Inching closer to a BOI reporting requirement – a potential 30-day extension
2/10/25
By: William R. Covino and Nancy M. Reimer
A new deadline to file beneficial ownership reports (“BOI Reports”) may be imposed soon. As our prior client updates have reported, approximately 32.6 million business entities have been trying to predict whether …
2/3/25
By: Kevin R. Stone
The American Bar Association recently issued a Formal Opinion. This blog presents a summary of that Opinion. The Opinion addresses situations in which (1) a lawyer gives advice to a client-organization through its constituents; (2) the lawyer …
1/30/25
By: Donald Patrick Eckler and Jessica K. Sterna
What is sufficient knowledge of an injury to trigger the statute of limitations where the plaintiff alleges the defendant lawyer had a duty to disclose fraud?
This issue was presented to and …
It’s back, for now – Nationwide ban lifted on Corporate Transparency Act
1/24/25
By: William R. Covino and Nancy M. Reimer
One lesson is certain: tax practitioners trying to navigate whether their clients must file beneficial ownership reports (“BOI Reports”) must remain vigilant.
Yesterday, in McHenry v. Texas Top Cop Shop, U.S. …
Balancing ethics and client wishes: Navigating the attorney’s dilemma
1/7/25
By: Donald Patrick Eckler and Jessica K. Sterna
Attorneys often face complex ethical decisions, especially when they must balance their client’s wishes with their professional obligations. One of the most challenging situations arises when questions of mental capacity come into …
Tick-tock! Illinois Appellate Court clarifies when the statute of limitations begins
12/31/24
By: Thomas T. Bishop and Donald Patrick Eckler
The Illinois Appellate Court, First District recently clarified what qualifies as “notice” for the statute of limitations in an accounting malpractice case.
In Montes v. Gomez Pietrzyk, 2024 IL App (1st) …
Lost chance gets a chance in Illinois legal malpractice case
12/27/24
Illinois Appellate Court, First District in PBKM, LLC v. Kutak Rock, LLP, 2024 IL App (1st) 230033 is the first court nationally to adopt the lost chance doctrine in a legal malpractice context. The court …
On again, off again, on again?
12/27/24
By: Nancy M. Reimer
The Fifth Circuit Court of Appeals vacates its stay of the injunction. As we reported on December 26, 2024, the Fifth Circuit Court of Appeals stayed the nationwide injunction enjoining the enforcement of the Corporate Transparency …
12/26/24
By: Nancy Reimer
On December 23, 2024 the U.S. Court of Appeals for the Fifth Circuit lifted the temporary injunction issued by the Eastern District of Texas Federal Court reinstating the requirement to file the Beneficial Ownership Interest (“BOI”) form …
Pathways to behavioral telehealth across state lines
12/23/24
While telehealth has become normative among behavioral health providers (e.g., counselors, clinical social workers, and psychologists), uncertainty still exists among some providers about where and how they can practice telehealth across state lines. The general rule …
12/20/24
By: Richard Jones and Stinelly “Nelly” Peña
The Supreme Court of Florida has finalized a major overhaul of Florida’s civil case management and discovery rules via amendments to Florida’s Rules of Civil Procedure. These rule changes will take effect on …
BOI reporting update: A continually shifting landscape
12/18/24
By: William R. Covino and Nancy M. Reimer
Those seeking clarity over the enforceability of the Corporate Transparency Act (the “CTA”) and their obligation to file beneficial ownership reports with the Financial Crimes Enforcement Network (“FinCEN”) now face another layer …