corporate/securities/M&A

By Kaitlyn Dehmer On December 14, 2022, the Securities and Exchange Commission adopted amendments to Rule 10b5-1. The amendments are intended to strengthen insider trading protections and fill gaps left open by the original rule. The following provides a brief discussion of the new requirements imposed by the amendments to Rule 10b5-1. Requirement of Good Faith The good faith requirement of Rule 10b5-1 is expanded by the amendments. Now, any

The Corporate Transparency Act (CTA) requires certain entities to submit beneficial ownership information (BOI) to the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). On September 29, 2022, FinCEN issued a final rule outlining who must file a BOI report, what information must be reported, and when a report is due. The rule will become effective January 1, 2024. Here’s what you need to know: Who: Reporting Companies The rule

By Charlie Carlin, Fortis Law Partners Piercing the corporate veil is an important legal and business concept many entrepreneurs aren’t familiar with. Business owners put a lot of blood, sweat and tears into making their company successful. Hopefully, things go well, the company grows and is profitable. However, sometimes things go wrong, and the business gets sued. Unfortunately, many entrepreneurs don’t know they could personally end up on the hook