Posts Tagged ‘Business Ownership’
Important 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 MoreWhat the 2024 Election Will Mean for Small Businesses in Ohio
As election day draws near, small business owners across Ohio are closely watching the candidates and their platforms. With critical issues at stake, the election could have significant implications for local businesses. Here’s a look at key areas that could affect small businesses in the Buckeye State. 1. Regulatory Changes One of the most immediate concerns…
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.
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