Risk Management
Drafting errors are one of the most common causes of legal malpractice claims. Every year, Lawyers Mutual receives multiple claims arising from lawyers’ drafting mistakes. Some of these … Read More
Law Practice Management
Earlier this year, I decided to purchase the truck that I have been pining for over the last two years. I was very particular in what I wanted. Model, bed length, drive train, and color had to… Read More
Risk Management
As with any new sweeping federal regulatory scheme, there are kinks to work out and questions which need clarification. This has certainly been true for the Corporate Transparency Act (“… Read More
The concept of spring cleaning has its origins in various cultural and religious traditions, dating back thousands of years. Ancient cultures in Egypt, Persia, and China had traditions of clea… Read More
Education & Careers
If your childhood was anything like mine, you started every summer with a sunburn and peel. After a couple burns, you had a sufficient base tan to slather on the Coppertone oil to get that ser… Read More
Law Practice Management
In the realm of commercial aviation, the standard cockpit configuration includes a pilot and a first officer, both sharing operational responsibilities equitably. Both individuals possess requ… Read More
For lawyers handling real estate closings, it’s important to know that seller fraud continues to rise, especially with the upcoming holiday season when distractions are high, and fraudsters are active.
Lawyers Mutual has published previous alerts regarding the new filing requirements under the Corporate Transparency Act (“CTA”) that went into effect January 1, 2024. After reviewing additional resources, we want to emphasize concerns that we have about the risks and increased potential liability for lawyers undertaking the reporting requirements. This is especially true for the continuing reporting requirements after entity formation and initial reporting.