The Corporate Transparency Act: Widespread Application of Regulatory Requirements Beginning January 1, 2024, a majority of businesses will be required to disclose their Beneficial Ownership Information (“BOI”) to the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) to comply with the Corporate Transparency Act (“CTA”). The CTA, enacted as part of the Anti-Money Laundering Act,…
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Ready to incorporate? Delaware is likely the best option.
One of the initial decisions a startup founder must make is whether they establish a corporation in Delaware or opt to incorporate in their home state. For the reasons below, Delaware continues to be the preferred choice when a startup intends on raising external sources of capital to finance growth. The following factors highlight why…
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Professional Partnerships – 5 Key Provisions To Create A Healthy Partnership
A successful professional partnership, whether doctors or lawyers, accountants or architects, requires more than a group of skilled service providers practicing their craft together. A robust partnership agreement will protect your partnership’s financial position, maximize operational efficiencies and establish a path to longevity. This article addresses 5 key provisions for inclusion in a partnership agreement.…
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REPLACEMENT FOR PRIVACY SHIELD – DATA PRIVACY FRAMEWORK PROGRAM
REPLACEMENT FOR PRIVACY SHIELD DATA PRIVACY FRAMEWORK PROGRAM By: OlenderFeldman LLP; Michael J. Feldman, Esq. and Marguerite “Margo” Kneisser, Esq. August 8, 2023 With the EU-U.S. Privacy Shield Framework no longer available as a legal mechanism to transfer personal data from the EU/EEA/UK to the US (leaving most businesses to rely upon Standard…
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