The Corporate Transparency Act (CTA), which came into effect January 1, 2024, requires that “reporting companies” doing business in the United States disclose information about their beneficial owners to the Financial Crimes...more
Captive insurance companies are likely exempt from filing a Beneficial Ownership Information (BOI) Report under the insurance company exemption to the Corporate Transparency Act (CTA). Likewise, companies that are owned by...more
5/30/2024
/ Beneficial Owner ,
Captive Insurance Company ,
Compliance ,
Corporate Governance ,
Corporate Transparency Act ,
Exemptions ,
FinCEN ,
Insurance Industry ,
Parent Corporation ,
Popular ,
Reporting Requirements ,
Subsidiaries
Since 1986, Section 102(b)(7) of the Delaware General Corporation Law (“DGCL”) has allowed corporations to include an exculpation provision in their certificate of incorporation that eliminates or limits the personal...more
4/24/2023
/ Amended Legislation ,
Board of Directors ,
Certificates of Incorporation ,
Corporate Governance ,
Corporate Officers ,
Delaware General Corporation Law ,
Exculpatory Clauses ,
Personal Liability ,
Share Class Structures ,
Shareholder Litigation ,
Shareholders