(316) 262-2671

Morris Laing News and Articles

Corporate Transparency Act: Overview of New Reporting Requirements Under the Corporate Transparency Act

The Corporate Transparency Act (CTA) became effective on January 1, 2024. It was passed by Congress in early 2021 as a part of the National Defense Authorization Act. The CTA imposes upon most companies the obligation to report to the Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Department of Treasury, the names and other personal information of the individuals who exercise “substantial control” over registered companies, including certain owners. Does your company need to report?

read more

Breaking News: Trump Administration Announces End of DACA Program for “Dreamers”

DACA was implemented in 2012 to provide temporary legal status and work authorization to nearly 800,000 “dreamers,” who were brought to the United States as young children, with little or no memory of or connection to their birth countries. Participation in the program was limited to individuals: (1) brought to the U.S. before their 16th birthday; (2) under the age of 31; (3) who continuously resided in the U.S. since June 15, 2007; (4) who were in school, graduated or had obtained a high school diploma, a GED certificate, or were honorably discharged from the Armed Forces; and (5) without a criminal record involving a felony or significant misdemeanor.

read more

Filing for Bankruptcy in Kansas: What You Need to Know

If you get in over your head in debt and the bills continue to pile up, you may wonder if filing bankruptcy is the way to go. Under Kansas law, bankruptcy is meant to be a last-resort option. It isn’t a cure-all for all financial ills. However, there are situations where bankruptcy can provide a much-needed fresh start or more breathing room to get finances under control.

read more