The BOIR requirement has been canceled for domestic businesses FinCEN announced on February 27, 2025, that it will pause enforcement actions and not issue fines or penalties against companies for failing to file or update beneficial ownership information reports (“BOIR”s): FinCEN Not Issuing Fines...
Giving to charities has been a pillar of American philanthropy, supporting communities and causes all around the world. But the IRS now warns of a concerning trend: an increase in scams that use fake charitable contribution schemes to target taxpayers. These frauds harm taxpayers’...
Whether starting a new company, planning for succession, or managing ownership transfers, a buy-sell agreement is a key legal instrument. Every business owner should understand how the agreement operates, as it is a fundamental component of business law that protects the interests of both...
BREAKING NEWS: MARCH 21 DEADLINE FOR EXISTING COMPANY CORPORATE TRANSPARENCY ACT REPORTING If you have not already satisfied FinCEN’s Corporate Transparency Act filing requirements for your business entity, now is the time. FinCEN announced today that following a recent US District Court decision, beneficial...
Securing Financial Stability: How a Financial Attorney Guides Banking and Debt Finance Success Businesses and financial institutions require specialized legal expertise to navigate complex transactions, mitigate risks, and ensure compliance with regulatory frameworks in the dynamic banking and finance sector. Banking and finance attorneys...
The tax law will keep changing as the year progresses. One important change so far is the addition of IRS Form 15620, which will make 83(b) election filing easier. Early-stage workers, business entrepreneurs, and those negotiating equity pay may be impacted by this development....
Business Partnership Breakups: Safeguarding Your Rights and Future Partnerships often lay the foundation for thriving businesses, but not all partnerships are built to last. Ending a business partnership can be challenging, emotionally taxing, and financially burdensome. Without the right legal guidance, disputes, revenue loss,...
Navigating Leave Entitlements and Protections Under CFRA By: Leiann Laiks, Esq. In California, the CFRA ensures certain protections for employees, offering 12 weeks of unpaid, job-protected leave each year under specific conditions: Employer Requirements: Employers with five or more employees must offer CFRA to...
Exploring Employee Rights and Employer Responsibilities By: Leiann Laiks, Esq. The question of whether California employers can mandate doctor’s notes for sick leave is a bit murky. While the law isn’t entirely settled on this issue, here’s what businesses need to know: Employee Rights:...
Stay Ahead of the Curve: Best Practices for PAGA Compliance For employers operating in California, the Private Attorneys General Act (PAGA) has been a significant concern for the past 17 years. Dubbed “the Bounty Hunter” statute, PAGA empowers employees to sue their employers for...