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UPDATE ON THE CORPORATE TRANSPARENCY ACT’S REQUIREMENT

UPDATE ON THE CORPORATE TRANSPARENCY ACT’S REQUIREMENT

Back in January, I wrote about the Corporate Transparency Act (“CTA”).  This act required anyone with a corporation or LLC (and a few other entities) to file a Beneficial Owner Report with the Financial Crimes Enforcement Network.  However, on March 1, 2024, the US...

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Voted Top Lawyer for Boston Magazine

Voted Top Lawyer for Boston Magazine

I was voted a Top Lawyer for Boston Magazine for 2023. "To compile our Top Lawyers list, Boston magazine, in partnership with DataJoe Research, invited lawyers representing our readership area (towns within, or partially within, I-495) to nominate up to three of their...

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Annual Report Reminder

Annual Report Reminder

This article reminds you that you must file an annual report if you have a limited liability company or a corporation in Massachusetts (or any state). I did a blog post on this last year. While there is not a requirement to file on any particular date during the year,...

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How Do You Prevent The Corporate Veil From Being Pierced?

How Do You Prevent The Corporate Veil From Being Pierced?

Piercing the corporate veil is when a court sets aside a business owner’s limited liability protection. This means that the protection that LLCs and corporations offer their owners is removed. Courts rarely pierce the veil unless some egregious misconduct occurs....

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Does My Corporation Need A Board Of Directors?

Does My Corporation Need A Board Of Directors?

The answer is yes. Under Massachusetts law (G.L. c. 156D, sec. 8.03), a corporation must have a director (or more, depending on the number of shareholders). The question then becomes, what does a director do? A board of directors is a group of people who oversee the...

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Why You Need An Attorney To Review Your Commercial Lease

Why You Need An Attorney To Review Your Commercial Lease

It is best to have an attorney review your commercial lease before you sign and to consult with an attorney when any significant event occurs, such as when you plan not to renew your lease. An option clause usually states that you must inform the landlord a certain...

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