
James G. Smith
Partner
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07.07.2025
Client Advisories
One Big Beautiful Bill Makes Permanent Qualified Opportunity Zones Program … with Changes
On July 4, 2025, President Donald J. Trump signed the bill commonly known as the One Big Beautiful Bill (OBBB) (available here), which includes sweeping tax changes. One of those changes was to the Qualified Opportunity Zones (QOZ) program.

05.28.2025
Client Advisories
Delaware Amends Trade Name Registration Rules
UPDATE: On May 27, 2025, Delaware delayed the effective date of the new trade name registration rules from June 2, 2025 to February 2, 2026. The Delaware Division of Revenue will issue an FAQ guide prior to the extension date. In the meantime, Delaware trade name filings will continue to be handled at the applicable county.

04.10.2024
Client Advisories
An Update on the NY LLC Transparency Act
The federal Corporate Transparency Act (the “CTA”) became effective on January 1, 2024. However, it is not the only legislation requiring the disclosure of a private company’s beneficial owners. On December 22, 2023, New York Governor Kathy Hochul signed the New York LLC Transparency Act (the “NYLTA”). On March 1, 2024, she signed a chapter amendment to the same, which amended certain provisions and prescribed final rules for the NYLTA. Among other changes, this amendment postponed the NYLTA’s original effective date of December 21, 2024. Now, new LLCs formed or registered after January 1, 2026 must comply with the NYLTA within 30 days of formation/registration and LLCs existing prior to January 1, 2026 must comply by January 1, 2027.