September 2024 - Compass Advocacy

As Delaware and Pennsylvania prepare to welcome new legislators into their state houses, now is the perfect time for organizations, businesses, and advocacy groups to strategize on building meaningful relationships with these fresh faces. Here’s how our PR team can help you make a strong impression and establish valuable connections:

Tailored Letters to Elected Officials

One of the most direct ways to reach out to new legislators is through tailored letters. Compass’s PR professionals can craft well-considered, personalized letters clearly communicating your stance on issues that matter most. By addressing the specific interests and priorities of incoming legislators, you can effectively highlight how your organization’s goals align with their legislative agendas.

Mobilizing Community Support

Building a network of support can significantly enhance your outreach efforts. Compass can organize targeted campaigns to engage your community and demonstrate to new legislators that there is substantial backing for your cause. By mobilizing constituents and showcasing widespread support, you can make a compelling case for why legislators should take notice.

Strategic Communication and Engagement

Maintaining effective communication with new legislators is key to establishing a strong relationship. Compass can help manage your ongoing interactions, ensuring that your messages are consistently relevant and impactful. We can also adapt strategies as the political landscape evolves, keeping your organization’s voice heard amidst changing priorities.

With new legislators joining the state houses in Delaware and Pennsylvania, now is the time to strategically engage and build relationships. By leveraging Compass’s PR expertise, you can effectively position your organization and foster strong, productive relationships with the new legislative leadership. By taking these steps, you’ll be well-prepared to navigate the changes and make a lasting impact in a changing political landscape.

https://mailchi.mp/compassadvocacy/compass-pr-navigator-september-2024-9920692

As a result of the Federal Corporate Transparency Act of 2021, certain companies must report Beneficial Ownership Information (BOI) to the U.S. Treasury Financial Crimes Enforcement Network (FinCEN) no later than January 1, 2025 [1]. In addition, any changes to BOI filings must be filed with FinCEN within 30 days of such change. This new requirement is part of the U.S. Government’s effort to go after bad actors seeking to hide gains through shell companies and other less than transparent ownership structures.

There are 23 exemptions to such filings, but if your business doesn’t qualify for one of them, then you must file a report. Compass Law Partners has assisted businesses in determining whether such a report must be filed and has experience filing such reports. Unfortunately, even with the exemptions, most small businesses will need to file a report and periodically update it.

Once a business determines whether or not it must file BOI reports, it must also determine who the beneficial owners of the company are for such filing. There are two qualifiers: (1) someone who exercises “substantial control”; and (2) someone who owns at least 25 percent of the ownership interest of the company. In addition, for businesses formed after January 1, 2024, there are additional reporting requirements.

For the months of September and October 2024, Compass Law Partners is offering clients a discounted flat fee of $500 to conduct the analysis of whether you need to file such report to the U.S. Treasury’s FinCEN; such fee also includes filing the report on your behalf.

[1] Companies created in 2024 must file within 90 days of formation. Companies created after January 1, 2025, must file within 30 days of formation.

https://mailchi.mp/compassadvocacy/compass-law-navigator-september-2024-9919740

Month: September 2024

Navigating New Legislative Landscapes: How Compass PR Can Help You Connect with Incoming Legislators

Many Businesses Now Have to File A New Report with the U.S. Treasury