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In law firm partnerships, 50/50 ownership is often attractive for its sense of balance and shared investment. However, equal ownership can bring significant challenges that may hinder growth and heighten the risk of conflict. These partnerships frequently encounter deadlock, strained relationships, and operational inefficiencies—all...
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’...
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....
A carefully crafted partnership agreement lays the groundwork for a successful and sustainable business relationship. It defines roles, responsibilities, and expectations while providing a framework to handle disputes and unforeseen challenges. In this blog, Tamara B. Pow – Founding Partner, of Strategy Law,...
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