Corporate and M&A
This is a TAGLaw Specialty Group, which is open to TIAG members.
Meet the Co-chairs - TIAG
Burgis & Bullock
Meet the Co-chairs - TAGLAW
Mitchell Silberberg & Knupp LLP
Meet the Co-chairs - TAG-SP
Contact: Wayne Berkowitz, CPA, J.D., LL.M.
It's called the Freelance Isn't Free Act (FIFA) and as of May 15, 2017 it has changed the playing field for those who hire freelancers in New York City. Businesses using freelancers are well advised to review and revise their practices in light of the new rules.
Under FIFA, a freelancer is defined as any natural person or organization composed of no more than one person that is hired or retained as an independent contractor to provide services in exchange for compensation. Excluded from FIFA are salespersons working as independent contractors, practicing lawyers, and licensed medical professionals. Engagements with freelancers must amount to $800 or more calculated over a 120 day period in order to be subject to the new rules. FIFA requires that companies engaging freelancers to provide the qualifying amount of services must enter into a written contract.
National Company Law Tribunal finally gets notified. Sunrise moment in Corporate Law judicial framework
The Ministry of Corporate Affairs, on 1st June 2016, notified
the constitution of the National Company Law Tribunals (‘NCLT’) and National Company Law Appellate Tribunals (‘NCLAT’). It is in a sense a sense of achievement for the Government of India to have finally constituted these long-overdue tribunals. The conceptualisation, creation of legal provisions and the final constitution of NCLT and NCLAT was a long drawn process that spanned almost a decade and a half.
Author: Simon Chapman and Wende Hubbard of Burgis & Bullock (Warwickshire, England - TIAG)
With effect from 6 April 2016, all non-listed UK companies and limited liability partnerships (“LLPs”) are required to create and maintain a register of the people that have significant influence or control over them (“PSC Register”). These registers will be open for public inspection and there are criminal sanctions for non-compliance.
Contact: David Prichard; ESV Group (New South Wales, Australia)
Australia’s tax laws can be complex for foreign companies. That’s why it’s crucial to understand the tax implications of how you set up your operations, to ensure your business is efficient and effective in line with Australia’s tax laws.
Contact: Leigh Drummond, ESV (New South Wales, Australia)
The Federal Government has recently changed the business name registration system in an effort to prevent new business names being registered which are similar or identical to existing registered names.
Applications for new business names made on or after 14 July 2015 continue to be administered by ASIC as regulator and the changes do not affect any names that were already registered prior to this date.