To Clients and Friends of Sacks Tierney: Re: Deadline Approaching for Corporate Transparency Act (“CTA”) Reporting The deadline for the Corporate Transparency Act (“CTA”) requirements and the required reporting is [...]

By: Brian K. Fullmer  Frequently in information technology contracts (such as Master Services Agreements, SaaS Agreements, licenses, and other vendor contracts for businesses), a short but simple statement is the sole clause [...]

By: Brian K. Fullmer May 28, 2024, marks the first day of the new reduced settlement cycle for most broker-dealer securities transactions pursuant to amended rules adopted by the U.S. Securities Exchange Commission (the [...]

Arizona’s Limited Liability Company Act affects existing LLCs. In 2018, Arizona’s Limited Liability Company Act (the “Act”), governing limited liability companies in Arizona, was enacted and, effective September 1, [...]

The Small Business Reorganization Act creates a streamlined and expedited way for small businesses to reorganize without the time and requirements of Chapter 11. In light of the COVID-19 virus, a newly enacted section of the [...]

In light of the COVID-19 virus, a newly enacted section of the Bankruptcy Code, Subchapter V of Chapter 11 (“Small Business Reorganization”) may suddenly become, depending on your perspective, a lifeline for many small [...]

For most multi-member LLCs, the new law’s impact is significant and its consequences potentially harmful. Arizona law governing limited liability companies has been replaced by the new Arizona Limited Liability Company Act, [...]

Switching between insurance policies may result in coverage gaps, and failing to report claims may preclude a defense and coverage. Changing insurance policies without careful consideration can be hazardous to your bottom [...]

In a recent ruling, the Arizona Court of Appeals declined to “mechanically apply” to LLCs the same fiduciary duty principles that apply to corporations and partnerships. n recent years, the “limited liability company” [...]

In June 2011, the U.S. Supreme Court upheld the Legal Arizona Workers Act that the Arizona legislature passed in 2007. The Act, which went into effect January 1, 2008, requires employers to use E-Verify to ensure that workers [...]