News & Analysis as of

Ownership Interest New Guidance

Venable LLP

OFAC Issues Sanctions Compliance Guidance and Scenarios for U.S. and International Maritime Industry

Venable LLP on

On October 31, 2024, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) issued scenario-based guidance specific to the maritime shipping industry....more

ArentFox Schiff

Recent FinCEN FAQs Provide Additional Guidance on Compliance

ArentFox Schiff on

The US Financial Crimes Enforcement Network (FinCEN) released several new FAQs this month to provide further clarity on the Corporate Transparency Act’s (CTA) provisions....more

Polsinelli

What Dentists Need to Know About the Corporate Transparency Act

Polsinelli on

A new federal law requires dentist owned business entities to disclose personal information and photographs of persons with ownership and control over their business.  Why this matters for you....more

Bilzin Sumberg

FinCEN Releases Guidance Materials on the Beneficial Ownership Information for CTA Reporting

Bilzin Sumberg on

On March 24, 2023, the Financial Crimes Enforcement Network (“FinCEN”) published its first set of guidance materials to aid the public, and in particular the small business community, in understanding upcoming beneficial...more

King & Spalding

SBA Change in Ownership Approval Guidance

King & Spalding on

SBA Releases Guidance Addressing Corporate Mergers and Acquisitions in the Context of Paycheck Protection Program Loans - Many clients have been asking about the impact of a Paycheck Protection Program (PPP) Loan and the...more

Chambliss, Bahner & Stophel, P.C.

SBA Issues Key Guidance on Change of Ownership for PPP Loan Recipients

The Small Business Administration (SBA) recently issued a Procedural Notice (the Notice) containing details about the required procedure that Paycheck Protection Program borrowers (PPP borrowers) must follow when engaging in...more

Foley & Lardner LLP

SBA Guidance on Changes in Ownership of PPP Loan Borrowers

Foley & Lardner LLP on

On Friday, October 2, 2020, the Small Business Administration (“SBA”) issued a Procedural Notice (the “Notice”) providing guidance on the notification and consent requirements for changes in ownership of borrowers of...more

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