The Corporate Transparency Act (the “CTA”) has been in place since 2020 when it was passed as part of the National Defense Authorization Act for Fiscal Year 2021; however, after a long administrative rulemaking process, the Beneficial Ownership Information (“BOI”) reporting requirements have only recently been finalized and will first become effective on January 1
Biden’s Tax Proposals: What They Mean for You
This article was put together by Noah G. Buhle, a law clerk with our firm and a Senior at Marquette University Law School, in Milwaukee, Wisconsin. Thanks for Noah’s great effort and nice summary!
Biden Tax Plan and Ramifications
President Joe Biden, in his campaign and in several speeches after being inaugurated, has stated his
The Right to Vote by Proxy in a Wisconsin Corporation
This article is the marvelous work of our current law clerk Kieran O’Day, who will be finishing his stint with us shortly and heading on to clerk with the Supreme Court for the State of Wisconsin!
Wisconsin Statutes Permitting Proxies Generally
Wisconsin corporations are governed by Wisconsin Statutes Chapter 180. Specifically, Wisconsin Statute Section 180.0722,
How Accessible is Your Website to Those with Disabilities?
This article was first posted by Benjamin Streckert on the State Bar of Wisconsin Business Law Section blog and is being used here with the permission of the State Bar of Wisconsin and its author.
Benjamin Streckert, Minnesota 2017, is an attorney with Ruder Ware in Wausau, where he concentrates his practice on various
Investing in Qualified Wisconsin Businesses: A Closer Look
This article was originally written for the Business Law Section blog of the State Bar of Wisconsin and appears here with the permission of the State Bar and the article’s authors.
THOMAS J. NICHOLS & JAMES DECLEENE
Thomas J. Nichols, Marquette 1979, is a shareholder with Meissner Tierney Fisher & Nichols S.C., Milwaukee
Wisconsin Benefit Corporations, a Profit/Non-Profit Hybrid
We do a lot of non-profit work. Oftentimes, we are working with new startups that are driven by strong social motivation, but to form and survive need investment capital. This puts us at a crossroad: do we go non-profit and non-stock or conventional corporation? Now, Wisconsin, joining 33 other states, has another alternative: the Benefit
You Can Lead an Issuer to Rule 506(c), but You Can’t Make Them Advertise
This article was originally posted on the “State Bar of Wisconsin’s Business Law Section Blog,” and was written by Attorney Lindsay M. Fedler.
Many people believe most capital is raised by companies (“Issuers”) making initial public offerings or trading on major exchanges such as the NYSE or NASDAQ. Notable 2017 examples include Snap! (parent company
Corporation vs. LLC: Which Should You Choose?
If you’ve decided to create a startup business, one of the many decisions you face is the choice of what type of limited liability entity to form. In Wisconsin, the most typical choices are either the Limited Liability Company (“LLC”) or corporation. I frequently have people ask me whether I can help them set up
Fifth Circuit Rules that a C-Corporation’s S-Corp Affiliate’s Rents Cannot be Classified as Passive Income (Section 469)
A Federal Appeals Court ruled earlier this month that an S-Corporation’s rental income from a lea![irs[1]](https://www.wisconsinbusinesslawblog.com/files/2016/02/irs1.jpg)
se agreement with a C-Corporation with entirely common ownership with the S-Corp, could not be classified as passive activity income, and therefore could not offset the individual’s passive activity losses.
Internal Revenue Code section 469 was passed in the
Crowdfunding Regulations Finally Here!
The SEC released its long awaited Final Crowdfunding regulations in late 2015. We wrote on this topic in the Summer of 2014, when Wisconsin had adopted crowdfunding rules that governed only the State of Wisconsin. Under those state laws, while Wisconsin businesses could rely on the SEC’s intrastate exemption from filing with the SEC