The Fifth Circuit Court of Appeals hit pause again on the reporting requirements of the Corporate Transparency Act (CTA), continuing a recent series of baffling legal developments. Specifically, on December 26, 2024, the Fifth Circuit reinstated the nationwide...
Content By Steven C. Bersticker
Common Mistakes New Business Owners Make & How to Fix Them
Starting a new business? The U.S. Bureau of Labor Statistics indicates that 20% of new businesses fail in the first two years, and that 45% fail in the first five years. As daunting as those figures may seem, there are measures you can take to avoid having your new...
Corporate Transparency Act Revisited: Businesses Need to Prepare as Final Rule Takes Shape
Back in February, we issued a three-part series on the Corporate Transparency Act (CTA). The series of articles outlined the details and implications of the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) Dec. 8, 2021 rule proposal to...
Ohio’s New LLC Act: Ensure Your Business is In Compliance
The start of 2022 is here, and in addition to the usual beginning-of-year tasks for businesses, every LLC organized or qualified to do business in Ohio should familiarize itself with Ohio’s Revised Limited Liability Company Act (“New LLC Act”), which is now set to...
Helping your Company Stay “Organized:” Updating Organizational Documents under the Revised Ohio Limited Liability Company Act
An LLC should run like a reliable car—without hitches and hiccups that could interrupt business and put company assets at risk. Maintenance and fine-tuning of an LLC’s organizational form should also be as routine as car maintenance. As such, it is important to check...
Earnouts – More of a Gamble Than You May Think
When the parties to the sale of a business are unable to agree on price, the buyer may attempt to bridge the valuation gap by offering to pay the seller an amount in addition to the purchase price – if the business is able to achieve certain earnings or other...