Reston Law Group obtained a $1.2 million summary judgment in the United States District Court for the District of Maryland on behalf of one of
A new SBA rule on small business size and status recertification was issued by the U.S. Small Business Administration (SBA) in December 2024, consolidating its requirements into a single regulation codified at 13 CFR 125.12. Because of the far-reaching implications of this new rule, the SBA is delaying the implementation of certain provisions until January 17, 2026. Both buyers and sellers considering a M&A transaction involving an affected small business entity have ample incentive to get a deal done in 2025 so that required recertifications can be made before that date.
There has been a flurry of recent litigation attacking the constitutionality of the CTA. Although on December 23, 2024, a panel of the U.S. Court of Appeals for the Fifth Circuit upheld the law, three days later–on December 26, 2024–a separate panel of the same court struck it down. As a result, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force.
FinCEN’s position is that reporting companies may continue to voluntarily submit beneficial ownership information reports while the ping pong continues through the courts. Reporting companies should monitor any further developments at https://www.fincen.gov/boi and let your Reston Law Group advisor know if you have any questions.
Congratulations to Reston Law client Leverage Information Technologies on joining the Markon Team. You can learn more about the merger here. Reston Law Partners Kevin Learned, Peter
Congratulations to Reston Law client Core4ce on its acquisition of Azimuth. You can learn more about the transaction at Potomac Tech Wire. Reston Law Partners
Congratulations to Reston Law client BGR Group and seven other government and public affairs companies on joining together to form Advocus Partners, a comprehensive advocacy
Congratulations to Reston Law client Seaford Consulting, LLC on joining the Crimson Phoenix Team. You can learn more about the completed transaction here. Reston Law
In July 2022, our firm prepared a Client Alert describing the newly enacted Corporate Transparency Act (“CTA”). The CTA requires certain companies to report “beneficial ownership” and “company applicant” information with the Financial Crimes Enforcement Network (“FinCEN”). Since July 2022, the CTA regulations were finalized, and the requirements begin on January 1, 2024.
Congratulations to Reston Law client DarkStar Intelligence, LLC on its acquisition of Academy Solutions Group, LLC Congratulations to Reston Law client DarkStar Intelligence, LLC on its
Congratulations to Reston Law client Oliver Technology Corporation on its acquisition of Lawgix Services, LLC Congratulations to Reston Law client Oliver Technology Corporation on its