Whether you are a hotel owner, operator, or developer, or anyone who has an interest in an LLC, corporation, or limited partnership, you should be aware of your new compliance obligations under the Corporate Transparency Act (the “CTA”). To put a finer point on this, the Financial Crimes Enforcement Network (“FinCEN”), the bureau under the Treasury Department tasked with enforcing the CTA, believes that over 32 million businesses, both foreign and domestic, will be required to comply with new reporting requirements or be subject to civil fines or even criminal penalties. Continue Reading Hospitality Alert: Quick Facts on the Corporate Transparency Act
Lauren Stewart
Lauren Mioduszewski Stewart is an associate in the Real Estate, Energy, Land Use & Environmental Practice Group in the firm's Chicago office.
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A Potential Big Win for Real Estate Developers in Illinois: CGL Coverage for Property Damage from Defective Work
By Michael Roth & Lauren Stewart on
Illinois may have just opened a new door for developers and owners for insurance coverage when it comes to defective construction work and commercial general liability (“CGL”) coverage. Based on the recent Illinois Supreme Court ruling in Acuity v. M/I Homes of Chicago, LLC, 2023 IL 129087, insurance companies may now have a duty to defend under CGL policies with respect to defective work and certain property damage caused by the same.Continue Reading A Potential Big Win for Real Estate Developers in Illinois: CGL Coverage for Property Damage from Defective Work