January Update: Understanding the Corporate Transparency Act

Welcome to More From Fourscore

What new resources do we have for you this month? Take a look at our quick video from Fourscore Attorney Ben Jacob.https://www.youtube.com/watch?v=RHBED6fE4Aw

Corporate Transparency Act FAQs

On the blog, Ben wrote a post about the Corporate Transparency Act (CTA). His piece provides an overview explaining what the CTA entails, who it affects, and the crucial steps for compliance, along with an explanation of the penalties for noncompliance. Read it here.

New Raleigh Founded Location: Cary, N.C.

Coworking organization Raleigh Founded is expanding, opening a new location in an existing building in downtown Cary, North Carolina. This location will include 35 offices plus classrooms and open, collaborative spaces. It's set to open in March. Learn more about the new space.

Tromml Works with Amazon Partner

Congrats are in order for our client Tromml, an AI-powered insights platform for eCommerce sellers in the auto parts industry. Tromml has joined the Amazon Selling Partner Appstore. This move broadens auto parts sellers' access to valuable insights. Learn more about this partnership.

Open Sky

Fourscore client Open Sky Group announced a three-vendor partnership that enables Arcadia Cold Storage and Logistics to launch five new national distribution centers. Open Sky Group's technology allows direct data extraction for more efficient billing. Learn about the collaboration.

Washington's Hammer

Client Washington's Hammer, selected as one of the 2023 Washington D.C. Techstars, is streamlining U.S. Naval repairs. The N.C. State Office of Research and Innovation recently published a piece about the company's advancements and its husband & wife founder team.

New Video Series Available for Startups

Our team has created a series of videos for entrepreneurs. The videos cover topics like how to set up an entity, equity compensation, stock options, and more. You can access the entire series here for free. We hope these resources will be helpful for you and your colleagues!Picture on the top is by Christina Morillo and is in the public domain.Headquartered in the Research Triangle region of North Carolina, Fourscore Business Law serves entrepreneurs and businesses in the Triangle, throughout the Southeast and in Silicon Valley / San Francisco. We also represent venture capital funds and other investors who invest in companies throughout the U.S. The idea of delivering maximum impact in a simple and succinct manner is what we’re calling the Fourscore Principle. And that is what Fourscore Business Law is based on. Our clients operate in a broad range of industries including tech, IoT, consumer products, B2B services and more. Questions? Shoot us an email or give us a call at (919) 307-5356. Your first call is on us.

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Tax-Free Reorganizations

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Navigating the Corporate Transparency Act: Compliance and Consequences for Businesses