New Beneficial Ownership Information (Boi) Reporting Rules – What You Need to Know
On January 1st, 2024, the Financial Crimes Enforcement Network's (FinCen) Final Rule regarding Beneficial Ownership Information Reporting will take effect under the Corporate Transparency Act. The US Federal Government believes such rules are necessary to protect the financial system from abuse by illegitimate, corrupt, and criminal activities. However, such rules will require...
Understanding Will-Based Estate Plans: A Comprehensive Overview
Estate planning is crucial to organizing our lives, ensuring that our wishes are honored, and our loved ones are cared for after we are gone. Among the various approaches to estate planning, will-based strategies play a fundamental role. They provide a straightforward way for individuals to express their intentions, take care of...
Twitter vs. Meta: Trade Secrets Theft Allegations Amidst Threads Launch
Twitter is an American social media website founded in 2006 by Noah Glass, Biz Stone, Evan Williams, and Jack Dorsey. The website allows users to send short posts, limited to 280 characters, known as “tweets," to their follower's feeds.
Twitter has gained...
Raising Capital in 2023 – Trends and Predictions for the Future
Investment is a core pillar of economic growth. Fluid and easy access to investment capital allows firms to grow their businesses, develop new technologies, advance into new sectors, and hire more workers. Private and public capital markets serve an important and critical function in efficiently allocating capital.
Capital, broadly speaking,...
Importance of Brand Identity in Mergers & Acquisitions
A brand's identity is its outward appearance and reputation to consumers; typically, it includes visual aids like logos, slogans, and the reputation that brands cultivate within the community.
Some classic and readily identifiable brand identities are attached to companies like Coca-Cola and Ben & Jerry's. You read the words...
How the US Hopes to Use Midstream Infrastructure to Gain Energy Independence
American energy independence has been a critical goal of US policymakers since at least President Dwight D. Eisenhower who imposed quotas on energy importations. But despite this focus, the United States, for decades, had relied on foreign energy sources for domestic consumption.
However, the United States has experienced a...
Can Landlords Be Held Responsible for Unlicensed Marijuana Dispensaries in Colorado?
In 2012, the State of Colorado legalized retail marijuana use by those over the age of 21 through an amendment to the state constitution (Amendment 64). Since its legalization, the state has promulgated many rules and regulations pertaining to the sale of retail marijuana.
What restrictions apply...
How Will the Supreme Court’s Affirmative Action Decision Impact Nonprofits?
The Supreme Court's recent decision on affirmative action in Students for Fair Admissions v. President and Fellows of Harvard College has far-reaching implications for educational institutions and nonprofit organizations promoting diversity, equity, and inclusion. This article summarizes the Supreme Court's decision and its potential effects on nonprofits, including how they may need to...
Who Should Be a Part of a Non-profit Board?
Non-profits are legal entities that exist to address an important social purpose; they are often charitable and have missions relating to research, education, and/or community aid. Typically, non-profits are registered as 501(c)(3) organizations to receive tax-exempt status from the IRS. Charitable organizations are vital to the social and economic vitality...
Employment Laws and Cannabis Use
In the ever-evolving landscape of cannabis legalization, the intersection of cannabis use and employment laws has become a focal point of legal deliberation and social discourse. With changing perceptions and attitudes toward cannabis consumption, legislative measures have undergone significant transformations to safeguard the rights of individuals who use cannabis responsibly. This article...