The Corporate Transparency Act (CTA) is a federal law enacted as part of the Anti-Money Laundering Act of 2020 meant to reduce financial crime in small businesses across the United States. Specifically, the CTA requires that smaller, otherwise unregulated, companies file a report with the US Department of Treasury’s Financial Crimes Enforcement Network within their new Beneficial Ownership Secure System (BOSS), which the network may share with other government agencies and financial institutions who request it. The Act will come into effect on January 1st, 2024, for newly formed companies and on January 1st, 2025, for already existing companies.
While many businesses are familiar with the Americans with Disabilities Act (ADA) employment requirements, fewer know that it can also apply to websites. An online presence is a critical component for public and private businesses, leading to increased website accessibility litigation. Plaintiffs claim that websites with certain barriers, such as incompatibility with screen-reading software, constitute... View Article
There is no doubt that data privacy is a hot topic in boardrooms and courtrooms across the U.S. and globally. With the privacy landscape evolving quickly and heavily publicized breaches, many businesses now see that the collection and processing of personal data are more closely governed. However, with so much attention being directed to regulatory... View Article
Blog written by Michelle Bomberger, Equinox Business Law Group As we were planning this month’s Focus event on environmental compliance, a colleague asked me, “Why are you doing a program on a topic that you don’t directly practice in?” I was surprised by the question because our Focus events have a purpose: to provide information... View Article