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FinCEN’s Beneficial Ownership Information Reporting Requirement


As of January 1, 2024, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has imposed a new obligation on almost all corporations and LLCs doing business in the U.S. Companies that fall under this obligation (“reporting companies”) must file reports containing identifying information of certain individuals, with a limited number of exceptions. This is an ongoing obligation – meaning, it’s not necessarily a one-time filing, these reports are required when certain changes are made to the company. In this post, I’ll go over some of the details. Which Companies Does This Apply To? The rule does not apply to companies…

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New York Times v. OpenAI and Microsoft Copyright Case


A few days ago, the New York Times filed a copyright infringement lawsuit against OpenAI (creators of ChatGPT) and Microsoft (who own part of OpenAI). The full complaint can be read here. This is an extremely complex case, addressing arguably novel issues in copyright law. Meaning, depending on how you look at it, the court may have to consider legal issues that have never been previously addressed. Note that the U.S. Copyright Act was written in 1976, before OpenAI, ChatGPT, or the World Wide Web existed. Ideally, Congress would step in and pass sensible legislation addressing copyright issues as they…

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Basics of Commercial Leases


Commercial Leases: What Every Business Owner Should Know Whether you’re setting up your first storefront or relocating your corporate offices, navigating the world of commercial leases can be complicated. This post is designed to make that process a bit more manageable by covering key elements you need to know before signing any commercial lease. Of course, this post can’t cover every issue that comes up – it’s intended to be a high-level overview. We can go into details about various issues in future blog posts. The Basics: What is a Commercial Lease? Simply put, a commercial lease is an Agreement…

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AI and Copyright Law


Artificial Intelligence (AI) is having a profound impact on a variety of industries, but it also brings about complex legal questions that are not fully answered by existing copyright laws. Among these are questions surrounding the training of large language models (LLMs) by AI companies. Many of these LLMs are trained on an extensive range of text data that may include copyrighted material. The use of such content raises pressing concerns about the infringement of intellectual property rights. This blog post aims to delve deeper into this complicated legal issue, explore the challenges businesses face, and understand why it is…

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