Christie Browning 3/26/25 Christie Browning 3/26/25

BOI Reporting: Final Interim Rule Exempts Domestic Reporting Companies

On March 21, 2025, FinCEN released its “Final Interim Rule” that exempts all “domestic reporting companies” from Beneficial Ownership Information (BOI) reporting requirements. A “domestic reporting company” is “a corporation, limited liability company, or other similar entity that is created by the filing of a document with a secretary of state or similar office under the law of a State or Indian Tribe.”

Christie Browning 3/6/25 Christie Browning 3/6/25

BOI Filing is Required Again – Deadline Extended to March 21, 2025

On February 18, 2025, the U.S. District Court for the Eastern District of Texas granted FinCEN’s motion to stay its previously issued preliminary injunction on the enforcement of the Corporate Transparency Act (CTA). As a result, Beneficial Ownership Information (BOI) reporting is back in effect with an extended due date of March 21, 2025.

Christie Browning 12/27/24 Christie Browning 12/27/24

5th Circuit Court of Appeals Changing Course and Reverses Its Decision to Lift the Stay on the Corporate Transparency Act

Christie Browning 3/3/24 Christie Browning 3/3/24

Unlocking Transparency: The Corporate Transparency Act

Garrett McNamee of Burt Blee Dixon Sutton and Bloom delivered a presentation at the Northeast Indiana Paralegal Association, delving into the intricate details of the 2024 Corporate Transparency Act and its imminent ramifications on business entities.

Christie Browning 7/20/21 Christie Browning 7/20/21

Advantages and Disadvantages of Using a Letter of Intent in a Transaction

A Letter of Intent or “LOI” functions to outline the basic terms of a transaction before parties begin conducting due diligence and negotiating and drafting a formal agreement. LOIs can be used in all types of transactions whether it be a business acquisition and sale, real estate purchase and sale, lease, or a loan. Another important aspect of a LOI is whether the parties intend it to be binding or non-binding. In most cases, some parts of the LOI will be binding, while other aspects are non-binding.

Christie Browning 10/31/19 Christie Browning 10/31/19

Advantages of S-Elections and Limited Liability Companies

Indiana’s Business Flexibility Act which allows the formation of limited liability companies (LLCs) has been a hit with small and large business owners alike. The LLC has the advantages of income “passing through” to individual owners (thus, avoiding a separate business-level tax) like a partnership, but provide liability protection like a corporation.