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What Does the Corporate Transparency Act Mean to Me and My Business?

A few years ago, Congress passed the Corporate Transparency Act, 31 U.S.C. 5336 (“CTA”), which established certain required information filings with the U.S. Treasury Financial Crimes Enforcement Network (“FinCEN”).  The purpose of the CTA is to create a national database of companies in the U.S. that identifies the people behind the companies (both owners and

Business Obligations Under the Corporate Transparency Act: What You Need to Know

The Corporate Transparency Act (CTA) was enacted to enhance corporate transparency and combat illicit activities such as money laundering and tax evasion. While the primary focus of the CTA is unearthing those involved in illicit activities, most businesses fall under the broad reach of the new legislation. With an effective date of January 1, 2024

Breaches of Fiduciary Duties in Closely Held Companies

In Washington State, closely held companies are those in which the ownership is concentrated among a small number of shareholders. These companies may also be family-owned or held by a group of individuals who have a relationship with one another beyond just being co-owners. While these companies may have a different dynamic than public corporations,

Legal Concerns of Real Estate in the Metaverse: Navigating the Virtual Frontier

The concept of the metaverse, a virtual world where users interact with digital environments and each other in immersive ways, has gained significant attention in recent years. With advancements in virtual reality (VR) and augmented reality (AR) technologies, the metaverse is becoming more accessible and has the potential to revolutionize various industries, including real estate.

Commercial Tenant Evictions and What You Need to Know in Seattle

Mayor Bruce Harrell officially ended the City of Seattle Civil Emergency Proclamation on October 31, 2022, which affects the requirement for landlords to negotiate payment plans with commercial tenants that qualify as a small businesses or nonprofit organization. Despite the end of the eviction moratorium and the lifting of  the COVID-19 Emergency Orders, commercial landlords

Breaking a Commercial Lease: Things to Consider Before Termination

The world is transforming in the post-covid era and business needs are evolving as consumer habits change.  These changes can directly impact the space where you conduct business and have you contemplating what to do about one of your business’ largest expenses.  Whether your company is growing and in need of a new space to