Don't Skip the Legal Podcast
It's time to get ready for change.You're growing and building your business, and you have a vision for the future. You want to know what legal hurdles you might encounter so you can take care of them before they grow out of control.This is where we come in. We are bringing you the "Don't Skip the Legal" podcast. A place where you can learn how to grow your business and build a better future for yourself and your business through the lessons and experience of other business owners, just like you. You know there are legal hurdles on the horizon that need to be taken care of before they grow out of control. This podcast will help you learn to make a strategic response to the constantly changing business landscape during stressful situations reassures, and empowers you with a framework to respond and take smart actions so that you can protect yourself, your customers, and your business's future.
Don't Skip the Legal Podcast
Unlocking Corporate Transparency: Navigating the New Legal Landscape for Business Owners | 117
Welcome to a pivotal episode of Don't Skip the Legal, where we unravel the complexities of the Corporate Transparency Act, a transformative piece of legislation reshaping how businesses disclose their ownership structures. Join host Andrew Contiguglia, a seasoned business attorney with nearly 30 years of experience, as he navigates the nuances of this groundbreaking law, providing crucial insights for business owners and legal enthusiasts alike.
In this episode, we delve into the heart of the Corporate Transparency Act, demystifying the reporting requirements, filing procedures, and the broader implications for businesses. From the intricacies of beneficial ownership to the evolution of compliance strategies, Andrew breaks down key concepts, ensuring you're well-equipped to navigate the new era of transparency.
Why should you tune in? This episode goes beyond legal jargon; it's a roadmap for businesses seeking not only compliance but also strategic advantage. Discover practical tips for electronic filing, learn about crucial deadlines, and explore the comprehensive resource hub provided by FinCEN. Andrew Contiguglia emphasizes the importance of staying informed, proactive, and leveraging legal expertise to ensure a seamless transition into this new legal landscape.
But it's not just about rules and regulations. Andrew takes you on a journey into the future, predicting shifts in corporate governance, the potential for increased litigation, and the global impact of the Corporate Transparency Act. Gain valuable insights that extend beyond the legal realm, exploring the delicate balance between corporate transparency and individual privacy.
As we wrap up, Andrew leaves you with practical considerations, encouraging a proactive approach to compliance, investments in technology, and collaboration with legal professionals. This episode isn't just a legal briefing; it's a strategic guide for businesses navigating the evolving landscape.
Don't miss out on this essential episode of Don't Skip the Legal. Subscribe now to stay updated on legal insights and discussions. The Corporate Transparency Act is more than a law; it's an opportunity for businesses to showcase transparency, build trust, and shape a more accountable future. Tune in and don't skip the legal—because the legal landscape is ever-evolving, and understanding it today is your key to a resilient and transparent tomorrow.
Don't Skip the Legal podcast brings you insightful conversations with successful entrepreneurs, providing real-world lessons on business growth, legal considerations, and much more. Subscribe now for more enriching episodes and practical insights for navigating the complexities of the business world.
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Disclaimer:
Please note that the legal information shared in this podcast is for general informational and entertainment purposes only. It is not a substitute for consulting with a licensed attorney for specific legal matters. Past performance does not indicate future results; every legal case is unique. Consult your own attorney for personalized legal advice.
Hello, business owners, and welcome to another episode of Don't Skip the Legal, the podcast where we unravel the legal complexities of your business world to empower you for success.
I'm your host, Andrew Contagulia, your corporate casual business attorney, based here in Denver, Colorado, with nearly three decades of legal experience. Today, we're delving into a significant legal development that is making waves in the business landscape.
That's right. It is the Corporate Transparency Act. And if you haven't heard about it, this is... is the podcast for you to listen to. So grab your favorite beverage, kick back, and let's get started.
from real business owners just like you. These behind -the -door conversations about business are instrumental to your success. This is where the deals are made, negotiations are discussed, and company problems are identified,
leading you to overcoming the challenges we all face in our business. This podcast is your invitation to where the real business happens, and also where the best ideas take place. So let's get behind the doors in business and break down these legal lessons.
And overall, remember, don't skip the legal. In early 2021, Congress -- introduced the Corporate Transparency Act as part of the Anti -Money Laundering Act of 2020,
and it signaled a paradigm shift in how businesses disclose crucial information and its primary goal to enhance transparency and combat financial crimes like money laundering and terrorism financing.
But as a business owner, you might be wondering, how does this impact my business and why should I care? Well, my fellow business owners, the Corporate Transparency Act, the Corporate Transparency Act mandates non -exempt business entities,
referred to as "reporting companies," to report specific personal information about their beneficial owners to FinCEN, the Financial Crimes Enforcement Network within the U .S.
Treasury Department. This reported beneficial ownership information is then securely stored in a non -public database which is managed by FinCEN, the rules implementing the report.
requirements kicked in this year, January 1st, 2024, marking a pivotal moment for businesses across the nation. So why is this significant and how will it affect your day -to -day business operation?
Let's dive in a little bit deeper into the nuances of this reporting requirement. The Corporate Transparency Act represents a crucial step toward creating a more transparent business environment by requiring reporting companies to disclose the individuals who ultimately own or control a company.
These people are known as beneficial owners, and the Act aims to build trust, ensure accountability, and safeguard against illicit financial transactions. Now that we've set the stage,
let's dive into the specifics of reporting deadlines and the timeframes under the CTA. As the implementation of the final rules went into effect on January 1st, 2024, understanding these types...
is still very crucial for businesses aiming to stay compliant. And as you'll learn later on in this podcast, failure to stay compliant can result in huge civil penalties, and possibly even criminal charges.
First and foremost, reporting companies formed before January 1st, 2024 have a key deadline on the horizon. They are required to submit their beneficial ownership information to FinCEN,
no later than than December 31, 2024. This marks a significant milestone and sets the stage for a new era of transparency in business operations. For those companies formed on or after January 1,
2024, there is a 90 -day window. This timeframe, adjusted from the original 30 days after receipt of your notice or of submit both beneficial ownership information and a company applicant information to FinCEN.
It is essential for businesses to understand and meet these deadlines to avoid penalties and ensure compliance. So simplified is this, if your company was in existence before January 1,
2024, you have until the end of 2024, December 31, to file your beneficial ownership interest. with FinCEN. If you started your company,
if you started your business after January 1st, 2024, you have an obligation to get your FinCEN and your BOI, your beneficial ownership interest, filed with FinCEN within 90 days of when you started your company.
So now what we're looking at is companies, as we do these formations and LLC formations, corporation formations, what we're looking at now, including your articles of organization or your articles of incorporation,
we are now looking to add this layer of registration along with all the other registrations that you should be doing along with your company. So it's important to take note that these deadlines are not just arbitrary dates on a calendar.
These are critical checkpoints that the Corporate Transparency Act has put in place to ensure a timely and comprehensive review. reporting process. Understanding and meeting these deadlines is not only a legal requirement,
but a proactive step toward maintaining the integrity of your business operations. Failure to do so, as I have mentioned, can result in civil penalties as well as possible criminal charges against you for failure to comply.
So as businesses prepare to navigate these timelines, it's essential to stay informed, mark these dates on your compliance calendar. and be ready to take the necessary steps to meet the reporting requirements.
Compliance isn't just about checking the boxes. It's about embracing transparency and accountability within your business structure. Keep in mind, not every company is required to report under the Corporate Transparency Act.
We're getting into the nitty -gritty of what defines a reporting company, and I'm going to talk a little bit about the 23 exemptions provided by the Act. There are 23 exemptions under the CTA for businesses that are not required to file under the Corporate Transparency Act.
These are from large operating companies to publicly traded entities, so understanding these exemptions is key to navigating compliance. So what exactly constitutes a reporting company?
Under the CTA, a reporting company is any entity created by the file. of a document with the Secretary of State or similar office under the laws of a state or Indian tribe.
It can also include entities formed under the laws of a foreign country that are registered to do business in the United States by filing a document with a Secretary of State or a similar office under the laws of a state or an Indian tribe.
Now the key here is that reporting companies are not exempt from the reporting requirements. Now let's talk about about the exemptions. The exemptions under the CTA are crucial to understanding who may be exempted from these reporting obligations.
So the CTA includes 23 exemptions offering relief to certain types of entities. So let's look at some of these exemptions and take this opportunity sort of to provide a little clearer picture about what we're looking at.
So if you are a securities reporting issuer, all right, these are entities involved in securities reporting. These entities are exempt. If you're a governmental authority, the governmental entities,
these are not subjected to reporting requirements. If you are a bank and a credit union, traditional financial institutions, banks and credit unions, these traditional financial institutions,
they are exempt. Depository institution holding companies, these companies, any company involving in depository. depository institutions, they are excluded. Money service businesses,
so entities engaged in money services, these businesses are extemped. Broker or dealers in securities, so securities brokers, dealers, these fall under the exemption. Securities exchange or clearing agencies,
these entities operate in securities exchange, they are exempt. All right, so these are just a few examples of exemptions outlined in the CTA. CTA. Large operating companies, certain tax exempt entities,
publicly traded companies, various financial entities, all of these fall under the exemptions under the CTA. So it's crucial to understand as a business owner where you fall into these categories.
And if you're already regulated by the government, good chance that you fall into one of the 23 exemptions that the CTA calls into question. So thoroughly review the exemptions along with your legal counsel,
determine if you qualify and if you can navigate a path around the reporting requirements. Otherwise, you're going to be obligated to report. So understand that these exemptions,
these are likely to change too. So keep in mind that as this CTA grows and as the regulations sort of, you know, grow and develop and legal challenges are made.
made, you can see the regulations are likely to change. The nature of your company could also change. So you could start off as an exempt company under the regulation,
but then later change or the nature of your business could change in which you might lose your exemption requirements. So think of a large operating company that initially qualifies for an exemption,
but then later loses it because it fails to meet the exemption requirement. So make sure you stay informed, stay on top of everything relative to your business for these changes and understanding the specific criteria for each exemption as it relates to your company.
This is imperative to your CTA requirements. Now let's talk about who must be disclosed. These people are your beneficial owners. According to the corporate transparency Transparency Act,
a beneficial owner is any natural person who, directly or indirectly, either exercises substantial control over a reporting company or owns or controls at least 25 % of the ownership interests of the reporting company.
These individuals are required to be disclosed under the CTA. Now, what does substantial control mean? An individual is considered to have substantial control if they,
let's talk about that, serve as a senior officer holding a position or exercising the authority of a CEO, the president, the CFO, general counsel,
COO, any other officer with similar function. So, basically, anyone who has authority over the appointment or removal of any senior officer or a majority of the board of directors.
directors. As you evaluate your company, not only do you need to look at who owns at least 25 percent of the ownership interest in your reporting company, you need to look at the people who have substantial control.
So these individuals who have the authority over the appointment or removal of any senior officer, again, these are your high level executives. And if you have a big board of directors, all these people are going to be required to be disclosed.
as beneficial ownership interests, a BOI, because they have substantial control within the company. So determine who in your company has these obligations. So you're looking at your owners,
who owns 25 % or more, and you're looking at those who are sort of in executive management of the company as well. So by bringing this transparency to the individuals who significantly impact reporting companies' decisions and others.
This really is the core importance of the CTA. So not just the top tier executive, but those who wield substantial influence behind the scenes. So you really need to critically evaluate this information.
Now if you were coming to me and you had a question about it or it sort of sat on the line or on the fence about whether somebody was or was not to be included as a beneficial ownership or who had substantial influence.
control, there's nothing hurting you to overindulge on the information. It's only when you fail to indulge the information to the government that you're gonna get in trouble. If you overindulge it,
there's nothing wrong with that. And keep in mind, all this information is going into a sealed, quiet government database. Now you can run whatever conspiracy theories you want in terms of gathering information that the government is keeping it on everybody,
but that's not going to happen. kind of what they're trying to do here. Think in mind, people who own or control at least 25 % of the ownership interests of a reporting company, these are beneficial owners.
The ownership interest is broad, it encompasses equity, stock, capital, profit interests, convertible instruments, options, or any other mechanism used to establish ownership. It's important to note certain exclusions from the definition of a beneficial owner as well.
These includes minors, like children under the age of 18, not pickaxe in hand, individuals acting as nominees or custodians, and employees whose substantial control is solely derived from their employment status,
you know, provided that they are not senior officers. So just because you're a manager in the company or you exercise control over a group of people as a manager, that doesn't necessarily put you into executive management.
So you need to sort of evaluate your employment status in that case. That's a good question that you could be talking to your lawyer about. All right, now let's switch our focus to the company applicants. Because if you formed your company post January 1st,
2024, the Corporate Transparency Act requires information about the company applicants for entities formed after that date. So if you hire somebody to create your company,
like a law firm or some other company, those company applicants or anybody applying for the exemption, those people are required to be disclosed as well.
So any company applicant, these people include those who directly file the documents creating the entity. So like your LLC, your articles of organization for an LLC, your articles of incorporation for a corporation.
corporation, partnership agreements, anything that you're filing with a secretary of state, those individuals, those domestic reporting companies are required to be included in your BOI disclosure, or anyone who registers the entity to do business in the United States if it's a foreign reporting company.
So this also includes the individuals directly responsible for controlling the filings. So if you were to hire me to file all of your... your corporate paperwork and start your company, I would be required not only to file who the owners are as a BOI with the CTA,
but I would be required to disclose myself as well as the individual who is responsible for directing or controlling the filing. So in this particular case to dig into that a little bit deeper,
a company applicant could be your lawyer, a paralegal, an employee at the business formation service that assists you in the formation of your entity. So if you're using a company like LegalZoom,
if you're using some other corporate assistance company and doing it online, those individuals might be required. So FinCEN requires up to two individuals to report as the company applicants,
even if more individuals meet the definition. So it's important to emphasize that the company applicant reporting requirement only applies to new companies formed on right. after January 1st,
2024. If your company was in existence prior to January 1st, 2024, all you need to do is register, but it's not required that you file the company applicant information as well. So any entity formed before this date,
those companies are not required to report the company applicants. So what happens if you don't comply? This is always the question like,
oh my god, I forgot. to do this. What's going to happen to me? So listen, the compliance is real, and the consequences are real. And the government is out to make sure that everybody does this.
So the CTA is going to look at penalizing you, civil penalties for failure to comply. And if there is willful noncompliance or willfully providing false information or failing to report accurate details,
those those civil penalties can be hefty and any criminal penalties also including imprisonment can also take place. So understanding these civil penalties, any possible imprisonment,
understanding these stakes is crucial for your business and for the leaders within your organization. So the CTA holds businesses accountable for providing accurate and timely information.
Though it is unlawful for any person to willfully provide provide false or fraudulent beneficial ownership information or to willfully fail to report complete or update beneficial ownership interest.
So if you made a mistake and forgot or didn't know, they're not going to really nail you for that. But if you knew it and you willfully avoided it, you're looking at an investigation, you're also looking at possible penalties.
So what are these penalties for noncompliance? Let me break it down a little bit for you. The act provides for both civil and criminal penalties, depending on the severity of the violation.
So first, let's talk about these civil penalties. A person found in violation may face a civil penalty of up to $500 per day, and this penalty accrues for each day that the violation continues.
These civil penalties can add up quickly, emphasizing the importance of a timely and accurate reporting. So if your obligation was to, let's say you started your business January 1st,
2024, follow all your articles and everything. You have now 90 days. So you have roughly till the end of March to get your BOI information done. Let's say you wait, you're impatient or you're not impatient,
but you sort of wait, you lag around a little bit. And now here it is April 1st and you forget and you don't do it. You could be penalized $500 per day, every day,
April 1st, April 2nd, April 3rd. That's going to add up quickly. If you're doing it on purpose and you're trying to hide information about your company, well guess what? That's going to be a problem for you too,
because in that case where you are willfully avoiding the obligation, that could result in criminal penalties against you. Let's talk about the criminal side. A person who willfully-- fails to report,
complete, or update your beneficial ownership information may face fines of not more than $10 ,000 and /or imprisonment for up to two years. That's a pretty big deal for missing a deadline.
Understand and make note that these penalties should not be taken lightly. It's not like they're going to say, "Oh, well, don't worry about it. It's going to happen." And you're going to see people happening. Now, that's not going to happen. Now, that's also going to create legal challenges and things like that,
moving forward. And there's always the whole emphasis of dealing with lawyers and trying to work out a resolution. So, do understand and don't devalue the seriousness of the reporting requirements.
So, senior officers of any entity failing to file a required beneficial ownership interest, these individuals are the ones who could be held accountable for that. failure. The CTA emphasizes the responsibility of leadership and ensuring compliance from that leadership and within the organization for these new leadership or excuse me for these new reporting requirements.
The leadership it's on your back make sure you keep this in line. But what happens if there is a genuine mistake or a need to correct the information? Well the nice thing here is the Act does provide a safe harbor provision.
from penalties for those who voluntarily submit a reporting or correcting inaccurate information within 90 days of the deadline for the original report. So if you're filing your information at the end of March 2024 because you're a new company,
start at the beginning of the year and you put in wrong information or you forgot somebody's information, you go, oh my God, I talked to Andy Conagullo, you told me I missed some things, now I got to add it. Guess what? That's safe harbor provision.
probably going to allow you to sort of sneak by so you can correct it because you're not doing it intentionally. You're doing it just because you forgot. So the importance of prompt correction is also something that you need to take into consideration just in case you create errors or you forget something along the way.
Now if you are involved in intentional misrepresentation or the providing of false or fraudulent beneficial ownership information. that carries significant risks.
That's where your criminal penalties are going to be involved. So it's not just about ensuring compliance, but also about maintaining the integrity of the information that is provided to the Financial Crime Enforcement Network,
or FINCEN. So what are some practical tips and considerations you can take as you delve into 2024 with your business and compliance under the Corporate Transparency Act?
So I'm not just here to lay down the facts. law for you. I want to be able to provide you with actionable insights. I want to be able to give you this information and give you some ideas so you can think about what you can do to make sure that your business stays compliant.
Let's discuss some practical tips and considerations for your business as you navigate the Corporate Transparency Act. So these things really range from internal processes to staying informed about the exemptions.
Let's discuss some practical tips and considerations. some strategies that you can have. First and foremost, the electronic filing is the name of the game. As of January 1st, 2024, businesses must file their BOI reports electronically using FinCen's secure filing system.
Literally, it is F -I -N -C -E -N dot G -O -V. It is FinCen dot gov, and that is where you go. It is a form you fill out online. I did it for my company. company. It took less than 15 minutes per entity,
something really short and sweet that you can do. So embrace the digital shift here. Ensure that your systems are ready. Familiarize yourself with a really user -friendly platform that is provided by FinCEN.
As for your timing, if your company was formed or registered before January 1st, 2024, mark December 31st, 2024 on your calendar, this will be the deadline for filing your initial.
BOI report. For those established on or after January 1st, 2024, you need to act quickly. You have 90 days after receiving notice of your company's creation or registration to submit your initial BOI report.
Also, stay informed. Explore FinCEN's dedicated resource at www .fincen .gov /boi. At that time,
you'll find comprehensive information, guidance materials, and frequently asked questions. Don't hesitate to reach out to FinCEN directly through their contact page at www .finsen .gov /contact if you have specific inquiries.
Knowledge is your ally in this journey. They really are trying to make this available and easy for everybody so there's no excuses that you can't get it done. As I said, said I have done it. I've done it a couple times for clients.
It is really very simple. Internally create an internal compliance calendar. Mark the important deadlines including the initial filing and any subsequent updates on your calendar.
This ensures that your business stays ahead of the curve and it minimizes the risk of unintentional non -compliance. And always make sure you collaborate with your favorite lawyer and Andrew Contagulia.
The Corporate Transparency Act introduces a new layer of complexity. So seeking legal advice from your legal counsel can be instrumental in navigating this terrain. To ensure that your legal team is well -versed in the nuances of the Act and providing you with tailored guidance so you don't make mistakes in the reporting process.
And last, review compliance, not just as an obligation. but as an opportunity to enhance transparency and trust. Embrace the opportunity to enhance your business operations and reinforce to your community your accountability.
But what does the future hold? Under the CTA, who knows? So let's take a look here. Let's look at our crystal ball. Let's discuss potential implications and predictions. What might happen coming up down the line?
So how is this-- business landscape really going to evolve and what should businesses prepare for in the upcoming years? So I really anticipate sort of this shift in corporate governance.
The Corporate Transparency Act really marks a significant departure from traditional business practices by introducing these really unprecedented transparency into the ownership structures of reporting companies.
This shift may prompt businesses to reach their governance models, place a renewed emphasis on accountability and their ethical practices. As the reporting requirements become more ingrained in businesses' operations,
I think we're gonna see an evolution in compliance strategies as well. Businesses are likely to invest in compliance framework. They are looking to leverage technology and legal expertise to streamline the reporting process.
The acts digital filing mandate may also pave the way for advancement in secure electronic reporting systems. So that's great. On the legal front, I'm predicting really an uptick in litigation surrounding compliance issues.
As businesses grapple with the intricacies of beneficial ownership reporting, legal disputes are going to arise because this is new. So there are going to be legal challenges to who should report.
report, whether somebody willfully did it, well, whether somebody did it by accident. All right, so these cases where we have interpretations of who maintains substantial control or ownership interests,
when these become contested, that is going to create legal issues. So this, I believe, is really going to lead to a body of case law that further refines the acts application. But that's what lawyers do.
We challenge the laws. we put it to the courts, we try to get information and context to what the law is supposed to mean. In addition, I think you're going to see a change in the global business landscape.
This is going, this Corporate Transparency Act right now is just in the United States, but I think you're going to see a ripple effect as the CTA sets precedent for enhanced transparency worldwide.
I think this is going to work. international discussions on beneficial ownership reporting standards, potentially inspiring other jurisdictions, like Europe, Asia, South America,
to adopt similar measures. I think there's a worldwide interest in combating money laundering, not financing terrorism, though you're gonna see other countries, I think Canada,
Mexico, all of these other countries, enacting similar legislation to provide... for similar disclosures to keep an eye on everything. And they're gonna end up sharing all this information with all the other countries around the world.
So this is gonna be an interesting and a difficult process for criminal organizations around the world to be able to navigate. They're going to be required to register everywhere they go.
So in the realm of business transactions, I'm anticipating an increased emphasis on really due diligence. As stakeholders become more informed, about the ownership structures of reporting companies, mergers,
acquisitions, partnerships, these are all going to undergo a more rigorous vetting process. So part of our due diligence process and M &A work, we're gonna be evaluating all of this information,
who the BOIs are, who's embedded in making the strategic decisions for the company. This is going to reshape how businesses approach negotiations. their risk assessments,
really as they look into things in their corporate arena. Last, I think the Corporate Transparency Act really serves as a catalyst for ongoing conversations about privacy, security,
and this real delicate balance between transparency and individual rights. As reporting becomes the norm, society may grapple with questions about the appropriate boundaries between corporate transparency and personal privacy.
I think this is going to spark discussions that extend beyond the legal realm. I'm sure there are plenty of you out there going like, "What? Now I have to disclose all this information to the government. The government doesn't have a right to understand or know what I own and all these different things." Well,
that is sort of where we are going as a society and as a business society to really struggle with these questions. What are the boundaries? If we give the government this much lead,
how much more are they going to take later on down the line? But again, now you got to look at the legal issues surrounding that and how it all integrates together. So the future implications of the CTA are really,
I think, pretty broad and they are multifaceted. So from transforming corporate governance to influencing global standards, I think the legislation sets the stage for a new era of transparency and accountability.
It was as businesses adapt to these changes, it's important to stay informed and proactive. I think that's going to be the key to navigating this new and evolving legal landscape. So I want to leave you with some closing thoughts on the Corporate Transparency Act.
But whether you're a seasoned business owner or just starting, staying informed and proactive I think is the key to navigating these changes successfully. Remember, knowledge is your greatest asset in the legal landscape.
First and foremost, foremost, compliance is not just a legal requirement, it's a strategic imperative. The CTA represents a paradigm shift in how businesses disclose their ownership structures, and embracing compliance isn't merely about avoiding penalties,
it's an opportunity to showcase transparency, build trust, and fortify the foundation of your business operations. The Act's impact extends beyond legal obligations.
It's a-- catalyst for change in corporate governance. It urges businesses to reassess how they structure and disclose their ownership interests. So as we move forward, I think the business landscape may witness a transformation with a heightened focus on accountability and ethical business practices.
So for businesses, navigating the reporting requirements demands a proactive approach, investing in robust compliance frameworks, leveraging technology for efficient electronic performance. filing, and signaling and seeking legal counsel who will be instrumental in ensuring a seamless transition into the new era of transparency.
The Corporate Transparency Act isn't just a law. It's a catalyst for change. It's a response to evolving societal expectations and to step toward a more accountable business environment.
So stay informed, stay compliant, and remember that underscoring-- understanding the implications of today's legal landscape shapes the future of your business. So thank you for joining me on this deep dive into the Corporate Transparency Act.
If you found this episode today insightful, don't forget to subscribe, rate, and leave a review. Your feedback fuels our legal journey, and until next time, remember I'm Andrew Contagulia reminding you to don't skip the legal.
Knowledge is power, good luck. luck. - Thank you for listening to the don't skip the legal podcast. I'm your host, Andy Contagulia. I hope you enjoyed our time together and this great opportunity to peek behind the business door and examine the legal lessons in business.
If you're keen to hear how these lessons can be applied in the real world, well, join us next week for another episode where you can listen in to another business success story. As always, you can head over to contagulia .com /podcast to sign up to our email list as well as check out all the...
links and resources in our show notes. If you enjoyed this episode and you'd like to help support the podcast, please share it with others, post about it on social media, or leave a rating and review. To catch all the latest from me,
you can follow me on Instagram, Twitter, and TikTok @ajcesque. Thanks again, this is Andy Contagullia reminding you to don't skip the legal. Good luck. The legal information contained in this podcast is intended for general information.
and entertainment purposes only. It should only be used as a starting point for addressing your specific legal issue. The legal information I talk about does not create an attorney -client relationship between you and me.
This podcast is not a substitute for an in -person or telephonic consultation with a lawyer who is licensed to practice in your jurisdiction about your specific legal issue. And you should not rely on this legal information for those purposes.
You understand that question? questions and answers or other information contained in this podcast are not confidential and are not subject to attorney -client privilege. I am not providing you a legal service. Every legal case is different,
and past performance is not indicative of future results. Please consult your own attorney.
