The reporting requirement under the Corporate Transparency Act took effect January 1, 2024. Now, most small businesses are required to report beneficial ownership information to the Financial Crimes Enforcement Network of the...more
Thoughtful succession planning can pave the way for a smooth transition and a thriving future for a company and its stakeholders. Here are a few techniques that business owners should consider....more
8/7/2023
/ Business Succession ,
Business Transfer Agreements ,
Buy-Sell Agreements ,
Closely Held Businesses ,
Estate Planning ,
Family Businesses ,
Gift-Tax Exemption ,
Irrevocable Trusts ,
Limited Liability Company (LLC) ,
Non-Controlling Interests ,
Recapitalization ,
Right of First Refusal ,
Succession Planning
On September 29, 2022, the Financial Crimes Enforcement Network (FinCEN) issued final regulations implementing the reporting requirements of the Corporate Transparency Act of 2020 (CTA) which will become effective on January...more