News & Analysis as of

Business Ownership New Legislation

McDermott Will & Emery

Maine Updates Ownership Disclosure Requirements

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On August 9, 2024, the new Public Law 2023, ch. 633 (L.D. 2069) from Maine’s Bureau of Alcoholic Beverages and Lottery Operations (BABLO) formally went into effect, bringing an end to the previous burdensome “entire...more

Troutman Pepper

New York LLC Transparency Act Enacted … Again

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On March 1, New York Governor Kathy Hochul signed a new version of the New York LLC Transparency Act (NYLTA) into law, repealing the original version enacted in December 2023. The new NYLTA pushes back the law’s effective...more

DarrowEverett LLP

After Corporate Transparency Act Takes Hit in Ruling, What's Next?

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The Corporate Transparency Act (“CTA”), a significant legislative effort aimed at curbing financial crimes by increasing corporate accountability, has been declared unconstitutional by the U.S. District Court for the Northern...more

Goodwin

Far Beyond Real Estate: The Real Impact of Florida’s SB 264

Goodwin on

On May 8, 2023, Florida Gov. Ron DeSantis signed into law Senate Bill 264: Interests of Foreign Countries (SB 264), effective July 1, 2023. The law may affect not only traditional real property owners and investors but also...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Arkansas Businesses Should Prepare for New Laws Passed by the State Legislature

The Arkansas General Assembly adjourned from its 94th Regular Session on May 1, 2023, starting a 90-day clock until acts passed by the General Assembly become the law of Arkansas. Business owners, professionals and...more

Shutts & Bowen LLP

Florida Businesses Subject to Mandatory New Hire and Contractor Reporting as of Oct. 1, 2021

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On June 16, 2021, Governor DeSantis signed legislation amending Fla. Stat. 409.2576, imposing revised reporting requirements of new hires, re-hires and independent contractors for businesses across the State of Florida....more

Shutts & Bowen LLP

Gov. DeSantis Signs COVID-19 Lawsuit Protection Bill

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In our latest client alert, West Palm Beach partner Matthew Chait discusses SB 72, which was signed into law by Gov. Ron DeSantis signed on March 29, 2021. The new law is expected to be a bulwark against certain COVID-19...more

Gray Reed

The Corporate Transparency Act: What Your Company Needs to Know About the New Federal Reporting Requirements

Gray Reed on

Last month’s post explained how setting up a dummy company can help seal a deal. Unfortunately, dummy companies can be used for far more nefarious purposes, including money laundering, terrorism financing, and tax fraud....more

Poyner Spruill LLP

Changes in North Carolina's Assumed Name Requirements

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It has long been a requirement that a business operating in North Carolina under an assumed name file a certificate with the register of deeds identifying the actual name of the business owner. This information only filing...more

Foster Garvey PC

Oregon’s New Corporate Activity Tax

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We are taking a break from our multi-post coverage of Opportunity Zones to address a recent, significant piece of Oregon tax legislation. On May 16, 2019, Governor Kate Brown signed into law legislation imposing a new...more

McAfee & Taft

Governor signs Unity Bill regulating medical marijuana in Oklahoma

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HB 2612, the so-called “Unity Bill” which was approved overwhelmingly by the Oklahoma Legislature earlier this week, was signed into law by Governor Stitt yesterday afternoon. The product of the bi-cameral Medical Marijuana...more

Burr & Forman

The New Section 199A 20% “Profit Deduction” for Pass-Through Businesses: The Undecided Issue of Owner Compensation

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Under the Tax Cuts and Jobs Act, Congress is now offering a new 20% deduction for “pass-through” businesses – i.e. businesses that are not corporations. With the corporate tax rate being reduced under the new law to a flat...more

Burr & Forman

The New 20% Pass-Through Deduction: Can Real Estate Owners Claim It?

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The new 20% deduction for “pass-through” business owners under the Tax Cuts and Jobs Act is raising many questions from owners of real estate-related businesses. Can these owners qualify for this important deduction, and...more

Burr & Forman

New Internal Revenue Code Section 199A: The 20% Deduction for “Pass-Thru” Businesses

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Aside from corporate tax reductions, one of the most important aspects of the new Tax Cuts and Jobs Act beginning this year is the new 20% deduction for “pass-thru” businesses – i.e. businesses that are not corporations. With...more

Hogan Lovells

Italy opens the door to corporate ownership of pharmacies – a revolution for the Italian Pharma distribution

Hogan Lovells on

By Law passed today, August 2nd, 2017 (Law for the improvement of the competition on the market), further to a recommendation of the Italian Competition Authority (“ICA“), the Italian legislature enacted provisions for the...more

Adler Pollock & Sheehan P.C.

New Rhode Island Acquired Real Estate Company Conveyance Tax Leaves Many Unanswered Questions

Effective July 1, 2015, Rhode Island now imposes a realty conveyance tax on the transfer of controlling interests in a “real estate company,” in addition to any other state taxes. Under prior law, if a person or business...more

Dechert LLP

‘Transparency and Trust’: Proposed Changes to Company Law in the UK

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On 25 June 2014, the Government published the Small Business, Enterprise and Employment Bill. It includes a wide range of measures designed to improve the legislative environment for small businesses and incorporates...more

Dickinson Wright

Michigan Enacts Changes To Administrative Tax Provisions Affecting Audits And Assessments

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Michigan has enacted legislation that clarifies and streamlines a number of important tax administrative provisions. The changes affect the Department of Treasury’s ability to pursue and collect unpaid taxes from company...more

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