Insights

A 15-Year Wait, A 327-Page Answer For more than 15 years, Florida’s nonprofit corporation statute remained largely unchanged while corporate law evolved around it. Chapter 607, the Florida Business Corporation Act, was rewritten in 2019, and the American Bar Association’s Model Nonprofit Corporation Act has now been adopted in 37…

Effective July 1, 2026, Florida will permit the use of a “protected series LLC” (PSLLC) as outlined in Chapter 605 of the Florida Statutes. With this structure, a single parent LLC can create multiple internal series, each possessing its own assets, liabilities, members, and managers. The main advantage is clear:…

On July 1, 2025, the Florida Senate enacted Senate Bill 700 imposing significant restrictions on nonprofit donation solicitation. Effective immediately, it is unlawful for any charity registered to solicit contributions or have funds solicited on their behalf to solicit or accept anything of value from a foreign source of concern….

On March 26, 2025, the U.S. Treasury Department issued an important update regarding the Corporate Transparency Act (CTA). Effective immediately, all entities created in the United States, including those previously classified as “domestic reporting companies,” are no longer required to report beneficial ownership information (BOI) to the Financial Crimes Enforcement…

After a series of twists, turns, and legal challenges, the U.S. Department of the Treasury has made significant adjustments to the Corporate Transparency Act (CTA). Initially created to combat money laundering and tax evasion, the CTA required businesses to report their beneficial ownership information to the Treasury Department’s Financial Crimes…