Royal

The Royal Law Firm LLP Announces Strategic Association with Regional Boston-Area Law Firm Minasian Becker LLC

Jan 11, 2021

The Royal Law Firm is delighted to announce that it has established a mutual of counsel association with Minasian Becker LLC, a boutique Commercial Real Estate and Business Law Firm, as of the third quarter of 2020.


Complementing Royal’s strong business-side only litigation practice, this association will provide Royal clients with the added benefits of commercial real estate and corporate transactional work. The Minasian Becker team of attorneys has represented regional, national, and international companies and non-profit organizations with their commercial real estate and business transaction needs for over 25 years.

 

Amy Royal, Founding Partner of The Royal Law Firm, believes that the relationship with Minasian Becker will be an attractive supplement to Royal’s existing law practice of labor and employment law and other business-related litigation. “Through this strategic relationship, we can offer a broader scope of services to our corporate clients, providing to them sophisticated commercial real estate representation and counsel in a variety of corporate matters and transactions. This strategic alliance not only expands our practice areas and capabilities, but also our geographic footprint. We look forward to offering our corporate clients these added benefits and services across the Commonwealth,” Amy notes.

 

With this alignment of their practices, Royal and Minasian Becker will offer their clients locations in Arlington, Springfield, and Rockport, Massachusetts as well as in Hartford, Connecticut. Royal attorneys are admitted to practice in the state and federal courts of Massachusetts, Connecticut, New Hampshire, Vermont, and New York.

 

Both law firms are pleased to form this relationship, as they are equally business-focused, and offer the same high quality, responsive service to their clients. In addition, both firms are nationally certified as Women’s Business Enterprises and Women Owned Small Businesses, and are able to offer the benefits of diversity to their clients.


To learn more about our strategic affiliation or additional areas of practice, please contact: Amy Royal at aroyal@theroyallawfirm.com

06 Mar, 2024
Walking a Fine Line  By Trevor Brice, Esq.
14 Feb, 2024
Effective January 1, 2024, all businesses conducting and engaging in business within the United States, have one more requirement to add to their list. The Corporate Transparency Act (“CTA”), was passed by Congress in 2021, and recently took effect January 1, 2024. What is it? The Act requires businesses to report their “beneficial owners” to the government through a Beneficial Ownership Information (BOI) report. A “beneficial owner” is someone who owns 25% or more of the business or exercises substantial control over it. The reports are made to the United States Treasury Department’s Financial Crimes Enforcement Network (FinCEN), which has been tasked with maintaining a national registry of beneficial owners of the reporting companies. Why was this passed? The Act is Congress’ attempt to prevent money laundering, terrorism financing, tax fraud, and other illicit activities including human and drug trafficking and securities fraud (aka prevent shell corporations and hiding money). While shell corporations are not illegal, they can be used to engage in activities that shield entities from legal liability, which is disfavored by the government and courts. Certain circumstances actually benefit from the use of a shell corporation, i.e. where companies seek to take advantage of doing business “offshore.” However, the “bad actors” who abuse this business structure have used such strategies for personal gain and, according to the government, hide from legal liability. Who does it effect? The new reporting requirement affects all businesses, corporations, and LLCs, no matter how big or small. It also affects non-US entities that are registered to conduct business with any state or territory within the United States. How do you comply? To remain in compliance with the reporting requirement, business must file the report by year end of 2024. If you create a business this year, 2024, but before January 1, 2025, you will have 90 calendar days after receiving notice of the company’s creation or registration to file the initial BOI report. Notice is actual notice received or public notice by the secretary of state, whichever is earlier. Failure to comply could lead to financial penalties or jail time. Such penalties include felony convictions, $500 daily (for every day of non-compliance) penalty up to $10,000, up to two years in prison. If your business has any questions on this topic or any other matters, please do not hesitate to contact the attorneys at The Royal Law Firm at 413-586-2288.
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