The Corporate Transparency Act (Title LXIV of the NDAA, H.R. 6395)By William A. PriceBusiness and Securities Law, March 2021Congress included the Corporate Transparency Act in the National Defense Authorization Act. The legislation requires filing information on beneficial owners of new U.S. entities and foreign entities which apply for permission to do business in the U.S.
Stock and Similar PlansBy William A. PriceBusiness and Securities Law, October 2019An outline of the tax-advantaged plans that can be used for key employee compensation, tax-deferred owner compensation, compensation for the whole business team, and incentive compensation under the Internal Revenue Code.
Trump Administration administrative rules actionsBy William A. PriceAdministrative Law, January 2018The current federal administration has made “deconstruction of the administrative state” an issue, and a variety of news articles have suggested some success in reducing new regulations on business.
Service of process and adequacy of notice in administrative casesBy William A. PriceAdministrative Law, June 2017The Illinois Supreme Court has only issued one administrative review law decision so far in 2017-- Stone St. Partners, LLC v. City of Chicago Dep’t of Admin. Hearings-- but it raises significant practice issues for agencies and practitioners.
Federal regulatory agendasBy William A. PriceAdministrative Law, December 2014The federal Office of Information and Regulatory Affairs (OIRA) recently released a six-month update of the Unified Agenda, which lists federal regulations currently pending and planned.
From the editorsBy J.A. Sebastian & William A. PriceAdministrative Law, July 2014An introduction to the issue from co-editors J.A. Sebastian and Bill Price.
New SEC crowdfunding rulesBy William A. PriceBusiness and Securities Law, November 2013An update on the rules governing crowdfunding.
U.S. Supreme Court decisions with administrative law issues, October Term 2012By William A. PriceAdministrative Law, August 2013This is the first in a planned series of case notes on the full Court term. This first article covers cases where the first party’s name (the appellant) begins with “A” through “D” in the listing of cases contained in the ABA Preview of US Supreme Court Cases, 2012-2013 term.
Federal Regulatory Agenda, as of January 24, 2013By William A. PriceAdministrative Law, February 2013The Office of Information and Regulatory Review of the Office of Management and Budget maintains a “regulatory dashboard” that has the current status for all regulatory proposals that would impose more than $100 million in compliance costs.
Independent Tax Tribunal ActBy William A. PriceAdministrative Law, July 2012An overview of the Tax Tribunal, whose jurisdiction will commence on July 1 of next year.
State and federal regulatory agendasBy William A. PriceAdministrative Law, June 2012Some useful information about where to find state and federal regulatory agendas online.
2011 veto session legislationBy William A. PriceAdministrative Law, January 2012The Illinois General Assembly passed a companion bill and primary bill HB3851, which, with House Amendment No. 1, allowed the City of Chicago to use cameras to produce issuance of tickets for speeding. The Administrative Law Section Council commented adversely on same, suggesting full funding for Secretary of State hearings functions, and making some due process suggestions for fairer administrative case resolution under the new law. These comments were sent to ISBA staff and the Committee on Legislation for further discussion and action as appropriate. ■
New Illinois Tax Tribunal authorizedBy William A. PriceAdministrative Law, January 2012The General Assembly took some time for administrative law and other matters when passing the Sears and CME tax breaks. Public Act 097-636 creates an Independent Tax Tribunal Board as of July 1, 2103, to hear protests of notices of tax liability and notices of deficiency for all taxes administered by the Illinois Department of Revenue.
JCAR Flinn Report notesBy William A. PriceAdministrative Law, December 2011Summaries of recent Flinn Reports.
Are “drag along” provisions valid in Illinois?By William A. PriceBusiness and Securities Law, November 2011Private equity transactions routinely include the right to compel owners of a minority interest in a company to take the same price that the majority gets in future deals, without the appraisal and “fair value” process provided in the Illinois Business Corporation Act. Is this type of provision valid?
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