Corporate Governance
July 25, 2024

- By Sandra K Wilson, JD

Part II of this three part CTA series discusses what entities qualify as a “reporting company” under the CTA to help you determine whether your company is subject to mandatory reporting.  We also examine who qualifies as a “beneficial owner” or “company applicant” under the Act as well as discussing the subsidiary exemption. Is your Company a “reporting company” subject to mandatory reporting? Under the Corporate Transparency Act...

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Corporate Governance
July 18, 2024

- By Sandra K Wilson, JD

According to the newly enacted Corporate Transparency Act (“CTA” ), more than 2,000,000 new business entities are formed each year in the United States under state laws; however, most states do not require identification of or personal information on the beneficial owners of the entities being formed.  As a result of the lack of details required by the states, some entities intentionally conceal their ownership in...

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Corporate Governance
December 8, 2021

- By Jacquelyn Jordon Core, JD, PhD, Michael T. Voytek, and April Slokan Oliverio

Series LLCs, being relatively new, have been the subject of discussion, promotion, and criticism.  Here we discuss some of the pros and cons of forming a series LLC. Pros: The pros of forming a series LLC significantly outweigh the cons.  Some of the main reasons people gravitate toward this structure are as follows: Only one entity needs to be formally created in a state with a series LLC statute,...

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Corporate Governance
November 19, 2021

- By Michael T. Voytek, Jacquelyn Jordon Core, JD, PhD, and April Slokan Oliverio

The general concept of series limited liability companies remains relatively new.  Both like and unlike a regular LLC, the series LLC can be a means to fence assets and liabilities with some distinct advantages (including tax advantages) and, admittedly, with a few disadvantages.  In this two part series we will discuss what a series LLC is (and is not) and the pros and cons of using...

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