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Prevention is always preferable to cure.  We always look out for what’s ahead to ensure clients stay ahead of the curve. Our newsletters, seminars, and videos focus on the law so that you can focus on your business.

FEDERAL COURT BLOCKS REQUIREMENT FOR COMPANIES TO FILE BENEFICIAL OWNERSHIP INFORMATION (BOI) WITH FINCEN AS REQUIRED BY THE CORPORATE TRANSPARENCY ACT (CTA)

By Frank Sardinha, III | Dec 20, 2024

On Tuesday, December 3, 2024, a federal court in Texas issued an order that: (1) enjoins the CTA, including enforcement of that statute and regulations implementing its beneficial ownership information reporting requirements, and, specifically; and (2) stays all deadlines to comply with the CTA’s reporting requirements. Prior to the order, the CTA required companies to file a FEDERAL COURT BLOCKS REQUIREMENT FOR COMPANIES TO FILE BENEFICIAL OWNERSHIP INFORMATION (BOI) WITH FINCEN AS REQUIRED BY THE CORPORATE TRANSPARENCY ACT (CTA)

The Corporate Transparency Act: What you need to know

By Bruce E. Loren | Mar 12, 2024

The newly-enacted Corporate Transparency Act (CTA) will require many businesses (such as corporations or limited liability companies) to disclose the names of the companies’ beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This article explains basic information about the newly enacted law and what is required of each reporting company. I.   What is the The Corporate Transparency Act: What you need to know

CONGRATULATIONS TO OUR NEW PARTNERS AND OF COUNSEL

By Michael I. Kean | Dec 8, 2023

Loren & Kean Law is proud and excited to announce that Allen Heffner and Kyle Ohlenschlaeger have become Partners and Frank Sardinha has become Of Counsel.  Allen, Kyle and Frank are integral members of our firm who have been instrumental in the growth of the firm over the last 8½ years, and its continued and CONGRATULATIONS TO OUR NEW PARTNERS AND OF COUNSEL

Understanding Force Majeure Clauses in Contracts

By Bruce E. Loren | Dec 4, 2023

Businesses deal with contracts on a daily basis—employment agreements, leases, construction agreements, purchase agreements, etc. However, even the most meticulously crafted agreements may encounter unforeseen circumstances that disrupt the normal course of business. In such instances, the force majeure clause becomes a vital component, providing a framework safety valve to address unexpected events that are Understanding Force Majeure Clauses in Contracts

Employer Compliance with EEOC Demographic Reporting

By Josh Loren | Nov 29, 2023

The EEO-1 Report is an often-overlooked element of labor law compliance that clients are sometimes surprised to learn about. If you are a private employer with at least 100 employees (or a federal contractor with at least 50 employees) you have the obligation to annually submit workforce demographic data to the Equal Employment Opportunity Commission Employer Compliance with EEOC Demographic Reporting

RECENT VICTORIES OF LOREN & KEAN LAW

By Bruce E. Loren | Nov 21, 2023

Loren & Kean Law secured resounding victories for their clients this past month.   First, in an appellate case that centered around a tenant’s claim to possession of real property, Allen Heffner with Bruce Loren, successfully represented a landlord in an appeal by the tenant of the trial court’s order granting summary judgment of eviction. RECENT VICTORIES OF LOREN & KEAN LAW

THE NOTICE OF ASSIGNMENT: A REFRESHER COURSE

By Allen J. Heffner | Nov 20, 2023

The Notice of Assignment is probably the single most important document for a Factor. Understanding what needs to be included in the Notice of Assignment, how to send it, and who to send it to can mean the difference between getting paid and not. Despite the fact that every Factor is (or should be) familiar THE NOTICE OF ASSIGNMENT: A REFRESHER COURSE

How to Keep Your Trade Secrets “Secret”

By Frank Sardinha, III | Oct 22, 2022

Often, a company’s most valuable assets can be its “trade secrets.” The formula for Coke holds an immense value for Coke. What makes a trade secret so valuable is the fact that the secret is truly secret. What is a trade secret? Congress has defined a trade secret in a broad sense as all forms How to Keep Your Trade Secrets “Secret”

Cross-Default Provisions in Construction Contracts

By Bruce E. Loren | Oct 17, 2022

Contractors commonly enter into subcontracts with the same party concerning numerous, separate projects. These subcontracts sometimes contain “cross-default” provisions, which have significant implications on all outstanding subcontracts. You should know what a cross-default provision is, how to spot one, and how to use one for the benefit of your own business. What is a cross-default Cross-Default Provisions in Construction Contracts

Accepting a Reduced Final Payment – The Project Close-out Change Order

By Kyle W. Ohlenschlaeger | Oct 13, 2022

Waiting to get your retainage payout is an unfortunate reality for many subcontractors. Whether it is because there is work from others that needs to be completed, there is a dispute not involving your work between the owner and general contractor, or any number of other reasons, you continue to request payment and the only Accepting a Reduced Final Payment – The Project Close-out Change Order