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Corporate counsel to new, emerging and established enterprises in North Carolina and Nationwide

BUSINESS LAW IN NORTH CAROLINA

The law firm of Hedger & Hedger located in Hertford, North Carolina, is committed to the philosophy that counsel to business organizations, their executives and owners must justify an investment in legal services by providing a meaningful return on this investment. As such, assisting our firm’s clients to comply with the complex legal and tax requirements of conducting business is but one goal of our representation.

It is the ultimate goal of the firm of Hedger & Hedger to assist its clients in implementing legal and tax strategies which contribute significantly to operational efficiency and profitability.
Mere compliance with the law, however difficult or intricate, provides no assurance that the affairs of the enterprise and its personnel are so conducted as to take maximum advantage of available legal and tax opportunities. For these reasons, it is the ultimate goal of the firm of Hedger & Hedger to assist our clients in implementing legal and tax strategies which contribute significantly to operational efficiency and profitability.
We practice in the areas of Business Organization & Operations, Mergers & Acquisitions, Executive & Deferred Compensation and Debt & Equity Financing. Our clients range from newly organized to well established enterprises both privately and publicly held.
Our website highlights the ways in which the attorneys of Hedger & Hedger may be able to assist new and growing concerns, their principals and executives in the realization of their financial goals via efficient legal and tax planning.

We welcome the chance to apply our experience and expertise to your business opportunity. Contact us at 717-215-9703 or use the form on our Contact page.

Hedger & Hedger, 115 Country Club Drive, Hertford, NC 27944
717-215-9703

THE CORPORATE TRANSPARENCY ACT IS HERE!

In 2021 Congress enacted the Corporate Transparency Act (CTA) which became effective on January 1, 2024. The CTA is intended to protect national security by combatting the use of “shell” companies to commit money laundering, tax evasion, fraud, corruption, terrorism and other illegal activities.

To this end, the CTA requires that most small businesses formed by filing organizational documents with government agencies (“reporting companies”) file Beneficial Ownership Information Reports (BOIRs) with the Financial Crimes Enforcement Network (FinCEN).

Reporting companies may include business corporations, professional corporations (PCs), limited liability companies (LLCs), limited partnerships (LPs), limited liability partnerships (LLPs) and other entities formed pursuant to filings with a secretary of state or similar office. Sole proprietorships and general partnerships are among the entities exempt from compliance with the CTA.

Reporting companies formed prior to 2024 have until January 1, 2025 to file their BOIR with FinCEN. Reporting companies formed in 2024 have 90 days from their date of formation to file their BOIR. Reporting companies formed after 2024 will have 30 days from their date of formation to file their BOIR.

Noncompliance with the CTA can result in civil penalties of up to $500 per day and criminal penalties of $10,000 and/or 2 years in jail.

A company can learn on this site, without charge, whether it is a “reporting company” and subject to the filing requirements of the CTA. Simply answer the few questions below and the company’s “reporting company” status will appear.