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

  • The FTC’s Click to Cancel Rule has been postponed to July 14, 2025 (60-day extension)
  • Rule applies to all subscription agreements with Negative Option Features in both B2B and B2C contexts.
  • Key requirements: simplified cancellation processes, clear representations, and explicit consent mechanisms
  • Maximum penalty of $51,744 per violation, with potential for multiple violations

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”

FinCEN and the Department of the Treasury both provided updates this week regarding the Corporate Transparency Act.

On February 27, FinCEN announced that it would release an interim final rule before the current filing deadline of March 21. It will not issue any fines, penalties, or other enforcement actions against any companies (foreign or domestic)

On January 23, 2025, the United States Supreme Court granted the government’s application for stay of a recent district court’s preliminary injunction of the enforcement of the Corporate Transparency Act (CTA). With that being said, a separate district court order enjoining enforcement of the CTA remains in effect. Despite the Supreme Court’s decision, FinCEN has

Late on December 26, 2024, a panel of the Fifth Circuit ordered the injunction back into effect.  Timing is uncertain for any oral arguments or other court rulings.  Voluntary Submission is available.  We don’t expect FinCEN, in any event, to reinstate the 12/31/2024 deadline because previously, they had already announced the January 13, 2025, grace