The Corporate Transparency Act: What Business Owners Need to Know

In an effort to combat the proliferation of anonymous shell companies used for criminal purposes in the United States, Congress enacted the Corporate Transparency Act (the “CTA”), which requires Reporting Companies to report personal identifying information about the Beneficial Owners and Company Applicants to the Financial Crimes Enforcement Network (“FinCEN”), which will maintain the personal identifying information in a secure database for use by governmental authorities and certain financial institutions.

What is a Reporting Company?

Reporting Companies include domestic corporations, limited liability companies, or other entities created by filing with a secretary of state or similar office under the laws of a state or an Indian tribe and corporations, limited liability companies, or other entities formed under the laws of a foreign country that has registered to do business in the United States. Continue reading

WEBINAR: 3 Key Issues for Maryland Business Owners in 2024

Complimentary Webinar for Maryland Business Owners: Tuesday, January 16, 2024, 10:00 – 10:45 a.m.

Maryland companies face new and evolving obligations in 2024. Prepare your business now by understanding the issues most likely to affect your organization’s financial and legal positions.

Join us for this complimentary webinar on three key developments that business owners should be thinking about in 2024. We will provide an overview of:

  • MarylandSaves, a new retirement program created by the state of Maryland
  • Corporate Transparency Act (CTA), which was passed to enhance transparency in entity structures and ownership to combat illicit activities
  • Maryland Family Paid Leave, which guarantees workers the right to up to 12 weeks of paid, job-protected leave to attend to family matters
REGISTER NOW

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Kaitlin Corey Joins Board of Discovery Center at Water’s Edge

Kaitlin Corey - Business and intellectual property lawyer at Goodell DeVries

Kaitlin Corey – Business and intellectual property lawyer at Goodell DeVries

Intellectual property lawyer Kaitlin Corey has been appointed to the Board of the Discovery Center at Water’s Edge (DCWE).

DCWE is a trailblazing educational institution dedicated to nurturing a lifelong love of learning and exploration in STEM. Its mission is to create an inclusive environment where people of all ages can engage with interactive science exhibits, attend enriching workshops, see new technology, learn about the local science heritage, and discover the fascinating world of STEM. Continue reading