At Rainey Law, LLP, we pride ourselves on delivering top-tier legal services to both individuals and businesses in Oklahoma City and across the nation. With a focus on Business and Tax Law, Estate Planning, Trusts and Probate Administration, Litigation and Dispute Resolution, Personal Injury, Employment Law, Financial Transactions, Environmental and Intellectual Property, and Real Estate [...]
As you may have seen in the newsletters we sent regarding the Corporate Transparency Act (you can click the following links for a refresher: 1, 2, 3), there is a relatively new federal law that requires business owners to submit a Business Ownership Interest (“BOI”) Report to the U.S. Treasury Financial Crimes Enforcement Network. The [...]
Congress passed the Corporate Transparency Act on January 1, 2021. As mentioned in Part 1: “The Good” and Part 2: “The Bad”, it can be unclear whether you have a duty to provide a Beneficial Ownership Information report, and what (or who) all needs to be included in it. Unfortunately, this is not something any [...]
Congress passed the Corporate Transparency Act on January 1, 2021, which will likely be one of the biggest shifts in business law in decades. This Part 2 covers some not-so-good news related to the Corporate Transparency Act. Corporate Transparency Act As mentioned in Part 1: “The Good”, the Corporate Transparency Act requires “reporting companies” to [...]
Congress passed the Corporate Transparency Act on January 1, 2021, which will likely be one of the biggest changes in business law in decades. Given the substantial changes, we provide a three-part newsletter series to catch you up on the good, the bad, and the ugly. This Part 1 covers the good news related to [...]
