Business Law
ALERT: Nationwide Stay Against CTA is Back On
In an interesting turn of events, on December 26, the U.S. Court of Appeals for the Fifth Circuit vacated (i.e. nullified) its December 23 ruling that reinstated the requirement to comply with the Corporate Transparency Act (“CTA”) and its beneficial ownership interest reporting requirements by January 13, 2025. The Fifth Circuit essentially revived the preliminary…
Read MoreALERT: Court of Appeals Reinstates Enforcement of CTA—New Filing Deadline is 1/13/2025
Well, the saga continues…. Yesterday (December 23), the Fifth Circuit Court of Appeals lifted and negated the nationwide stay issued in Texas Top Cop Shop, Inc. et al. vs. Garland. This means companies must again comply with the Corporate Transparency Act (“CTA”), unless exempt, and file a beneficial ownership interest report (“BOIR”), or face steep…
Read MoreImportant Update: Federal Court Halts Enforcement of Corporate Transparency Act Filing Requirements
On December 3, 2024, a major legal development occurred regarding the Corporate Transparency Act (CTA) that affects businesses across Ohio and the U.S. In the case Texas Top Cop Shop, Inc. et al. v. Garland, a federal district court in Texas issued a preliminary injunction that temporarily halts the enforcement of the CTA’s requirement for…
Read MoreSmall Business Tax Code and Business Regulation Changes in 2025: What Ohio Business Owners Need to Know
As we approach 2025, small business owners in Ohio must prepare for significant changes to the tax code and business regulations that could impact their operations. Understanding these upcoming changes is crucial for strategic planning and compliance. Here’s a breakdown of what to expect and how to navigate these adjustments. 1. Revised Limits to the Section…
Read MoreSmall Business Alert: You must now file with FinCEN
You may be aware from our earlier notifications and posts, but beginning January 1, 2024, you may be required to submit certain information that was not previously required about a business entity and any individuals identified by the law as a beneficial owner to the federal government. We are reaching out to help you better…
Read MoreBUSINESS ALERT: Business owners must now disclose beneficial ownership to the federal government
Congress recently passed a law requiring the disclosure of certain information regarding the ownership and control of entities created through state filings. Business owners will do well to comply in order to avoid steep penalties.
Read MoreOhio updates law to include Benefit Corporations (“B Corporations”)
While the Dolan family may not be the most popular one in Ohio in light of recent baseball transactions (e.g., changing the Cleveland Indians’ team name, trading all-star Francisco Lindor to New York), one Dolan has undisputedly improved the Buckeye State. Senator Matt Dolan sponsored a senate bill that was signed into law by the Governor in…
Read MoreWhat’s Your 2019 Business Conditioning Plan?
Don’t end 2019 saying: “Well, there’s always next year.” The final numbers are in for the 2018 business season. Were you as prosperous as you thought or planned to be when the clock ran out for the year? Every business needs a championship business conditioning plan for 2019 and Mulhall Zion is ready to help…
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