FAQ: Corporate Transparency Act Update (12/26/2024)1. What is the current status of the CTA? The enforcement of the reporting requirement has been reinstated and is now back in effect. 2. What are the applicable deadlines to file?a. Companies created or registered before January 1, 2024, must file by January 13, 2025 (previously January 1, 2025). b. Companies created or registered on or after September 4, 2024, with deadlines between December 3, 2024, and December 23, 2024, m

In every sale transaction, among the initial considerations to be addressed is the impact of the potential structure of the transaction on the ongoing conduct of the business being sold. Generally speaking, determining the appropriate transaction structure is a function of tax, continuity of business operations and legal liability. Critical in that determination is understanding whether key customer, vendor or other commercial contracts contain restrictions on transfer or a

One of our valued business relationships, Haefele Flanagan is offering a seminar for family-owned businesses on tackling the thorny issues associated with growth, transition and exit within the family dynamic. To be held virtually on Wednesday, March 26th 8:00 AM If you are interested in attending, please register via the link below. REGISTRATION: Join Us - The Family Business Exchange

On March 26, 2025, FinCEN issued an interim final rule removing the beneficial ownership reporting requirement for domestic U.S. persons & entities under the Corporate Transparency Act. The definition of “reporting company” will now be limited to entities formed under the law of a foreign country and that have registered to do business in the United States. Foreign entities that do not qualify for an exemption from the reporting requirements must report their BOI to FinCEN un

The Firm is pleased to announce that several of its attorneys have been recognized by Super Lawyers 2025 Magazine:OlenderFeldman Super Lawyers 2025

Concierge medicine is a membership-based approach to practicing medicine that can have significant benefits for medical practices scenarios. It offers patients expanded, expedited, and more personalized primary care, and gives physicians more time to collaborate with patients. A hybrid approach to “membership medicine” can help medical practices and physicians address challenges related to creating new or additional revenue streams. Concierge medicine can also benefit practit

Artificial Intelligence (AI) is transforming businesses across all sectors, offering enhanced efficiency, analytics, and decision-making capabilities. However, alongside these benefits come considerable risks, particularly when sensitive and confidential business information becomes unintentionally public. Companies must understand these risks and adopt clear, legally robust AI policies and procedures to mitigate them effectively. Understanding AI Risks and Confidentiality Ex

The Hidden Danger of Fast Capital Rick Colosimo: Mike, you've worked as a CFO and led M&A for major companies. Now, you advise small business owners on financial and growth strategy. What’s one of the biggest mistakes you see when companies are under cash pressure? Mike Princi: One of the riskiest decisions I see is turning to merchant cash advances (MCAs). These are particularly common in businesses that generate most of their revenue through credit card transactions. An MCA

On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law by President Trump. OBBBA amends, among others, provisions of Section 1202 of the Internal Revenue Code (IRC) as it pertains to qualified small business stock (QSBS). Immediately prior, on June 30, 2025, New Jersey Governor Murphy signed into law Bill A4455/S4503 (NJ QSBS Exemption) aligning IRC Section 1202 on behalf of New Jersey based taxpayers. Background QSBS is a U.S. tax incentive benefitting