The Statute of Frauds and Partnership/Operating Agreements

A significant question pending under the recently effective Corporate Transparency Act (“CTA”) is whether a limited liability partnership (“LLP”) is a “reporting company” as defined in the CTA and the related “Reporting Regulations.” Classification as a reporting company has the effect of ab initio subjecting the firm to the beneficial ownership information reporting obligations of […]

Earlier this year we started issuing a series of SKO Insiders on the Corporate Transparency Act, which requires most businesses to file a federal report with information about its “beneficial owners” and other details.  Then, a federal District Court in Alabama found the CTA to be unconstitutional, but issued relief to only the members of […]

Interest in medical cannabis is definitely high in Kentucky.  The Kentucky Office of Medical Cannabis released an updated and final tally for the total number of applications it received for the medical cannabis license lottery.  As of the August 31, 2024 deadline, 4,998 applications were received by the Commonwealth. The lottery drew thousands of applicants—and their […]