Corporate & Business Archives - Partridge Snow & Hahn

Client Alerts Commercial & Public Finance Corporate & BusinessTax-Exempt Financing for 501(c)(3) Borrowers – Part I: Eligibility and Issuance

May 5, 2025

By Eugene Bernardo and David DiSegna When borrowing for capital projects, 501(c)(3) borrowers often have various options to achieve their financing goals. Traditional financing through a bank or engaging in specific capital campaign fundraising efforts are well-known options. However, tax-exempt bond financing may also be available to certain non-profit borrowers. While there are often many...

Client Alerts Corporate & BusinessCorporate Transparency Act: FinCEN Narrows Reporting Rules, Exempting U.S. Entities and Beneficial Owners

April 2, 2025

By Lawrence Sheh, Brian Reilly, and Madeline Ursini On March 21, 2025, the Financial Crimes Enforcement Network issued an interim final rule exempting all U.S. entities and their beneficial owners from beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA). The new rule narrows the definition of “reporting company” to exclusively apply to entities...

Client Alerts Corporate & BusinessCorporate Transparency Act Enforcement Suspended

March 3, 2025

By Lawrence Sheh, Brian Reilly, and Madeline Ursini In a February 27, 2025 press release, FinCEN announced that despite the updated March 21, 2025 beneficial ownership information (“BOI”) report filing deadline, the agency will not issue any fines or penalties or take any other enforcement actions for noncompliance with the Corporate Transparency Act based on any failure to...

Client Alerts Corporate & BusinessCorporate Transparency Act Reporting Obligations Reinstated with March 21, 2025 Filing Deadline for Most Filers

February 20, 2025

By Lawrence Sheh, Brian Reilly, and Madeline Ursini On February 18, 2025, a Texas federal district court judge stayed the nationwide preliminary injunction on the enforcement of the Corporate Transparency Act (CTA), reinstating beneficial ownership information (BOI) reporting obligations. This decision marks the latest development in a series of legal challenges to the CTA, including multiple injunctions, stays,...

Client Alerts Corporate & Business Litigation & Disputes NonprofitFederal Funding Pause: Understanding the White House’s Memo and Subsequent Court Rulings

February 3, 2025

By Elizabeth O. Manchester, James P. McGlone, and Kelley J. O’Donnell On Monday January 27th, the White House’s Office of Management and Budget (OMB) issued a memorandum instituting a pause on federal grant and loan programs. This memo quickly became the subject of litigation, further guidance from the White House, and court orders temporarily blocking...

Client Alerts Corporate & Business NonprofitAnother Attack on Diversity and Inclusivity Efforts Post Students for Fair Admissions (SFFA) Supreme Court Decision

January 29, 2025

By Elizabeth O. Manchester, Russell J. Stein, and Kelley J. O’Donnell The American Alliance for Equal Rights (AAER) filed suit against McDonald’s in federal court over the corporation’s scholarship program for high school students of Hispanic and Latino descent, the Hispanic American Commitment to Educational Resources (“HACER”) program.[1] The complaint alleges the scholarship program is racially discriminatory in...

Corporate & Business Nonprofit Press ReleasesPSH’s Elizabeth Manchester and Russell Stein Present “Fiscal Sponsorship” Webinar to Legal Food Hub Members

January 27, 2025

PROVIDENCE, RI, January 27, 2025 – Partridge Snow & Hahn LLP (PSH) Partners Elizabeth O. Manchester and Russell J. Stein will present a webinar on fiscal sponsorship to Legal Food Hub members on February 5. As part of the Legal Food Hub’s free winter webinar series, Manchester and Stein will provide information to help farmers,...

Client Alerts Corporate & BusinessCorporate Transparency Act: Reinstatement of Preliminary Injunction

December 30, 2024

By Lawrence Sheh, Brian Reilly, and Madeline Ursini The U.S. Court of Appeals for the Fifth Circuit has reinstated a nationwide preliminary injunction on the enforcement of the Corporate Transparency Act (the “CTA”). The preliminary injunction, which had previously been stayed by a three-judge panel of the Fifth Circuit, pauses the beneficial ownership information (“BOI”) reporting requirements under...

Corporate & Business Press ReleasesPartridge Snow & Hahn Partner Colin A. Coleman Retires

December 30, 2024

BOSTON, MA, December 30, 2024 – Partridge Snow & Hahn (PSH), a full-service business law and litigation firm, announces the retirement of esteemed Partner Colin A. Coleman, effective December 31, 2024. Colin has been an integral part of our firm since 2016, bringing three decades of experience from his boutique corporate law practice. Throughout his...

Client Alerts Corporate & BusinessCorporate Transparency Act Update: Enforcement of Corporate Transparency Act Resumes After Court Stays Preliminary Injunction

December 24, 2024

By Lawrence Sheh, Brian Reilly, and Madeline Ursini On December 23, 2024, the 5th U.S. Circuit Court of Appeals granted a stay of the nationwide preliminary injunction granted earlier this month blocking the enforcement of the Corporate Transparency Act (the “CTA”). As a result, reporting companies’ beneficial ownership reporting obligations are once again enforceable. As...

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