The Corporate Transparency Act (CTA) became effective on January 1, 2024, and will undoubtedly cause difficulties for many startup companies. The upshot is almost all new companies formed will have to file beneficial ownership reports with FinCEN (the Financial Crimes Enforcement Network, which is a bureau of the US Treasury Department). There are exemptions, suchContinue reading “The Corporate Transparency Act & Startups”
Author Archives: msl2100
CTA Beneficial Ownership Reporting Challenges in Community Property States
Inset: This post was co-authored by Joe Wallin, a partner in the Seattle, Washington office of Carney Badley Spellman and Jonathan Wilson with the FinCEN Report. Original post found here. The Corporate Transparency Act (CTA) took effect January 1, 2024. This new federal law will require non-exempt reporting companies to report personally identifiable information for each beneficial owner (each,Continue reading “CTA Beneficial Ownership Reporting Challenges in Community Property States”
Washington State House Bill 1155 – My Health My Data Act
By Amy Weston Washington State is on track to pass a far-reaching new piece of legislation in the upcoming weeks. The “My Health My Data” Act (House Bill 1155), if signed into law, will take effect starting on March 31, 2024. The title of the law implies that it will only apply to health careContinue reading “Washington State House Bill 1155 – My Health My Data Act”