Significance of the CTA is that by January 1, 2025 most of the small and medium sized businesses are required to report information about their natural owners or face “$500 per day civil penalty and up to $10,000 in fines and 2 years in federal prison.”
Category: <span>Corporate Law</span>
Our Customs Broker License Examination (CBLE) classes and case-specific international trade support may have become more affordable for small and medium businesses in New York City. New York City based…
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Discussion focusing on §1110 of the Coronavirus Aid, Relief, and Economic Security Act, also known as CARES Act. The section focuses on Economic Injury Disaster Loan (“EIDL”), which also contains…
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Discussion focusing on Sections 1102 & 1106 of the Coronavirus Aid, Relief, and Economic Security Act, also known as CARES Act. CARES Act Sec. 1102 covers essentials for obtaining loan…
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Legal resource entities – Thomson Reuters and Walters Kluwer – launched free resource portal, which can be useful to practitioners. In addition to news updates related to specific area of law,…
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Coronavirus outbreak brought a chaos to a modern world of specialized division of labor and production. Disruption in the supply chain in one part of the world today will affect…
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An interesting issue came to the attention of our office: apparently, some courts deny pro se (self-represented) appearance to sole proprietors for bringing issues arising out of their business. So…
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Generally speaking, foreign companies (e.g. Delaware or other non-N.Y. corporations or companies) that are doing business in New York are required to register with N.Y. Department of State. N.Y. BCL §…
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