At Wilchins Cosentino & Novins LLP, we work with leaders and owners of many privately held businesses, including family-owned businesses. We assist from formation through exit planning, working often with the board of directors, leadership team and family members...
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Posts for 'Formation and Organization'
FinCEN Announces Changes to BOI Reporting for 2025
Stay updated on the latest changes to the Beneficial Ownership Information (BOI) reporting requirements. Learn about the new exemptions for domestic reporting companies and important filing deadlines for foreign entities under the March 2025 FinCen rule update.
Meet Taylor Ferrara
Taylor Ferrara is an attorney in the Private Client Services practice. As a trust and estate lawyer, she describes herself as a natural problem solver, assembling estate plans like puzzles to meet her clients' unique needs. Taylor did not set out to become an...
Deadlocks Can Be Deadly for Closely Held Companies
Establishing and running a family business or other closely held enterprise often represents a dream-come-true for the founders and shareholders. At the beginning, everyone is on the same page. Same company vision. Same philosophy on how to achieve growth. Same...
Business Formation: Advantages and Requirements to Form a Corporation
First in a Series of Three Articles Americans have been forming businesses at record high rates since 2020, and this trend has continued through 2023. According to analysis published by the Economic Innovation Group, during the first two quarters of 2023, nearly 2.7...
Attention: New Reporting Affects US Business Entities
On January 1, 2024, the US government began enforcing new rules requiring certain US business entities to report “Beneficial Ownership Information” (BOI) - information regarding the identities of the individuals who ultimately own and control the business entities –...
Attorney Stephen Wilchins is back on the Radio Entrepreneurs Family Business Association (FBA) Panel Discussion 2023: “The Family Business: Is this a family affair?” Part 3
https://youtu.be/sOeq07yZgiQ Watch part three, the final installment of Radio Entrepreneurs Family Business Association (FBA) 2023 Panel series entitled ‘The Family Business: Is this a family affair?’ Gain insight and advice from Stephen Wilchins, founding partner at...
Attorney Stephen Wilchins is back on the Radio Entrepreneurs Family Business Association (FBA) Panel Discussion 2023: “The Family Business: Is this a family affair?” Part 2
https://youtu.be/YatpW3Nny-U Watch part two of the latest 2023 Radio Entrepreneurs Family Business Association (FBA) Panel as Stephen Wilchins, founding partner at Wilchins Cosentino & Novins, Rich Hirschen, partner from Gray, Gray & Gray, and two guest...
Attorney Stephen Wilchins is back on the Radio Entrepreneurs Family Business Association (FBA) Panel Discussion 2023: “The Family Business: Is this a family affair?” Part 1
https://youtu.be/amGJhZbzx0g The first of the three-part series for the most recent 2023 panel discussion focuses on the question: should everyone in the family be in the business? Stephen Wilchins, Founding Partner at Wilchins Cosentino & Novins, a partner from...
Qualified Stock for the Closely Held Business
Federal Tax Benefits for C Corporations It would be amazing to have hindsight when initiating a business. Imagine being able to foresee the result of the business enterprise before it was started. Think of how that would influence your decision-making! We do not have...
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