Blogs

Business and Financial Services

Business Owners: Yes You Still Need to Disclose Who Owns Your Company

Reminder that ALL “Reporting Companies” must file their Beneficial Owner Information Report (“BOIR”) by 12/31/24. The Corporate Transparency Act (“CTA”) is a broad new law requiring filing a BOIR with FinCen for many different Reporting Companies. There are harsh criminal and civil penalties for failure to comply. The civil penalties are potentially $591/day up to…

October 8, 2024

Business and Financial Services

Some Things a Non-profit Should Never Do

Lawyers are quite good at putting the fear of God into their clients and friends. This tendency has even been reduced to the catchy term of laying out the “Parade of the Horribles.” In reality, for non-profits, there are some things you absolutely, positively should never do … and unfortunately, I know many of these…

July 12, 2024

Construction

Charting the Path Forward: Strategic and Legal Considerations for the Construction Industry in 2024

As we conclude our series on navigating the construction industry economy and its ramifications in 2024, we now turn to synthesizing these facts in strategic direction. Recap of Key Industry Challenges Let’s briefly revisit the key challenges and opportunities discussed: Strategic Recommendations for Navigating Economic Uncertainties With a firm grasp of the economic landscape, construction…

June 13, 2024

Construction

Critical Contract Terms for Construction in 2024: Legal Strategies for Navigating Uncertain Economic Waters

We have recently discussed the 2024 construction market and economic conditions, the impact of the same locally and resulting risk issues, and examined the second order impacts from the state of the economy. We now will focus on specific critical contract terms and suggestions that developers and contractors should focus on in the current environment.…

May 20, 2024

Construction

Navigating Second-Order Economic Impacts on Construction: Strategic Legal Insights for 2024

We recently discussed the general construction market in 2024 by sector and the specific economic impacts at play in the construction market. We now turn to discussing some of the second order effects that these economic factors are having in the Washington, DC construction market here in April 2024. We will then raise some specific…

April 30, 2024

Construction

Economic Dynamics and Risk Management in Construction: A Legal Perspective for 2024

In our last article, we discussed the general state of the regional construction economy and how that applies to specific industry vertical markets. We now turn to specific national macro-economic trends and discuss how these trends in turn impact the current regional construction economy. As part of this dialogue, we also discuss how these specific…

April 24, 2024

Construction

Navigating the 2024 Construction Market in Washington, DC – A Sector-by-Sector Analysis

This year has brought about distinct challenges and opportunities in the Washington, DC construction market. These changes reflect the broader economy and specific local dynamics. We will explore the current environment across various construction sectors and identify trends that are shaping the industry. The Decline of Office Space Construction Traditional office building construction, once a…

April 19, 2024

Business and Financial Services

Is a Private School’s 501(c)(3) Status Enough to Subject it to Title IX Compliance Obligations?

In a decision of significance for private schools and other tax-exempt organizations, the United States Court of Appeals for the Fourth Circuit (“Fourth Circuit”) decided recently that merely having 501(c)(3) tax status is not a form of “federal financial assistance” sufficient to subject a tax-exempt school or organization to compliance obligations under Title IX of…

April 17, 2024

Business and Financial Services

Exploring the Spectrum of Nonprofit Tax-Exempt Entities

Determining exactly what type of non-profit structure your entity has, and which exempt organizations may apply, is a critical first question for your organization. The mission, vision, and values are the beating heart of your nonprofit’s activities. Still, fiscal responsibilities play a pivotal role in the survival and success of your organization. In this fourth…

November 15, 2023

Business and Financial Services

Structuring, Growing, and Nurturing Your Nonprofit Board

Non-profit organizations are generally governed by a board of directors. The board retains the chief executive officer, sets the organization’s strategy, establishes the budget, and tries to develop resources to meet the missions and strategy of the organization. The board of directors plays a pivotal role in guiding and amplifying the organization’s efforts. The board…

November 8, 2023