Basin Legal

For all of our corporate clients: the Trump administration is suspending enforcement of the Corporate Transparency Act. This means that the beneficial ownership information will no longer have to be filed for the time being. We will continue to watch the rule making process and be aware of any developments.

https://www.foxbusiness.com/politics/ftc-votes-ban-noncompete-agreements?intcmp=fb_fnc

FTC votes to ban noncompete agreements The Federal Trade Commission voted 3-2 to approve a final rule banning noncompete agreements nationwide and voiding most existing noncompetes in a move criticized by business groups.

https://www.utahbusiness.com/corporate-transparency-act/

Sponsored: How the new entity registration requirements under the Corporate Transparency Act will affect your business in 2024 Effective Jan. 1, 2024, all entities organized and operating in the United States need to comply with the Corporate Transparency Act (CTA). This will generally require that each entity register its “beneficial owners” with the Financial Crimes Enforcement Network (FinCEN). In this article, we re...

Estate Planning Checklist: Five Tasks to Prioritize Doing these things now, while you’re still physically and mentally healthy, will make things considerably easier for you and your loved ones when the time comes.

A good reminder to get your estate plan done and done professionally.

How To Avoid Aretha Franklin and Prince's Estate Planning Errors Estate planning isn't just for the rich and famous.

https://www.kiplinger.com/retirement/estate-planning-unequal-inheritances-talking-is-key

Estate Planning and Unequal Inheritances: Talking Is Key Open communication now about a parent’s estate plan can help siblings understand why things were done the way they were once the parent passes away.

“Without an estate plan, every state has a plan for you, but rarely is it a plan you want to implement”

Estate Planning Basics Estate planning might sound like something that’s just for wealthy people with huge beach houses and billions in the bank. But the truth is that estate planning is something we all need to think about. No matter how large or small your net worth, estate planning is a process that ensures your ass

https://www.businessinsider.com/personal-finance/need-trust-kids-protects-them-2022-6

I never thought I was rich enough to need a trust for my kids, but it turns out it's the best way to protect them Writer Kelly Burch was always too embarrassed to ask if she needed a trust for her kids since she's not super wealthy.

Guardianship of minor children in the event where parents pass on is an increasingly important topic. The only way to choose who you would leave your child with if you and your spouse were to die is through an estate plan. Leaving a guardian to be court appointed could result in messy family feuds. It is also important to discuss this matter with your children to see who they would want to be left with. Parents are in the best position to determine what is best for their kids. Further, you could continue to provide for your children through a trust if something were to happen to you. If you have any questions about this process or want a consultation, please give me a call.