Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of Treasury announced on February 27, 2025 that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by […]
Category Archives: Business Law
09
Dec
Dec
The U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction barring the U.S. government from enforcing the Corporate Transparency Act (“CTA”) on December 3, 2024. CTA requires many companies to submit information about themselves and their beneficial owners to the Financial Crimes Enforcement Network (FinCEN), a bureau within the US […]
18
Mar
Mar
IMPORTANT BHG CLASS ACTION UPDATE In June 2024, the Dombrow Law Firm voluntarily dismissed with prejudice the Bankers Healthcare Group (BHG) class action lawsuit. However, Friedman & Ranzenhofer, PC is still accepting clients who are being sued by BHG in Onondaga County, NY, Supreme Court FRIEDMAN & RANZENHOFER, PC HAS NOT AND IS NOT HANDLING THE […]
The U.S. District Court for the Northern District of Alabama (“USDC”) held on March 1, 2024 that the Corporate Transparency Act (“CTA”), which requires most reporting companies (corporations and LLCs) to file a beneficial ownership information report (“BOIR”) with the Financial Crimes Enforcement Network (“FinCEN”)—is unconstitutional. The USDC rejected the government’s argument that Congress had […]
28
Dec
Dec
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has published a “Small Entity Compliance Guide” to assist the small business community in complying with the beneficial ownership information (BOI) reporting rule. Starting in 2024, many entities created in or registered to do business in the United States will be required to report information about […]
02
Nov
Nov
The How to Start a NY Small Business Guide will assist you in getting started on the road to a successful entrepreneurship. It provides information about everything from planning and financing a business to marketing, keeping records and understanding government regulations. It also has information on how to expand an existing business. This guide serves […]
21
Apr
Apr
Business owners and professionals who live in other states, such as Pennsylvania, Texas, Alabama, and California often ask why Bankers Healthcare Group can sue them in Onondaga, New York Supreme Court for defaulting on their loans. After receiving Bankers Healthcare Group’s solicitations for a pre-approved loan, Dr. Warren A. Stiles decided in 2008 to finance […]
25
Jul
Jul
Robert Friedman is part of the recently released American Apartment Owner’s Association’s RENT Magazine. This magazine focuses on how to invest despite rising interest rates, smart tax saving strategies, best-selling books for landlords and the latest rental industry updates on new prop tech, evictions, tenant screening, and more. You can read Robert Friedman’s article online for […]
13
Dec
Dec
Do you have questions about forming an LLC? Watch this educational video for guidance, then contact our Rochester attorneys to get started. As an experienced Rochester Business Attorney, clients often ask how they can form a limited liability company or LLC in New York. We can form an LLC by filing articles of organization with […]
The U.S. Equal Employment Opportunity Commission (EEOC) on October 25, 2021 posted updated and expanded technical assistance related to the COVID-19 pandemic, addressing questions about religious objections to employer COVID-19 vaccine requirements and how they interact with federal equal employment opportunity (EEO) laws. The expanded technical assistance provides new information about how Title VII of the Civil […]