Industry News

Posted on September 9, 2024, by Elisa Jean-Newman in Business Compliance, Industry News.

With the deadline quickly approaching, nearly 30 million businesses will need to submit beneficial ownership information (BOI) reports from September to December 31, 2024. To help business owners across the nation understand the filing requirement, the US Treasury Department and … Read more

Posted on May 7, 2024, by Elisa Jean-Newman in Business Compliance, Industry News.

Effective July 1, 2024, North Carolina will no longer require professional privilege licenses outside of loan or finance companies. The previous statute required every individual in North Carolina to obtain a privilege license before practicing a profession or engaging in … Read more

Posted on January 25, 2024, by Elisa Jean-Newman in Business Compliance, Industry News.

In an effort to enhance corporate transparency and combat illicit activities, the Corporate Transparency Act (CTA) was put into effect on January 1, 2024, at the federal level. However, LLCs in New York need to be aware of the recent … Read more

Posted on January 22, 2024, by Elisa Jean-Newman in Business Compliance, Industry News.

Entities registered in Alabama must be aware of the recent amendment to the annual report requirement. This blog post will provide an overview of the previous requirements, explain the changes made, discuss the filing process, and offer tips for success.… Read more

Posted on December 21, 2023, by Elisa Jean-Newman in Industry News, Nonprofit Compliance.

While the CTA primarily targets for-profit businesses, it’s estimated that 2.4 million nonprofits will be impacted by the new legislation. The CTA aims to combat money laundering, terrorism financing, and other illicit activities by mandating the disclosure of beneficial ownership … Read more

Posted on December 20, 2023, by Elisa Jean-Newman in Business Compliance, Industry News.

The clock is ticking, and the deadline for beneficial ownership information (BOI) reporting is fast approaching. The Corporate Transparency Act (CTA) has brought about significant changes in the regulatory landscape and may have real impacts on teams across your organization. … Read more

Posted on December 4, 2023, by Elisa Jean-Newman in Business Compliance, Industry News.

We’re less than a month away from the Corporate Transparency Act (CTA) coming into effect. While it may feel like Beneficial Ownership Information (BOI) reporting requirements have come out of nowhere, the rules have been developing over several years. This … Read more

Posted on November 29, 2023, by Elisa Jean-Newman in Business Compliance, Industry News.

The Financial Crimes Enforcement Network (FinCEN) has announced a final rule granting an extension to the deadline for selected reporting companies to file their initial reports on beneficial ownership information (BOI). Companies established or registered in 2024 will now have … Read more

Posted on October 24, 2023, by Elisa Jean-Newman in Business Compliance, Industry News.

In the fast-paced world of Architecture, Engineering, and Construction (AEC) firms, mergers and acquisitions (M&A) have become increasingly common. These strategic moves can provide numerous benefits, such as expanding market share, diversifying services, and increasing competitiveness. However, amidst the excitement … Read more

Posted on June 5, 2023, by Sharon Cody in Fundraising and Grants, Industry News, Nonprofit Compliance.

Most states require specific charitable organizations to submit audited financial statements each year. These audits are required in connection with charitable registration. This means organizations who solicit in multiple states must comply with numerous state audit requirements. The specific threshold … Read more