Matthew Erskine

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The Corporate Transparency Act sparked a debate on balance between regulatory oversight and constitutional freedoms. This District Court ruling while a triumph for small business interests and constitutional advocates, also prompts reflection on the future of anti-money laundering measures.

The recent case National Small Business United v. Yellin suspends enforcement for the plaintiffs, but not of anyone else.

As part of the ongoing anti money laundering drive, FinCEN has turned its eye to gifts of residential real estate in trusts and other entities and proposes requiring beneficial ownership reporting.

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On July 19, 2024, The IRS issued final regulations that update the rules for required minimum distributions (RMDs) from various retirement accounts.

The lessons drawn from this debate underscore the importance of careful, forward-thinking drafting in charitable gift agreements.

While the FTC rule has been blocked for now, family business owners must remain vigilant and proactive.

November 5, 2024 Recently, a manager of a private equity fund mentioned that the seller of the business was complaining about the amount