Corporate Governance

Own a Business?

Read this: The U.S. Government may be entitled to some of your personal information, thanks to The Corporate Transparency Act

What is it?

Passed on January 1, 2021, the Corporate Transparency Act (CTA) requires most private  businesses operating in the United States to identify and report to the federal government certain details regarding individuals with ownership or control of the business. Reporting obligations begin January 1, 2024.

The CTA was created in response to concerns over
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Dec. 7, 2023 – More than 40 lawyers gathered at the Italian Community Center in Milwaukee for the State Bar of Wisconsin’s 2023 Diversity Counsel Program on Monday, Dec. 4.

The State Bar of Wisconsin’s Diversity and Inclusion Oversight Committee organized the program, emceed by Milwaukee County Circuit Court Judge Kori Ashley.

Launched by the State Bar in 2004, the Diversity Counsel Program was modeled after the original American Bar Association Minority Counsel Demonstration Program.

Originally designed to increase
Continue Reading Diversity Counsel Program: ‘There’s a Space for You Here’

One of the biggest challenges a compliance officer faces is establishing a strong commitment to creating a culture of compliance and obtaining recognition–there needs to be a compliance “tone from the top” of an organization.  There are numerous potential challenges to getting buy-in for this concept.  This can create frustration for compliance officers aware of the concept of compliance program effectiveness and the importance of a compliance culture beginning at the top of the organization.  A common potential challenge
Continue Reading Compliance Officer Challenges and Commitment to Compliance Culture

Non-profit organizations, by their nature, provide great value through their missions and services. That is at least part of the reason why they typically receive tax-exempt status, including under Section 501(c)(3) of the Internal Revenue Code (IRC). However, that tax-exempt status is fragile and contingent on meeting and maintaining certain requirements, and an organization can end up losing the status without intending to do so.

One of the requirements of 501(c)(3) organizations is that “no part of the net
Continue Reading What’s the Deal with 501(c)(3)’s? (Part 1)

For a relatively short and simple document, a corporate resolution can be of the utmost importance. The use of corporate resolutions are imperative to the lawful continuation of your business. So today, I am going to walk you through the basics of corporate resolutions and why they are so important.

What is a corporate resolution?

A corporate resolution is a document that creates a formal written record of decisions made by a corporation’s board of directors. Resolutions are binding
Continue Reading Resolved: The Importance of Corporate Resolutions