LexBlog IP

JULY 25, 2023

Understanding the Beneficial Ownership Information Reporting Rule by Josh Slovin The New Beneficial Ownership Reporting Rule: A Step towards Greater Transparency in US Businesses Privately-owned companies in the United States have long enjoyed a great degree of privacy about their internal affairs, particularly as to the identities of their owners.

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LexBlog IP

AUGUST 14, 2023

CTA defines a beneficial owner as an individual who, directly or indirectly, either (1) exercises substantial control over a Reporting Company or (2) owns or controls at least 25% of the ownership interests of a Reporting Company. What is Considered an Ownership Interest? What is Substantial Control?

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IP Tech Blog

MAY 19, 2023

billion by 2025, at a compound annual growth rate of 32%. Contracts should explicitly address the ownership, licensing, and usage rights of content created during the collaboration, which will vary depending on the commercial arrangement. billion in 2020 to $24.1

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LexBlog IP

AUGUST 29, 2023

Any entity that qualifies as a domestic or foreign reporting company must file “beneficial ownership reports” with FinCEN, unless specifically excluded under one of the enumerated exemptions. The CTA specifically exempts 23 categories of companies that would otherwise be required to file beneficial ownership reports.

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LexBlog IP

MAY 19, 2023

billion by 2025, at a compound annual growth rate of 32%. Contracts should explicitly address the ownership, licensing, and usage rights of content created during the collaboration, which will vary depending on the commercial arrangement. billion in 2020 to $24.1

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LexBlog IP

JANUARY 17, 2024

Any entity that qualifies as a domestic or foreign reporting company must file beneficial ownership reports ( “BOI” ) with FinCEN, unless specifically excluded under one of the enumerated exemptions. Any reporting company that is created or registered before January 1, 2024, must file a BOI report no later than January 1, 2025.

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LexBlog IP

OCTOBER 3, 2023

The Act, designed to thwart illicit financial activities and enhance national security, mandates thorough disclosures of beneficial ownership information. passport, license, or ID card. Compliance Timeline: Companies established or registered before January 1, 2024, have until January 1, 2025, to file their initial report.

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