The U.S. Treasury’s Financial Crimes enforcement network (FinCEN) proposed the Corporate Transparency Act (CTA) in 2021 as part of the National Defense Authorization Act, aimed to combat money laundering and corporate fraud by mandating that
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March
26,
2024
|
07:50
December
01,
2023
|
09:22
On November 7, 2023, Ohio voters approved the initiated statute Ohio Rev. Code § 3780 (R.C. 3780) which provides for the legal sale and use of cannabis (marijuana) by individuals age 21 and over. While cannabis sales have been legal in Ohio since
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April
03,
2023
|
08:47
An operating agreement is a key governing document of a limited liability company (an “LLC”). By its nature, it is an internal, non-public agreement between the members of the company. Ohio law does not require an LLC to have an operating agreement
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December
29,
2022
|
09:07
We previously issued the following blog post advising of the U.S. Treasury’s Financial Crimes Enforcement Network’s (FinCEN) new rule requiring companies to report information on their beneficial owners. As advised, that rule is scheduled to take
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June
29,
2022
|
11:33
Purchasing a business is one of the most important financial decisions you make. Buyers-to-be are often asking us questions outlined below, which we hope will help guide you when considering a new business acquisition. Please note that every
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March
31,
2022
|
11:58
Selling your business is one of the most important financial decisions you will make as a business owner and there are a multitude of questions that arise with that consideration. Our corporate and business attorneys are often asked the questions
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June
29,
2021
|
09:16
Early this year, Ohio completed its overhaul of the Revised Code governing limited liability companies. The Ohio Revised Limited Liability Company Act (the “2021 Act”) became effective on April 12, 2021 but will not become applicable to Ohio limited
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December
28,
2020
|
11:52
Small business owners considering selling their business should be aware of the Procedural Notice No. 5000-20057 (the “Notice”) issued by the Small Business Administration (“SBA”) on October 2, 2020. According to the Notice, prior to selling more
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June
30,
2020
|
09:19
July 1, 2020 marks the beginning of a new era of free trade in North America under the United States-Canada-Mexico Agreement ("USMCA").
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June
30,
2020
|
09:18
In dealing with the financial impact of COVID-19, many businesses are looking to their insurance companies for assistance. Commercial insurance policies can cover certain events that cause temporary interruption in the normal course of business,
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