Archive for the ‘Summer Pannizzo’ Category

The trending practice in restaurants of charging a fixed percentage at the end of each bill has been met with push back from customers. Customers may not recognize that the charge benefits customers because it keeps food costs reasonable. As the cost of food, labor, and supplies rise, it is hard for restaurants to stay profitable while keeping their menu prices reasonable. One way restaurants keep food costs reasonable is by applying a service charge to offset the increasing costs of maintaining a restaurant.   Restaurant owners and hoteliers need to understand the law surrounding the issue so that when met… read more »

The U.S. District Court for the Eastern District of Texas in Smith et al. v. U.S. Department of Treasury, et al., 6:24-cv-0036 (E.D. Tex), decided that the beneficial ownership information (“BOI”) reporting requirements under the Corporate Transparency Act (“CTA”) are back in effect. On January 24, 2025, we reported in our article “Enforcement Of The Corporate Transparency Act Still On Hold” that the CTA was on hold due to a nationwide injunction issued by Judge Kernodle of the Eastern District of Texas, despite the Supreme Court ruling on January 23, 2025. On February 5, 2025, the U.S. Department of Justice… read more »

Pennsylvania Certificate of Annual Registration Effective December 31, 2024, the Pennsylvania Department of State increased the annual registration fee for domestic and foreign registered limited liability partnerships (“LLPs”), limited liability limited partnerships (“LLLPs”), and restricted professional companies (“RPCs” and “PLLCs”). What are the costs for filing? The annual registration fee for RPCs and PLLCs has increased to $700.00 per licensed professional member, as long as that member is licensed to practice the professional service in PA and resides in PA.  The annual fee for LLPs and LLLPs has increased to $470.00 for each general partner if the partner is a… read more »

Recent activity regarding the Corporate Transparency Act has resulted in no change in its enforcement. The United States Supreme Court issued a decision on January 23, 2025, lifting a nationwide stay on the enforcement of the Corporate Transparency Act. This decision comes after a roller-coaster of events in December over the scope of the stay issued in Texas Top Cop Shop, Inc. v. McHenry. Regardless of the Supreme Court’s decision, the enforcement of the Corporate Transparency Act is still being halted. Currently, reporting companies are not required to file their Beneficial Ownership Information but may voluntarily report. Summary of Events… read more »