Herman L. Talle Retirement
February 15, 2023 | Barna, Guzy & Steffen, Ltd.Attorney Herm Talle is a well-known figure in Anoka County legal fields and has practiced since 1959. Herm joined Barna, Guzy & Steffen, Ltd. during a merger in 1991 with the intention of winding down his practice. That practice continued for another thirty-two years. Herm finally decided to retire on January 31st, 2023. During those final 32 years Herm counseled many young attorneys and taught them how to be good lawyers. Full of history, knowledge and a unique insight on legal practice, Herm routinely made everyone’s day brighter at BGS just by showing up and being part of the team. His stories will be missed dearly, and we wish him all the best in retirement at long last. Congratulations Herm! Well done and well-earned retirement.
Read MoreCorporate Transparency Act: Part I
February 9, 2023 | Carole Clark Isakson
An Introductory Overview Congress passed the Corporate Transparency Act (the “CTA”) in 2020 as part of its initiative to crack down on illicit activities, such as money laundering, commonly associated with shell companies. Under the CTA, many entities formed or registered to do business in the United States will be required to report various information concerning beneficial ownership of/decision-makers for, a given company. The Financial Crimes Enforcement Network (“FinCEN”), under the direction of the United States Department of the Treasury, has been tasked with preparing the regulations that will govern the beneficial ownership reporting requirement and provide for enforcement. The reporting obligations under the CTA will impact hundreds of thousands of entities, including corporations, limited liability companies, partnerships, and various non-profit organizations. The most significant impact will be felt by small and mid-size companies, and the individuals who own and operate them, who did not previously have any mandated federal reporting responsibilities. Final regulations under this Corporate Transparency Act were released by FinCEN in September 2022, and go into effect beginning January 1, 2024. Entities and individuals subject to these new regulations will be required to submit a beneficial ownership information report identifying each beneficial owner, decision maker, and company applicant. These individuals will be required to submit information about themselves as part…
Read MoreWinter Driving and Car Accidents
February 8, 2023 | Barna, Guzy & Steffen, Ltd.
Driving in the Twin Cities during winter is rough and at times can be problematic. You’re concerned about icy roads, falling snow, windy conditions, and reckless drivers. There are many factors that can go into causing a serious accident during these hazardous conditions. Winter driving and car accidents have a common cause-and-effect relationship. Do you know what to do if you’re in an accident? Continue reading our blog to learn what you should do after a car accident. Stop Your Vehicle and Turn Off the Engine The first thing you should do after any car accident is to stop your vehicle and turn off the engine. State law requires that a driver must stop their vehicle after an accident and exchange information, no matter who is at fault. Turning off your vehicle is critical as well, because it helps prevent potential fire or other calamities. Check for Injuries Even if you do not feel seriously hurt or injured, you should allow a medical professional to examine you. Sometimes adrenaline or shock can cause your body to not feel any symptoms of an injury. Call the Proper Authorities The most important thing that you need to do after a car accident is call 911 — especially if there are injuries — and other…
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