Business Organizations, Acquisitions and Conveyances – Weiss Serota Helfman Cole + Bierman

The Deadline is Approaching for the Corporate Transparency Act Filing Deadline

Fabio Giallanza — Thu, 24 Oct 2024 15:55:53 +0000

The deadline is quickly approaching for the new reporting requirement under the Corporate Transparency Act (CTA), which took effect on January 1, 2024, and requires companies to report information about their ultimate owners and controllers to the U.S. government. Specifically, unless exempt, all corporations and limited liability companies with less than $5 million in annual revenue or fewer than 20 employees are required to file.

Reports under the CTA must be submitted by December 31, 2024. For businesses registered on or after January 1, 2024, registration is required within 90 days of filing their initial Articles of Organization or incorporation. Our firm is available to assist clients with this filing.

On March 1, 2024, the U.S. District Court for the Northern District of Alabama deemed the CTA unconstitutional. However, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury maintains that all applicable entities must still file their reports, except for those members of the National Small Business Association, the plaintiff in the case.

If you would like our assistance with your company’s CTA report, we are here to help.

Please note that the CTA report is not an annual filing. You will only need to refile if you sell your company or make significant governance changes, such as appointing a new president or senior officer.

The firm’s legal services will include:

Assessing your CTA reporting obligations by reviewing your corporate structure
Identifying beneficial owners based on the information you provide
Filing your company’s initial Beneficial Ownership Information report with FinCEN

Please be aware that the CTA is a complex law, and non-compliance can lead to significant penalties. We are here to guide you through this process and ensure you remain compliant. To receive an engagement letter, please email Emma Rodgers at ERodgers@wsh-law.com and she can send it to you by email or DocuSign upon request. If you have any questions, feel free to reach out to us by phone at (305) 854-0800 or by email, and we can discuss the process in more detail.

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Michael Popok successfully represents The Seminole Tribe of Florida Inc. in Candlebox Suit

Weiss Serota Helfman Cole + Bierman — Sat, 31 Jan 2015 07:07:40 +0000

Michael Popok along with Alicia Welch represented The Seminole Tribe of Florida Inc. and generated a ruling that Michael said is “right under the law.” The ruling said that the Seminole Tribe of Florida Inc. has sovereign immunity, and that limits Lujen Brands LLC – a music management company – and its jurisdictional discovery in answering if that immunity was waived.

Law360 wrote about the ruling and what is likely to come – including the real possibility that the defendant – Tribe Inc. – may have to fulfill merit discovery while the jurisdiction question is pending.

How did this all happen? Check out the full article here.

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Will Miami-Dade get a new civil courthouse?

Weiss Serota Helfman Cole + Bierman — Sat, 31 Jan 2015 07:05:02 +0000

The refurbishment or new construction of a courthouse is a costly but necessary venture, one that tax-payers would likely need to foot if the bonds for a new courthouse are approved in the November 4, 2014 ballot.

According to 11 of the 13 commissioners and those who use the courthouse, the need is irrefutable. Nearly 90 years old, the Dade County courthouse has been long been insufficient to handle all the cases on the docket. While the necessity is not in question – at least by those in the know – the means to pay for it certainly is. In fact, many, if not all the details are still up in the air, which makes moving forward more difficult.

Joseph Serota, who chaired the effort to restore the lobby and the historic Courtroom 6-1 more than six years ago, knows how difficult it is to raise money for a public building. Joe was honored with the Silverman Award from HistoryMiami for his efforts in restoring the lobby and the ceremonial courtroom. But raising money through private sector donations would be a daunting task and take too long, says Joe about private donors as a solution to the current courthouse dilemma. It took more than six years to generate the funding to make the restorations possible back in 2008. Today, the needs are even greater, with structural problems and deterioration impacting the civil courthouse and dramatic overcrowding affecting the criminal courthouse. And of course, the costs are also greater.

The courthouse entered the Miami-Dade landscape in 1928. If it’s going to make it to its centennial, it needs major work. The wheels are in motion to make it happen – but turning very slowly.

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It’s not just gambling for the Seminoles

Weiss Serota Helfman Cole + Bierman — Fri, 31 Jan 2014 07:08:08 +0000

The public often associates the Seminoles with gambling and casinos. However, the tribe has an economic development arm known as the Seminole Tribe of Florida, Inc. (STOFI). This incorporated entity has a number of other business ventures and is branching into more.

Take its growing interest in a food enterprise. Seminole Pride is a food brand, and under its umbrella is beef, seafood, citrus, energy drinks, juice and spring water. Complementing this, through a partnership with a Tuscany vineyard, the tribe is producing Intermezzo wine.

The horizon is filled with other possibilities including a bank and a construction company.

Partner Marc Solomon is General Counsel for the STOFl. With his experience in regulatory law and business transactions, he provides insight for the Seminole Tribe and all of his clients. As a client’s business expands, Marc’s expertise proves increasingly valuable.

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WSH Attorney named to First Tee of Miami-Dade Board of Directors

Weiss Serota Helfman Cole + Bierman — Fri, 31 Jan 2014 07:06:34 +0000

Carlos Rodriguez was recently named to the Board of Directors of the First Tee of Miami-Dade Foundation. First Tee of Miami-Dade supports the First Tee of Miami-Dade Amateur Golf Association which serves over 5,000 local youth annually providing education and activity programs that build character and instill strong values and sportsmanship through the game of golf. First Tee of Miami-Dade Foundation is part of an international youth development organization which has reached over nine-million participants in all 50 states and four international locations. Carlos is Of Counsel to the firm.

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