Insights

The Corporate Transparency Act (the “CTA”) goes into effect on January 1, 2024, and requires businesses to report information to FinCEN pertaining to the businesses’ beneficial owners. As discussed in Part 1 of this blog series entitled, “The Corporate Transparency Act’s Implications,” the CTA requires businesses to report information to…

On January 1, 2024, the Corporate Transparency Act (the “CTA”) will take effect and may impact the disclosure requirements for you and your business. The CTA is an anti-money laundering law that aims to force bad actors to reveal ownership of various business structures. Congress states that bad actors seek…

Fraudulent filings on the Florida Secretary of State’s website, Sunbiz.org, are on the rise. Although many business owners and officers are familiar with Sunbiz.org and its business entity directories, most may not realize that the Sunbiz.org online filing portal has no verification process in place. This lack of verification may…

As a reminder, the deadline to file a 2023 Florida Annual Uniform Business Report for your Corporation, Limited Liability Company, Limited Partnership, or Limited Liability Limited Partnership to maintain its active status with the State of Florida is May 1, 2023. A late fee of $400 will be added to the…

Florida is the only state that imposes sales tax on the lease of commercial real property. Over the last several years, this tax rate has been reduced in increments from 6.0% to 5.5%. Under recently enacted legislation, this rate will be further reduced to 2.0%. However, this rate reduction will…