Business Transactions & Services

AI for CTA and nonprofits

The Corporate Transparency Act and Tax-Exempt Organizations

Business Transactions & Services, Nonprofit / By

In the realm of financial transparency and regulation, the Corporate Transparency Act (“CTA“) stands as a significant milestone. Enacted to counter money laundering, terrorism financing, and other financial crimes, this legislation introduces a comprehensive set of rules to enhance corporate accountability. While its primary targets are corporations and limited liability companies, the implications of the …

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AI generated Email disclaimer

Email Disclaimers: Legally binding or Burdensome?

Business Transactions & Services / By

In the digital age, email is an indispensable tool for communication in both personal and professional spheres. However, as the reliance on email grows, so does the need to protect sensitive information and establish clear communication boundaries. This is where email disclaimers, their legal enforceability, and the various reasons organizations and individuals use them comes …

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M&A and IP law

Navigating Intellectual Property Issues in M&A Transactions

Business Transactions & Services / By

In today’s fast-paced business landscape, merger, and acquisition (“M&A”) transactions have become a common strategy for companies looking to expand their reach and capabilities. However, amidst the excitement of M&A deals, one crucial aspect often tends to get overlooked – the transfer of intellectual property (“IP”). IP, encompassing patents, trademarks, copyrights, and trade secrets, holds …

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Indemnification Tools When Buying or Selling a Business

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There are several ways to broaden or limit indemnification provisions in your purchase and sale agreement. We discuss a few of the tools (caps, baskets, carve-outs, and escrow accounts) below. Caps Indemnification provisions can expose both parties to unlimited liabilities and risks. One indemnification tool is an indemnification cap. Indemnification caps are contractual provisions that …

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AI HOA tax exempt representation

Can My HOA get Tax-Exemption from the IRS?

Business Transactions & Services / By

Can an association – a homeowners’ association (“HOA”) or condominium association – receive tax-exempt status from the Internal Revenue Service (“IRS”). In short, maybe. There are three avenues for an association to qualify for tax-exempt status. These different paths are referred to by the section of the Tax code that provides the tax exemption, and …

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Destruction of Business Records

How long to retain business records?

Business Transactions & Services / By

How long to retain business records, emails, and other documents is a question that many businesses struggle with.  After all, when an employee leaves, why not delete their email account and just hold onto official files?  While tempting, employee emails are company records.  And to make it more perplexing, document retention requirements vary depending on …

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Bankruptcy and Intellectual Property

Business Transactions & Services, Intellectual property / By

In law, the term “intellectual property” is used to define intangible rights protecting commercially valuable products.[1] Mostly comprised of trademarks, copyrights, and patents, but also includes trade secrets, rights of publicity, moral rights, and rights against unfair competition.[2]  People have become more familiar with these types of assets with the explosion of the Internet and …

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FOREIGN OWNED BUSINESSES IN THE U.S. – EIN APPLICATION

Business Transactions & Services, Flat Rate Fees, Nonprofit, Startup & Formation / By

If you’re a foreign person owning, operating, or otherwise doing business in the United States, you may be wondering if you’re eligible to obtain a Federal Employment Identification Number (FEIN) and how to do it. The good news is that foreign persons who have a business or other tax-related activities in the United States are …

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