The Corporate Transparency Act became effective January 1, 2024 and will require more than 30 million U.S. entities to register in 2024 with FinCEN (a bureau of the U.S. Treasury Department). Most large companies...
While the U.S. Congress may be retarded in its lawmaking responsibilities, the States of Tennessee and Utah recently passed legislation affecting charitable sales promotions as follows: Tennessee: Amended its “Solicitation of Charitable Funds” law...
Verrill's Ruth Mattson and Katherine Galloway will presenting Irrevocable Life Insurance Trust from Start to Finish at the NAELA 2024 Conference on May 3, 2024, at 4:00pm in Boston, MA. Irrevocable Life Insurance Trusts...
Recent Development On March 1, 2024, a federal court in Alabama ruled that the Corporate Transparency Act violates the U.S. Constitution and is unenforceable on its face. The decision ( NSBU v. Yellen...
Health savings accounts offer an opportunity to meet employees’ health care coverage, financial wellness and retirement readiness needs. As employers are thinking about benefits changes for the next open enrollment, now is the time...
It is with deep sorrow that Verrill announces attorney Michael L. Fay passed away unexpectedly on March 18, 2024. Fay was a valued member of the firm since he joined its Boston office as...
We are often asked about the permissibility of excluding certain categories of employees from participating in an employer’s tax-qualified retirement plan. [1] This post provides a high-level summary of what is and is not...
In a victory for consumers and the ride-hailing public, the Massachusetts Supreme Judicial Court recently barred the Secretary of State from placing on the November ballot initiative petitions proposed by companies such as Uber...
Verrill successfully represented an insurer before the U.S. District Court for the District of Maine in an insurance coverage matter alleging that the insurer improperly denied a defense and indemnification to a landlord under...