Starting January 1, 2024, unless otherwise exempt, corporations and limited liability companies with fewer than 20 full-time employees in the United States, less than $5 million in U.S.-sourced gross receipts or sales, and a physical operating presence in the United States will be required to identify and its beneficial owner(s) and certain key managers with the Financial Crimes Enforcement Network (FinCen), a bureau of the United States Department of the Treasury. Tony and Patrick will be discussing available exemptions as well as how you can get ready for the upcoming changes.
Tony, is a director in McLane’s corporate department, focuses on all aspects of business law, including mergers and acquisitions, entity selection and formation, liquidations, financing, taxation, intellectual property, transition planning, and equity-based compensation planning. He works closely with the tax department, employment law practice group, and intellectual property group to service corporate clients. He can be reached at the firm’s Portsmouth office at (603) 334-6935 or firstname.lastname@example.org.
Patrick, also a director and chair of the firm’s Corporate Department, is a corporate and transactional lawyer who helps clients form, grow, and sell their businesses, and works with his clients to solve challenging problems with practical solutions. Patrick works with clients in five main areas: general corporate law, healthcare law matters, mergers and acquisitions, complex contracts, and succession planning. Throughout his career, Patrick has represented private companies and their owners on a wide variety of corporate law matters including entity formation, private security offerings, negotiation of complex contracts and general corporate governance. He continues to serve as outside general counsel for private companies throughout New England. He can be reached in the firm’s Manchester or Portsmouth office at (603) 628-1457 or email@example.com.
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