Read Business Law Update to stay up to date on legal issues that impact public and private companies on a local, national and global basis. Articles in this issue include:
Business Perspectives
Back on the Beach (or Shore)
In this edition of Business Perspectives, Frank Chaiken, Corporate Transactions & Securities practice group leader, highlights investments in new factories for a range of products and related spending on public infrastructure to support a resurgence of domestic manufacturing activity. Read more.
General Corporate
Corporate Transparency Act Requires Filing Reports with FinCEN in 2024
Last fall, the Treasury Department’s Financial Crimes Enforcement Network finalized regulations to implement the Corporate Transparency Act, which establishes uniform reporting requirements for certain businesses created in or registered to do business in the United States and authorizes FinCEN to disclose reported information to government authorities and financial institutions in order to assist law enforcement in combating corruption, money laundering, terrorist financing, tax fraud and other illicit activity. The regulations become effective January 1, 2024. Continue reading.
Private Companies
Equitable Outcomes: Corporate Considerations in Employee Equity Programs
Leaders of many companies, especially growing companies, explore employee share ownership as a means of rewarding and retaining existing employees and attracting new talent. In this article we offer a brief overview of items companies should consider when thinking about providing equity to employees. Read the article.
New Ventures
We’ve Got 53 Problems and the State-by-State SSBCI Schema Is All of Them
The State Small Business Credit Initiative set forth the amounts of capital that each state, territory, the District of Columbia and tribal government would be allocated from the American Rescue Plan Act, but left it to the respective governing authorities to determine how the dollars would be deployed in each jurisdiction. For emerging fund managers seeking to invest in traditionally underrepresented founders, the multiple distinct application processes and compliance regimes being proposed have created only confusion. Read more.
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