What We Know So Far About New York’s LLC Transparency Act The New York LLC Disclosure Law (“NYDL”), set to take effect on January 1, 2026, mandates qualifying “reporting entities” to submit details about their “beneficial owners” to the New York Department of State (“DOS”). On March 1, 2024, New York…
What Is a Registered Agent — and Why Do You Need One? Running a business involves numerous responsibilities, yet many entrepreneurs fail to recognize the importance of maintaining a registered agent. You might ask yourself: What happens if you don’t have a registered agent? The simple answer is — nothing positive. Not having…
Delaware’s 2025 Business Entity Amendments What You Need to Know. Amendments to General Corporation Law Delaware Governor Matthew S. Meyer signed Senate Bill 95 (SB 95) into law on June 30, 2025. The bill modifies Title 8 of the Delaware General Corporation Law (DGCL) and becomes effective August 1, 2025. SB…
Why UCC Due Diligence Could Save Businesses from Hidden Risks Modern business statistics paint a concerning picture: more than 60 percent of mergers and acquisitions diminish shareholder value, and only half achieve their main goals. These numbers demonstrate why UCC due diligence serves as a vital shield for business interests and helps avoid decisions…
Federal Intellectual Property Due Diligence: Moving Beyond UCC and Lien Searches In transactions, verifying IP ownership and status is as vital as performing due diligence for UCC financing statements and statutory liens. For comprehensive due diligence, lenders must evaluate the significance of federal intellectual property in their deals. …
Why Voluntary Compliance with BOI Regulations is Important. The rules for Beneficial Ownership Information (BOI) reporting have undergone significant changes. A federal court ruling has temporarily suspended mandatory filings, meaning businesses are not currently required to submit BOI reports to the Financial Crimes Enforcement Network (FinCEN). However, companies retain the option to comply voluntarily with…
Annual vs Biennial Reports understanding the difference and when to file Did you know that over 200,000 businesses lost their good standing status last year simply because they missed their report filing deadlines? For many business owners, understanding when and how to file your annual or biennial report feels like solving a complex puzzle.…
A Comprehensive Guide to Foreign Corporation Qualification When businesses expand their operations into new states, determining whether formal qualification is required in these territories can be challenging—and navigating the qualification process itself can seem overwhelming. This guide provides valuable insights into the circumstances that might necessitate foreign entity qualification, along…