If you have an LLC you must comply or face fines and possible prison

If you have an LLC you must comply or face fines and possible prison

You work hard. Now get ready to work harder to prepare to give more.

If you own or are a member of an LLC.
You have a deadline of January 1, 2025

The new Beneficial Ownership Reporting requirements for LLCs and other corporations come under the Corporate Transparency Act (CTA) and will go into effect on January 1, 2024.

The Corporate Transparency Act (CTA) of 2021 was enacted to combat financial crimes such as money laundering, tax evasion, and terrorist financing. It requires corporations, limited liability companies (LLCs), and similar entities to disclose their beneficial owners—the individuals who own or control these entities—to the Financial Crimes Enforcement Network (FinCEN).

Under the CTA, businesses must provide information such as names, addresses, and identification numbers of beneficial owners.

The goal is to prevent criminals and politicians from using anonymous entities to conceal their identities. Criminals that use entities using their real name still have to register.

Most small and privately held companies are subject to this law, although there are exemptions for heavily regulated entities.

The law became effective in 2021, with reporting requirements started in 2024.

Failure to comply can result in fines and even imprisonment.

Penalties: Failure to report can lead to penalties of $500 per day for non-compliance, and could even result in fines up to $10,000 or imprisonment for up to two years.

Legal Counsel and Your Rights

When facing legal challenges, particularly in criminal cases, it is advisable to seek legal counsel immediately.

An experienced attorney can provide guidance on how to navigate interactions with law enforcement while safeguarding your constitutional rights.

Since 1993 our expert legal defense in navigating criminal law matters and protecting your constitutional rights are what we eat for breakfast everyday.

Contact Komorn Law PLLC if you’re ready to fight and win.

Research us and then call us.

Other Articles

A secured and safe vote thanks to new laws in Michigan

A secured and safe vote thanks to new laws in Michigan

Governor Whitmer Signs Historic Election Bills Package to Ensure Every Vote Can be Cast and CountedIn Case You Missed It November 30, 2023 “Today, we are expanding voting rights and strengthening our democracy,” said Governor Whitmer. “Michiganders spoke clearly last...

Cannabis – The Rise and Fall and Trail of Survivors Pile Up

Cannabis – The Rise and Fall and Trail of Survivors Pile Up

Thieves make off with 1,000 pounds of premium flower in cannabis from a corporate grower in Michigan. Then, the GM sells off 650+ pounds to pay employees.The recent theft of over 1,000 pounds of marijuana from 305 Farms, a corporate cannabis grower in West Michigan,...

What is Recidivism in Legal Terms?

What is Recidivism in Legal Terms?

What does Recidivism mean?In legal contexts, recidivism refers to a person’s relapse into criminal behavior, often after having been previously convicted and penalized for similar or other crimes. When someone re-offends, they are described as a "recidivist."...

Your Past Charges Could Affect Decisions for New Charges

Your Past Charges Could Affect Decisions for New Charges

Michigan Court of Appeals - PEOPLE v. JAMES THOMAS MASON, JR.Jail vs ProbationIn People v. James Thomas Mason, Jr., the Michigan Court of Appeals dealt with whether the district court could reasonably depart from the usual “no jail, no probation” presumption for a...

Compounding Charges Laws in Michigan

Compounding Charges Laws in Michigan

Understanding Compounding Charges Laws in Michigan

Compounding charges refer to the illegal act of accepting or agreeing to accept a benefit in exchange for not prosecuting a crime. In Michigan, this is considered a serious offense, and the law specifically prohibits it under Michigan Laws.

What is Compounding?

Compounding occurs when a person involved in or aware of a crime chooses not to report it or prosecute it in exchange for something valuable. Essentially, it’s a way of “settling” the matter privately instead of going through the legal system, often through money, services, or other forms of compensation.

The Michigan Law (MCL 750.122)

According to MCL 750.122, it is illegal for someone to:

  • Accept money, property, or any advantage in exchange for agreeing not to pursue charges or report a crime.
  • Offer money or benefits to someone else to prevent them from prosecuting or reporting a crime.

This law applies to both the person who might report the crime (such as the victim) and the person who offers the benefit (such as the offender). The law makes it clear that the proper way to handle any crime is through the court system, not private arrangements.

Attorney Michael Komorn

Attorney Michael Komorn

State / Federal Legal Defense

With extensive experience in criminal legal defense since 1993 from pre-arrest, District, Circuit, Appeals, Supreme and the Federal court systems.

KOMORN LAW (248) 357-2550

Penalties

The penalties for compounding can vary based on the severity of the underlying crime. Under MCL 750.122(7), if the crime being “settled” is a felony, then compounding the charge is also treated as a felony. If the crime is a misdemeanor, compounding becomes a misdemeanor. This ensures that compounding is not an easy way out of legal consequences.

Why This Matters

The reason compounding charges are treated so seriously is to ensure justice. When someone allows a crime to be hidden in exchange for personal gain, it undermines the justice system and can allow criminals to avoid punishment.

In Michigan, the law against compounding charges is clear and strict. It is never legal to accept or offer benefits in exchange for not prosecuting or reporting a crime. The courts are the proper avenue for handling all criminal matters.

For more details, you can view the specific law on the Michigan Legislature website (MCL) Section 750.122.

Any Exceptions?

In Michigan, there are no exceptions that allow for compounding charges under MCL 750.122.

The law is strict in prohibiting any agreement to accept compensation in exchange for not reporting or prosecuting a crime.

This means that regardless of the circumstances, a person cannot legally accept money, services, or other benefits to refrain from involving the legal system in a crime.

Unless you are rich and famous or a politician.

However, while MCL 750.122 prohibits private settlements or agreements to avoid prosecution, there are legal alternatives within the justice system itself, such as plea bargains and restitution agreements.

These are formal processes, overseen by courts or prosecutors, where a defendant may agree to plead guilty to a lesser charge or make amends to the victim. Importantly, these arrangements are part of the legal system and are monitored to ensure fairness and justice.

Exactly how many people are locked up for weed?

“The best we can do is an educated guess.”

The Last Prisonor Project

Note: This article provides a general overview and does not substitute for legal advice. Anyone charged with an offense should consult an attorney for specific legal guidance. Don’t forget the internet is full of “Misinformation”

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Harris unveils new proposals targeting black men with cannabis legalization

Harris unveils new proposals targeting black men with cannabis legalization

“Harris unveils new proposals targeting Black men as she looks to shore up Democratic coalition” CNN

Amid the ongoing national issues, Vice President Kamala Harris introduced new initiatives on Monday aimed at addressing the needs of Black men as she works to bolster her coalition in anticipation of the upcoming Election Day.

Legalizing Cannabis

The proposal aims to provide Black men “with the tools to achieve financial freedom, lower costs to better provide for themselves and their families, and protect their rights,” according to a release by the campaign.

Part of the proposal includes providing one million loans that are fully forgivable up to $20,000 to Black entrepreneurs and others to start a business. According to the campaign, the loans would be provided through a new partnership between the Small Business Administration and some lenders and banks.

Harris is also calling for creating and investing in programs that help expand pathways for job opportunities for Black men, including promoting apprenticeships, strengthening the Public Service Loan Forgiveness program and investing in more Black male teachers.

On the campaign trail, Harris has said she will cut college degree requirements for certain federal jobs if elected president.

Read the rest here at CNN

Attorney Michael Komorn

Attorney Michael Komorn

State / Federal Legal Defense

With extensive experience in criminal legal defense since 1993 from pre-arrest, District, Circuit, Appeals, Supreme and the Federal court systems.

KOMORN LAW (248) 357-2550

Think National Legalization Will Save You?

No soup for you says the Michigan Court of Appeals. Back to the public health code you go.

Court of Appeals Opinion

Because we conclude the MRTMA provides no such proscription,we affirm the trial court’s denial of the motion to dismiss, and the case is remanded to the circuit court for trial on felony charges.

If you want to know more read the opinion here, otherwise just call our office if you get in the same sticky situation.

STATE OF MICHIGAN v JULIA KATHLEEN SOTO – MRTMA – COA 20241007_c370138_23_370138.opn

Exactly how many people are locked up for weed?

“The best we can do is an educated guess.”

The Last Prisonor Project

Here is some interesting related info

The report entitled Weighing the Impact of Simple Possession of Marijuana: Trends and Sentencing in the Federal System updates a 2016. As of January 2022, no offenders sentenced solely for simple possession of marijuana remained in the custody of the Federal Bureau of Prisons.”

(One might assume not many people get arrested for “Simple Posession” by the Feds).

Note: This article provides a general overview and does not substitute for legal advice. Anyone charged with an offense should consult an attorney for specific legal guidance. Don’t forget the internet is full of “Misinformation”

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Maker of CBD products asks court to decide

Maker of CBD products asks court to decide

The Petitions of the Week column highlights a selection of cert petitions recently filed in the Supreme Court. A list of all petitions we’re watching is available here. Organized crime, from the mafia to small-time money laundering schemes, often evades criminal...

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New laws for 2024 – Buckle Up

New laws for 2024 – Buckle Up

States nationwide will welcome the upcoming year with the implementation of laws tackling crucial matters such as gun violence, book bans, and the introduction of gender-neutral toy sections. These legislative advancements are set to take effect throughout 2024,...

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Biden Issues More Cannabis Pardons but…

Biden Issues More Cannabis Pardons but…

Joe Biden has extended pardons for individuals charged with simple cannabis possession and use, yet disappointingly, he has refrained from granting clemency to those currently incarcerated for cannabis-related offenses.In an extension of the previous year's extensive...

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Working With and Not Against, IRS Revenue Code 280E

Working With and Not Against, IRS Revenue Code 280E

Cannabis operators face IRS Revenue Code 280E restrictions, but smart tax planning and strategies allow entrepreneurs to mitigate its impact on their business.Komorn Law is Michigan's top cannabis law firms when it comes to licensing, consulting and legal defense....

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Oklahoma’s wild marijuana market is about to shrivel

Oklahoma’s wild marijuana market is about to shrivel

The world's weed market, once booming with nearly 14,000 licensed medical marijuana businesses at its peak, has experienced a steady decline since Oklahoma voters overwhelmingly rejected a recreational legalization referendum in March. Heightened enforcement by state...

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NEWS RELEASE: USSC Adopts 2023 Amendments

NEWS RELEASE: USSC Adopts 2023 Amendments

WASHINGTON, D.C. ― Equipped with a quorum of Commissioners for the first time since 2018, the bipartisan United States Sentencing Commission voted today to promulgate amendments to the federal sentencing guidelines. “The Sentencing Commission is back in business,”...

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Ohio voters say yes to legal recreational cannabis

Ohio voters say yes to legal recreational cannabis

Recreational marijuana has been legalized in Ohio as voters overwhelmingly approved State Issue 2 on Tuesday. This groundbreaking decision now enables adults in Ohio to legally experience the advantages of marijuana for recreational purposes. “Marijuana is no longer a...

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Cleary becomes latest US law firm to add non-equity partners

Cleary becomes latest US law firm to add non-equity partners

See you in the Home Depot lot.

Oct 10, 2024 (Reuters)

Cleary Gottlieb Steen & Hamilton will create a new category of non-equity partners, becoming the latest major U.S. law firm to move away from the traditional single-tier structure in which all partners have an ownership stake in the firm.

Adopting a non-equity partnership tier is “an important step for Cleary as we continue to strategically grow,” a firm spokesperson said in a Thursday statement. “Innovating in this way underscores our dedication to developing and retaining talent,” the spokesperson said.

New York-founded Cleary had 180 partners in 2023, according to figures published by the American Lawyer.

The firm generated more than $1.4 billion in total revenue, and profit per equity partner averaged $4.5 million, according to the American Lawyer data. Cleary has about 1,100 lawyers globally.

Read the full article here at Reuters

Attorney Michael Komorn

Attorney Michael Komorn

State / Federal Legal Defense

With extensive experience in criminal legal defense since 1993 from pre-arrest, District, Circuit, Appeals, Supreme and the Federal court systems.

KOMORN LAW (248) 357-2550

Other

When Can Police Take Your Dash Cam?

When Can Police Take Your Dash Cam?

You work hard. Now get ready to work harder to prepare to give more.In Michigan, police can take your dashcam footage in specific situations, primarily when they believe it could serve as evidence in a criminal investigation. Michigan law permits officers to seize...

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A secured and safe vote thanks to new laws in Michigan

A secured and safe vote thanks to new laws in Michigan

Governor Whitmer Signs Historic Election Bills Package to Ensure Every Vote Can be Cast and CountedIn Case You Missed It November 30, 2023 “Today, we are expanding voting rights and strengthening our democracy,” said Governor Whitmer. “Michiganders spoke clearly last...

read more

Other Articles

A secured and safe vote thanks to new laws in Michigan

A secured and safe vote thanks to new laws in Michigan

Governor Whitmer Signs Historic Election Bills Package to Ensure Every Vote Can be Cast and CountedIn Case You Missed It November 30, 2023 “Today, we are expanding voting rights and strengthening our democracy,” said Governor Whitmer. “Michiganders spoke clearly last...

Cannabis – The Rise and Fall and Trail of Survivors Pile Up

Cannabis – The Rise and Fall and Trail of Survivors Pile Up

Thieves make off with 1,000 pounds of premium flower in cannabis from a corporate grower in Michigan. Then, the GM sells off 650+ pounds to pay employees.The recent theft of over 1,000 pounds of marijuana from 305 Farms, a corporate cannabis grower in West Michigan,...

What is Recidivism in Legal Terms?

What is Recidivism in Legal Terms?

What does Recidivism mean?In legal contexts, recidivism refers to a person’s relapse into criminal behavior, often after having been previously convicted and penalized for similar or other crimes. When someone re-offends, they are described as a "recidivist."...

Your Past Charges Could Affect Decisions for New Charges

Your Past Charges Could Affect Decisions for New Charges

Michigan Court of Appeals - PEOPLE v. JAMES THOMAS MASON, JR.Jail vs ProbationIn People v. James Thomas Mason, Jr., the Michigan Court of Appeals dealt with whether the district court could reasonably depart from the usual “no jail, no probation” presumption for a...

What is the Difference Between a Magistrate and a Judge

What is the Difference Between a Magistrate and a Judge

What’s the difference between a Magistrate and a Judge in Michigan?

In Michigan’s court system, both magistrates and judges play important roles, but they have different responsibilities and authority. Understanding the differences between the two can help you know what to expect if you find yourself in court.

What Is a Magistrate?

A magistrate is a judicial officer with more limited authority than a judge. They are often appointed by the chief judge of a court and assist judges by handling less serious matters. While they are not elected like judges, magistrates still play a crucial role in the justice system, especially in Michigan’s District Courts.

Magistrates typically handle:

  • Traffic violations and small claims cases
  • Setting bail and issuing warrants
  • Arraignments (the first court appearance where charges are read)
  • Conducting preliminary examinations in some criminal cases
  • Handling informal hearings and resolving minor disputes

Magistrates are not authorized to preside over trials for more serious criminal offenses or issue final judgments in complex cases. Their role is to help ease the court’s workload by dealing with simpler matters.

What Is a Judge?

A judge is an official who presides over court cases and makes decisions based on the law. Judges handle a wide variety of cases, including criminal, civil, family, and probate matters. In Michigan, judges are either elected by voters or appointed by the governor to serve a specific term, usually six years.

Judges have broad authority and can:

  • Oversee trials in both criminal and civil cases
  • Make rulings on evidence and legal issues
  • Decide the outcome of cases if there is no jury
  • Sentence individuals in criminal cases
  • Handle appeals in some cases

Judges are often seen in higher courts, such as Circuit Courts or Probate Courts, where they have more power and oversee more serious matters, such as felony cases or significant lawsuits.

In summary, while both magistrates and judges play important roles in Michigan’s court system, judges have more authority and handle more complex cases, while magistrates focus on smaller, less serious legal matters.

Since 1993 Komorn Law has provided expert legal defense for individuals facing criminal charges, DUI cases, and appeals in both Federal and State courts.

Komorn Law’s aggressive defense strategies, ensures that your rights are protected at every stage of the legal process. If you’re looking for a fighting lawyer, call us.

Attorney Michael Komorn

Attorney Michael Komorn

State / Federal Legal Defense

With extensive experience in criminal legal defense since 1993 from pre-arrest, District, Circuit, Appeals, Supreme and the Federal court systems.

KOMORN LAW (248) 357-2550

Note: This article provides a general overview and does not substitute for legal advice. Anyone charged with a CSC offense should consult an attorney for specific legal guidance.

Laws

Ohio Bill Introduced to Allow Each City to Ban Marijuana

Ohio Bill Introduced to Allow Each City to Ban Marijuana

With just over a week until Ohio’s voter-approved marijuana legalization law takes effect, a lawmaker has introduced a bill that would allow individual municipalities to locally ban the use and home cultivation of cannabis in their jurisdictions. The legislation aims...

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It’s not hard to be accused of being a Menace in Michigan

It’s not hard to be accused of being a Menace in Michigan

“You are a menace, you’re talking louder than me, you don’t agree with me and now you're pointing at me with gun fingers. I feel threatened! I’m calling the police”. All over a minor disagreement - probably about paper or plastic. Police arrive and can only do what...

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Disturbing the Peace – Laws and Penalties in Michigan

Disturbing the Peace – Laws and Penalties in Michigan

What are the laws and penalties of disturbing the peace in Michigan? Have you ever been in a situation where someone's behavior was so disruptive that it made you feel uncomfortable or unsafe? Maybe it was someone yelling loudly in public, creating a disturbance at a...

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Delta-8 in Michigan

Delta-8 in Michigan

Delta-8 is a cannabis compound that has become popular because of its similarity to delta-9. Both delta-8 and delta-9 are cannabinoids and are similar in both their names and their chemical structures. THC is the part of the marijuana plant that produces the "high"...

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Police found my friend’s drugs in my car-What do I do?

Police found my friend’s drugs in my car-What do I do?

When you're pulled over by the police and your friend throws their stash under your seat. Are they still your friend? That's up to you. But at the moment you probably are going to take the fall, pay the price and have your life turned inside out and upside down. The...

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2021-2022 Michigan Bills Regarding Marijuana Legislation

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Search Criteria: Legislative Session = 2021-2022; Full Text (Bill Documents Only) = "marijuana," AND "cannabis" DocumentTypeDescriptionSB 0186 of 2021(PA 4 of 2021)Senate BillAgriculture: industrial hemp; regulations for growing industrial hemp; modify. Amends secs....

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Can you drink and drive on private property in Michigan?

Can you drink and drive on private property in Michigan?

You can be arrested for DUI when on private property. Private means only so much. Michigan's drunk driving law allows the police to arrest you for DUI or OUI even if you're on your own property! (1) A person, whether licensed or not, shall not operate a vehicle on a...

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Driving Under The Influence Penalties in Michigan

Driving Under The Influence Penalties in Michigan

Prescription drugs, medical marijuana, recreational cannabis, alcohol and more are considered to influence you in a way the law deems a crime.  Therefore you can be charged with operating a motor vehicle or driving under the influence and here are your possible...

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Things You Should Know About Boating and Drinking

Things You Should Know About Boating and Drinking

Boating and Drinking When boating and you're the captain - drink all you want and if you're driving - drink as much as you can because it's hot out there. Just make sure it's non alcoholic because nothing but a boatload of trouble comes with being arrested for...

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