Keeping owners, managers, and stakeholders up to date on issues affecting their businesses.
2023 Wisconsin Act 73 (“the Act”) was enacted on December 6, 2023, and most of its provisions became effective on May 1, 2024. The Act includes major changes to the regulation of retail sales of alcohol beverages under Wisconsin Statutes Chapter 125.
On March 1, 2024, an Alabama federal court issued a ruling in National Small Business United v. Yellen in the plaintiffs' favor.
Beginning in 2024, many small businesses are required to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN) to create a national database for use by national security and law enforcement agencies to prevent the use of shell companies for criminal activity. It is critical that businesses understand their reporting requirements and how to properly report their information under this new law.