has been updated to reflect changes that took effect in 2024. During 2024 the Corporate Transparency Act ( CTA ) and related CTA Rule...
The Corporate Transparency Act became effective January 1, 2024 and will require more than 30 million U.S. entities to register in 2024 with FinCEN (a bureau of the U.S. Treasury Department). Most large companies...
The article was originally posted on November 29, 2023 and has been updated to reflect changes that went into effect in 2024. Under the Corporate Transparency Act ( CTA ), more than 30 million...
Recent Development On March 1, 2024, a federal court in Alabama ruled that the Corporate Transparency Act violates the U.S. Constitution and is unenforceable on its face. The decision ( NSBU v. Yellen...
This is an update to the August 18, 2023 article published on the Maine Venture Fund's website. The article on this site was orginally published on November 27, 2023 and has been updated since...
What you need to know : On October 4, 2023, Governor Healey signed the “Act to Improve the Commonwealth's Competitiveness, Affordability, and Equity.” The Act provides $1 billion in tax relief to residents and...