Legal Blog
The Corporate Transparency Act and FinCEN Reporting
As you may already know, the Corporate Transparency Act (“CTA”) goes into effect on January 1, 2024. Under the CTA, many privately held companies will be required to file beneficial ownership information (“BOI”) reports online with the Financial Crimes Enforcement Network of the U.S. Treasury (FinCEN). For more information, see an overview linked here. We will continue to monitor updates to this process in the new year.
Updated 12/22/2023
ABOUT JACK ORRICK
jack.orrick@offitkurman.com | 240.507.1785
John ‘Jack’ Orrick practices in Business Transactions focuses on general corporate matters, joint venture formations, and business and tax planning, as well as representing clients in securitized equity and debt financings.
Clients turn to Jack because of his business sense and collaborative philosophy, which he uses to negotiate transactions strategically and close deals. His diverse and extensive transactions experience gives him a broad view of overall business operations, allowing him to advise clients in a variety of industries, including, but not limited to, real estate. Jack’s clients include property owners, developers, investors, owners of closely-held businesses, nonprofits and associations, financial institutions, and providers of professional services.
ABOUT MICHIEL BLOEMSMA
mbloemsma@offitkurman.com | 212.545.1900
Michiel Bloemsma represents privately held companies, entrepreneurs, and investors in connection with general corporate and commercial transactions. He assists clients with the formation of business entities, including advice with respect to the choice of legal entity and drafting and negotiating of shareholders’, partnership and LLC agreements. Mr. Bloemsma assists clients with joint venture contracts, M&A deals, financing transactions, including loan and security agreements and investment contracts, and various other commercial transactions, such as sales and distributorship contracts and software licensing agreements. He also counsels clients with respect to employment matters.
ABOUT THOMAS PITEGOFF
tom.pitegoff@offitkurman.com | 929.476.0026
Thomas Pitegoff is an internationally recognized leader in the franchise field. He counsels international, national, regional and start-up franchisors in a variety of industries to structure their franchise systems effectively and comply with state and federal franchise laws. He assists businesses in acquiring franchise companies, and he represents foreign franchisors in their U.S. business and U.S. franchisors expanding abroad. He also represents multi-unit franchise developers and assists clients in resolving issues with state franchise regulators.
ABOUT RUSSELL BERGER
Russell Berger is a business counselor serving the needs of small and mid-sized businesses as an outside general counsel and as a labor and employment attorney. As outside general counsel, Mr. Berger is a strategic partner who helps growth-minded clients navigate the opportunities and challenges, seen and unseen, that come with running a business. A thoughtful and proactive problem solver, he leverages the resources of Offit Kurman to provide the exact experience and knowledge that clients need on a range of matters. As a top-rated labor and employment attorney, Mr. Berger provides business counsel to employers on employee matters. He is well-versed in litigating in both state and federal courts.
