Small Business Law Articles & Blog Posts
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Corporate Transparency Act: What is FinCEN?
Running a successful business involves a lot of tasks and responsibilities. One of the most crucial aspects of any business is handling the financial side of operations. As a business...
Alabama Federal Court Holds CTA Unconstitutional, but You Still Have to Report BOI to FinCEN!
The first of what we anticipate to be many court rulings on the CTA and FinCEN's enforcement ability, this case only enjoins FinCEN from enforcing as against the plaintiffs in this case.
Starting 1/1/2024, Small Business Owners Must Start Reporting To FinCen or Face Fines/Jail Time.
The Corporate Transparency Act, or CTA, goes into effect on January 1st, 2024. It requires “beneficial owners” of “new” (formed on 1/1/2024 or after) “small businesses” (less than 500 employees...
FinCEN BOIR Compliance: Powered by BOI-Labs
Law 4 Small Business (L4SB) is proud to announce that it has partnered up with BOI-Labs.com to deliver the most powerful and comprehensive set of tools for Beneficial Ownership Information...
The Corporate Transparency Act and You.
Recently, the United States congress passed the Corporate Transparency Act. This act requires U.S. corporations and limited liability companies (LLCs) to disclose their beneficial owners. This legislation will go into...
2024- The Year of The Operating Agreement
The Importance of Keeping Your Business’s Entity Documents Up to Date As a business owner, you are constantly juggling many responsibilities, from managing employees to handling client relationships and everything...
Free Webinar To Learn About the New Law That Will Effect Small Businesses in 2024.
The Corporate Transparency Act goes into effect on January 1, 2024. The new law requires “beneficial owners” of businesses to report their information to FinCEN. Failure to do so in a timely manner...
Anonymous LLC versus the Corporate Transparency Act of 2019 (H.R. 2513)
Anonymous LLC’s are Still Useful Under H.R. 2513, the Corporate Transparency Act of 2019 First, the good news: the Corporate Transparency Act of 2019 (HR 2513) does not eliminate the...
Beneficial Ownership Reporting Under the Corporate Transparency Act
Title LXIV of the Anti-Money Laundering Act, better known as the Corporate Transparency Act (or “CTA”), was passed by Congress in 2021. Going into effect on January 1st, 2024 the...
Corporate Transparency Act: What is a Reporting Company Applicant?
In January of 2024 FinCEN will require businesses to report beneficial ownership, as outlined in the Corporate Transparency Act. The legislation includes the term ” Reporting Company Applicant.” But what...
NM State Bar & L4SB Partner to Help Small Businesses With BOI Reporting
Attorney Larry Donahue explains why the process in correct reporting is not as easy as some might think. Earlier this month, Larry Donahue presented a seminar at the request of...
L4SB Featured in USA Today
Attorney Larry Donahue Discusses The Digital Age of Legal Services and Beneficial Ownership Reporting Attorney Larry Donahue was featured this month in a USA Today article discussing how the legal...