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Featured News & Insights
Navigating the Complexities of CTA Compliance: What You Need to Know
UPDATE: Please note there is a preliminary injunction against enforcement of the Corporate Transparency Act. The injunction, which applies nationwide, was granted by a Texas federal district court and such injunction has since been reviewed by the Fifth Circuit Court of Appeals. The U.S. Department of Justice thereafter submitted an application to the Supreme Court to stay the injunction and we expect the Supreme Court to respond to such application quickly. Pending further action by the Supreme Court, filing obligations to FINcen related to the CTA and related regulations remain suspended.
California Business Divorce: The Power of LLC Members to Ratify Past Actions Despite Defective Meeting Notices
What happens when LLC members make important business decisions without following proper meeting notice requirements? Can such procedural missteps be fixed after the fact, or are the resulting actions vulnerable to legal challenge? A recent California Court of Appeal decision provides clarity on these questions, confirming that LLCs, like corporations, have the authority to cure procedural defects through subsequent ratification by their members.