As this year’s Cybersecurity Awareness Month comes to an end, we wanted to highlight a recently enacted piece of legislation that may provide protection for your business in the event of a data breach and remind you to include your cybersecurity policies in your end-of-year policy reviews and updates.
A safe harbor for certain small
In 2023, the Securities and Exchange Commission (the “SEC”) adopted amendments and issued guidance to modernize the rules governing beneficial ownership reporting under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934 (the “Exchange Act”) when a person acquires more than 5% beneficial ownership of a voting class of
It’s a common scenario. A client or non-tax attorney says:
“We’ve put together a new LLC/partnership agreement. It should be fine because we’ve used this same agreement on all of our deals. We just changed the distributions a little.”
That sounds simple enough. But in practice, this approach almost always creates tax issues—sometimes obvious, sometimes
Join our on-demand webinar to hear a dynamic discussion on seller readiness in mergers and acquisitions. This conversation features Manny Clark, M&A attorney at Winstead, and Eric McCarthy, managing principal at Immoderata.
Don’t miss this opportunity to gain insights that could significantly impact your M&A outcome.
Does your business send marketing text messages to Texas residents or from Texas? If so, you may need to register each business location from which you send texts with the Texas Secretary of State. Amendments to the Texas telemarketing statute (in Chapters 301-305 of the Texas Business and Commerce Code) go into effect on September
On July 8, 2025, the U.S. Court of Appeals for the Eighth Circuit vacated the Federal Trade Commission’s (“FTC”) Click to Cancel Rule (the “Rule”), which was previously scheduled to take effect on May 14, 2025, and later postponed to July 14, 2025. For a detailed analysis of the FTC’s Rule, please see our previous
Selling your business is a significant undertaking, often complex and emotionally charged. It’s a rigorous, time-consuming, and expensive process that most business owners experience only once. However, with the right approach, you can navigate this journey confidently and position your business for the best possible outcome.
In this downloadable guide, attorney Manny Clark (Shareholder, Winstead
Last month, Texas Governor Greg Abbott signed into law Senate Bill 29 (SB 29), introducing significant amendments to the Texas Business Organizations Code (TBOC). Chief among these are the codification of the “business judgment rule” and new limitations on shareholder derivative actions. [1] The changes reflect efforts to make Texas a more business-friendly jurisdiction by
As promised, FinCEN has adopted its interim final rule and narrowed the filing requirements for Beneficial Ownership Information (“BOI”) reporting under the Corporate Transparency Act (“CTA”). This rule exempts U.S. entities from BOI reporting requirements and only requires foreign reporting companies to report.
Per the interim final rule, entities previously defined as “domestic reporting companies”