MSN Law Office

Client Alert: Corporate Transparency Act Compliance

Corporate Transparency Act Compliance Columbus, Ohio

The Corporate Transparency Act (CTA), which aims to combat money laundering, tax fraud, the financing of terrorism, and other illicit activity through the use of anonymous shell and front companies, has officially gone into effect. This new requirement affects nearly all of our clients by requiring “reporting companies” to report beneficial ownership information (BOI) to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN). New business entities will also have to disclose information about who created the entity or registered it to do business in the U.S. 

Navigating the Legal Potholes of Small Business

Navigating Legal Potholes Small Business Columbus, OH

Shay joins Ashley Cox’s podcast, The Ripple Effect, to discuss the legal potholes of small businesses. 
Excerpt: We discussed the complexities of employment laws, where Shay emphasized the importance of having legal support to help you protect your business from potential lawsuits and reputation damage. 

FTC Proposes Rule Banning Noncompete Agreements

FTC Proposes Rule Banning Noncompete Agreements

We’re currently monitoring the Federal Trade Commission’s proposed rule that would ban the use of noncompete agreements with workers nationwide, including with independent contractors. If the rule becomes final, existing noncompete agreements will have to be rescinded within 180 days, and employers will have to send individual notices to their current and former workers that the […]

Disclosing Salary Information: Nice to Do or Must Do?

Disclosing Your Salary Information Columbus, Ohio

Everyone we talk to is struggling to hire new employees. Among other hiring challenges is the question of whether your job description should disclose the pay range for the position. As legal counsel, we’re not here to wade into the debate over whether it’s more equitable to disclose a pay range (it is*) or whether you’re in a better bargaining position if you require candidates to disclose first. But we do want to make small businesses and nonprofits aware of the changing legal landscape. 

Advertising Law: What Small Businesses Need to Know

Advertising Law Columbus, Ohio

Being an entrepreneur requires you to wear many hats. Not only do you have to provide a great product or service, but you’re also responsible for all of the financial details like setting prices, learning how to use accounting software, managing expenses; long term strategic planning, especially if you plan to grow the business; and human resources and the never-ending challenging of managing people. But no matter what kind of business you run, it seems like your “real” job is sales and marketing. After all, none of the other staff matters if you can’t get customers or clients to buy what you’re selling. 

Applying for Tax Exempt Status? Pitfalls to Watch Out For

Applying for Tax-Exempt Status Columbus, OH

​If you’ve ever considered starting a nonprofit organization, then you’ve probably taken a look at the IRS’ Application for Recognition of Tax-Exempt Status. IRS Form 1023 is a daunting application to say the least. At one point, the IRS estimated that for the average person to properly complete and submit the form would take more than 100 hours. It is the equivalent of getting audited before your organization even gets started. And after putting in all of that work, nearly 15% of applications never get approved.

What are some of the common mistakes that could hinder or delay your application, effectively destroying your mission-driven project before it even gets off the ground?

Protecting Your Online Content

Protecting Your Online Content Columbus, OH

The Copyright Office has a new registration option for what it is calling “short online literary works,” which includes blog posts, social media posts, and other short online articles. If your business provides content via the Internet, should you be using this new registration option to protect your work? What about online courses, podcasts, and […]

Losing Your Trademark Rights

Losing Your Trademark Rights Columbus, OH

How do you make sure the time and expense you just went through to get your trademark registered in the first place doesn’t go down the drain? What do you need to know to avoid losing your trademark rights?

Joint Venture Checklist

Joint Venture Checklist Columbus, OH

There are many reasons why you might consider partnering with another business or nonprofit. Often, working with another business that is not a direct competitor can provide your business with some expertise that it doesn’t already have or that you may not have the resources to develop in-house. This can lead to the formation of […]