Recent Publications - Stella Lellos


FinCEN Issues Update to Corporate Transparency Act
December 28, 2023 | Corporate

On November 29, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an update to the Corporate Transparency Act (CTA), extending the deadline for reporting companies to disclose beneficial ownership information. Once the CTA goes into effect on January 1, 2024, reporting companies created in 2024 will now have 90 days

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The Corporate Transparency Act: Will it Impact You?
October 4, 2023 | Corporate

Please see here for a more recent article reflecting the November 2023 updates to the Corporate Transparency Act.

The Corporate Transparency Act (CTA) will affect most small, privately held businesses starting January 1, 2024. Does the CTA apply to you?

What is the CTA?
The CTA, a law enacted by Congress, will require certain

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Accounting for Digital Assets in Your Estate Plan
March 29, 2023 | Privacy, Data & Cyber Law | Trusts & Estates

The beginning of March marked the collapse of crypto-focused Silvergate Bank. That same month, the bank shut down its Silvergate Exchange Network, which allowed clients with holdings in digital currency to move U.S. dollars from their own account to the bank accounts of other Silvergate customers.

Cryptocurrency, nonfungible tokens and other digital assets and emerging

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If You Sell Marijuana in Any Form, Uncle Sam Wants His Cut
March 11, 2021 | Tax | Cannabis

More and more states across the country are legalizing the sale of marijuana products for medical and/or recreational purposes, but marijuana remains effectively prohibited under federal law as a Schedule I controlled substance within the meaning of the federal Controlled Substances Act of 1970.

There is, however, one important and practical exception to that prohibition:

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Cannabis Investors and Producers Face Need for Due Diligence
September 1, 2020 | Cannabis

The cannabis industry is growing in leaps and bounds, but entrepreneurs interested in developing cannabis companies – as well as business people interested in investing in them – must make certain that they know what they are getting themselves into. That is where “due diligence,” including understanding how the bankruptcy law applies to

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Does the Material Adverse Change Clause Cover COVID-19?
March 20, 2020 | Corporate

In mergers and acquisitions, corporate finance and lending, a period of time often passes between signing the applicable transaction agreement and closing the transaction. During the period when the parties prepare for closing, they are subject to any number of risks that could delay or even prevent the transaction from happening.

With the outbreak of

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Is Coronavirus Covered by Your Contract’s Force Majeure Provisions?
March 18, 2020 | Commercial Litigation | Corporate

Part of the commitment to entering into a contract includes an agreement between parties to perform contractual obligations on a timely basis, with limited exceptions. Contracts frequently include a provision titled “force majeure,” which translates literally from French to mean “superior force.”

Force majeure provisions, generally part of the boilerplate section of a contract and

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Minding Your Business: Succession Planning for Business Owners
March 4, 2020 | Trusts & Estates | Corporate

Business owners are driven, focused, goal-oriented people, who have achieved success by keeping their eyes on the ball at all times. Running a successful business, however, goes beyond running a business day to day. It means having the ability to grow in strong markets, reacting to industry downturn, and most importantly, planning for unforeseen events,

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Startup Term Sheets: Suggestions for Successful Negotiation
June 29, 2018 | Corporate

Stella Lellos published an article in VC-List entitled, “Startup Term Sheets: Suggestions for Successful Negotiation.” The article highlights the importance of a term sheet, describes some of its important terms and discusses the perspective of the venture capitalist who will lend money to an early-stage company.

Click here to read the article.

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A Cross-Border Perspective on Establishing a High-Growth Business
March 22, 2018 | Corporate

Stella Lellos co-wrote an article for USLAW Magazine entitled, “Small Business-Big Options: A Cross-Border Perspective on Establishing a High-Growth Business.”

Click here to read the article.

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