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Firm News
Happy New Year! Welcome to our January-March 2025 Newsletter! Scroll to see what's new at The Campbell Law Group P.A., the latest blogs, TikToks, social media and legal updates!
Featured Collaboration:
Miami Living Magazine x The Campbell Law Group
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We are excited to announce Regina's collaboration with Miami Living Magazine.
Click here to read Regina's published story and interview on navigating legal challenges through entrepreneurship.
New Service Alert:
Corporate Finance
| | Corporate finance is a specialized branch of finance focused on how corporations manage funding sources, capital structuring, investment decisions, and financial accounting. Importantly, corporate finance prioritizes maximizing shareholder value through a combination of long-term strategies, short-term actions, and effective cash flow management. Click here for details on our newest service, Corporate Finance. | | |
The US Supreme Court has ruled the FinCEN (Financial Crimes Enforcement Network) registration requirements are to be reinstated effective immediately. All limited liability companies are required to submit their beneficial owner information to the US Treasury Department’s Financial Crimes Enforcement Network. There are a few companies that are exempted from registration, however there are very limited exceptions. In our prior update, we noted that there were still some pending cases before the Supreme Court related to FinCen registration requirements of beneficial ownership information and that the Supreme Court’s ruling was silent as to the any extensions on the deadlines that have already passed. However, on February 18, 2025, FinCen extended the deadline for filing to March 21, 2025 and announced plans to revise the BOI reporting requirements.
On March 2, 2025, US Dept of Treasury stated that it would not enforce penalties or fines associated with the BOI requirements under existing deadlines. Subsequently, US Treasury filed a press release clarifying that the non-enforcement of deadlines applies to US Citizens, domestic reporting companies and their beneficial owners and that it will announce a proposed rule that would limit BOI reporting requirements to foreign companies, but did not extend the original March 21, 2025 deadline.
On March 21, 2025, FinCen released an interim final rule removing the BOI reporting requirements for US Companies and US persons. As such, only the following entities and/or persons are required to report their beneficial ownership interest:
- Non-exempt foreign reporting companies and their beneficial owners.
- Existing foreign reporting companies have to file within 30 days of the rule’s publication in the Federal Register.
- Newly registered foreign reporting companies will have 30 days from their effective registration/incorporation date to comply.
The rule also defines a foreign reporting company as an entity that is:
- A corporation, LLC, or other entity
- A company formed under the laws of a foreign country and
- Registered to do business in a U.S. state or tribal jurisdiction via a filing with a secretary of state or similar office
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Running a business is an exciting endeavor, but it comes with immense responsibility—especially when it comes to corporate governance. Florida’s regulatory landscape can be daunting, as the state enforces specific laws and requirements that impact how businesses operate, manage risks, and uphold accountability. Strong corporate governance is not just about compliance—it’s about establishing a framework for sustainable growth, ethical leadership, and investor confidence.
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From startups and family-owned businesses to large multinational corporations, corporate finance serves as the backbone of financial decision-making, shaping a company’s overall economic health, ensuring long-term sustainability, and driving strategic growth.
For Florida business owners, a strong grasp of corporate finance is crucial for maintaining profitability and managing the state’s unique economic landscape, including booming industries like tourism, real estate, and technology, as well as fluctuating market conditions and regulatory requirements. However, corporate finance is not one-size-fits-all. A strategy that works for a large corporation may not suit a small family-run business or a high-growth startup.
One of the biggest differences in financial management comes down to company structure. In Florida, corporations follow Chapter 607 of the Florida Statutes, while limited liability companies (LLCs) operate under Chapter 605. These legal frameworks determine key financial aspects, including taxation, profit distribution, investment methods, and reporting requirements.
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If your Florida business is just starting out or seeking expansion, there may come a time when additional capital is required to support growth and sustain operations. Whether you’re looking to invest in new equipment, hire more employees, increase marketing efforts, or launch a new product line, securing funding is often a critical step in scaling a business. Without sufficient capital, a company may struggle to seize new opportunities, manage day-to-day expenses, or compete effectively in the marketplace.
However, raising capital comes with important decisions, as businesses must determine the best way to access the necessary funds while maintaining financial stability. Not all funding methods are created equal, and the choice between financing options can have a long-term impact on a company’s financial health, ownership structure, and growth potential. For business owners in Florida, understanding these options is key to making sound financial decisions that not only align with both immediate and future goals, but also pave the way for growth and success.
The two primary financing routes—debt financing and equity financing—offer distinct advantages and challenges. By evaluating each option’s benefits, risks, and suitability for different business needs, entrepreneurs can confidently decide which approach best supports their financial strategy.
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Contact us today at (305) 460-0145 or
email us at service@thecampbelllawgroup.com.
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On behalf of The Campbell Law Group P.A.
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