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In partnerships, unexpected exits can disrupt a firm’s stability, both financially and operationally. Without proper planning, the departure of a partner can lead to complications in client relations, firm management, and even reputation. This blog, featuring insights from Tamara B. Pow – Founding...
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...
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...
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,...
BREAKING NEWSYET ANOTHER CORPORATE TRANSPARENCY UPDATE By: Tamara B. Pow, Esq. January 28, 2025 The U.S. Supreme Court stayed the preliminary injunction on Beneficial Ownership Information Reports (“BOIR”s) issued by a federal district court in Texas Top Cop Shop Inc. v. McHenry. ((January 23, 2025) U.S. Supreme...
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