Texas recently amended its Business Organizations Code in a bid to become the preferred jurisdiction for business in response to a growing “DExit” movement, which started in 2024 when the head judge of the Delaware Chancery Court nixed a $56 billion compensation deal for Tesla‘s Elon Musk.
GableGotwals has provided independent counsel to the Advisory Committee, with the anticipation that it will continue support the Founding Board over the coming months.
The Financial Crimes Enforcement Network released final reporting rules last year under the Corporate Transparency Act. At present, any Reporting Company formed on or after Jan. 1, 2024, will have 30 days to submit an initial report, while one in existence before Jan. 1, 2024, will have until Jan. 1, 2025, to submit an initial report.
Drones are revolutionizing an array of industries worldwide. With their versatile use-applications and advanced air mobility, opportunities associated with drones are sky-high.
The Corporate Transparency Act becomes effective on January 1, 2024.