BOI reporting deadline delayed again!
2/28/25
By: William R. Covino and Nancy M. Reimer
Tax practitioners who have been following our prior client updates may be wondering: who, if anyone, actually wants to require millions of small businesses to file Beneficial Ownership Information (“BOI”) reports under …
Ohio Appellate Court ruling reinforces limits on hospital liability for medical malpractice
2/26/25
By: LaShay L. Byrd and Kyle M. Virgin
On January 21, 2025, in Sullivan v. Mercy Health1, the Twelfth Appellate District of Ohio reaffirmed that hospitals cannot be directly sued for medical malpractice. This case highlights the ongoing …
The clock is ticking – New BOI reporting deadlines
2/20/25
By: William R. Covino and Nancy M. Reimer
After several months of waiting, tax practitioners finally have clarity: millions of business owners will need to prepare and file beneficial ownership reports (“BOI Reports”) under the Corporate Transparency Act (the “CTA”). …
Inching closer to a BOI reporting requirement – a potential 30-day extension
2/10/25
By: William R. Covino and Nancy M. Reimer
A new deadline to file beneficial ownership reports (“BOI Reports”) may be imposed soon. As our prior client updates have reported, approximately 32.6 million business entities have been trying to predict whether …
A lawyer’s obligations when advising an organization about conduct that may create legal risks for the organization’s constituents
2/3/25
By: Kevin R. Stone
The American Bar Association recently issued a Formal Opinion. This blog presents a summary of that Opinion. The Opinion addresses situations in which (1) a lawyer gives advice to a client-organization through its constituents; (2) the lawyer …
Illinois statute of limitations bars Plaintiffs’ legal malpractice and breach of fiduciary duty claims
1/30/25
By: Donald Patrick Eckler and Jessica K. Sterna
What is sufficient knowledge of an injury to trigger the statute of limitations where the plaintiff alleges the defendant lawyer had a duty to disclose fraud?
This issue was presented to and …
It’s back, for now – Nationwide ban lifted on Corporate Transparency Act
1/24/25
By: William R. Covino and Nancy M. Reimer
One lesson is certain: tax practitioners trying to navigate whether their clients must file beneficial ownership reports (“BOI Reports”) must remain vigilant.
Yesterday, in McHenry v. Texas Top Cop Shop, U.S. …
Balancing ethics and client wishes: Navigating the attorney’s dilemma
1/7/25
By: Donald Patrick Eckler and Jessica K. Sterna
Attorneys often face complex ethical decisions, especially when they must balance their client’s wishes with their professional obligations. One of the most challenging situations arises when questions of mental capacity come into …
Tick-tock! Illinois Appellate Court clarifies when the statute of limitations begins
12/31/24
By: Thomas T. Bishop and Donald Patrick Eckler
The Illinois Appellate Court, First District recently clarified what qualifies as “notice” for the statute of limitations in an accounting malpractice case.
In Montes v. Gomez Pietrzyk, 2024 IL App (1st) …
Lost chance gets a chance in Illinois legal malpractice case
12/27/24
By: Donald Patrick Eckler
Illinois Appellate Court, First District in PBKM, LLC v. Kutak Rock, LLP, 2024 IL App (1st) 230033 is the first court nationally to adopt the lost chance doctrine in a legal malpractice context. The court …
On again, off again, on again?
12/27/24
By: Nancy M. Reimer
The Fifth Circuit Court of Appeals vacates its stay of the injunction. As we reported on December 26, 2024, the Fifth Circuit Court of Appeals stayed the nationwide injunction enjoining the enforcement of the Corporate Transparency …
Injunction lifted Fifth Circuit Court of Appeals grants a stay of the preliminary nationwide injunction of the Corporate Transparency Act
12/26/24
By: Nancy Reimer
On December 23, 2024 the U.S. Court of Appeals for the Fifth Circuit lifted the temporary injunction issued by the Eastern District of Texas Federal Court reinstating the requirement to file the Beneficial Ownership Interest (“BOI”) form …