Author Archive: AZBio

CEI Announces Program to Help Startups Raise Capital

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Securing capital for your startup can seem daunting to entrepreneurs, but with the right strategies, resources, and expert guidance, it’s entirely within reach. The Center for Entrepreneurial Innovation (CEI) has introduced Capital Cure, a 16-week course designed to guide you through the entire capital-raising process. Whether preparing for your first funding round or gearing up for future investment opportunities, this program will give you the tools and knowledge you need to succeed.Continue reading→

Update: Corporate Transparency Act and Reporting Obligations

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In the closing weeks of 2024, the Corporate Transparency Act (the CTA) has been making its way through the federal legal system creating a confusing on again-off again scenario.  (Read more at The National Law Review) On December 31, 2024, the U.S. Solicitor General went to the Supreme Court and filed an Application for a Stay of the Injunction issued by the United States District Court for the Eastern District of Texas (Application) in the case of Texas Top Cop Shop, et al. v. Garland, et al., appealing the initial nationwide injunction issued by the District Court against enforcement of the Corporate Transparency Act (CTA) and the ensuing conflicting appellate rulings by and within the U.S. Fifth Circuit Court of Appeals’ “motions panel” and “merits panel.”

What this means is the the future of the CTA still not resolved.

According to FinCEN on January 2, 2025, “In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports.” SOURCE

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It’s Time to Apply for AZ Fast Grants

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The Arizona Commerce Authority has partnered with the Small Business Administration to facilitate the Federal and State Technology (FAST) Partnership Program. Arizona’s FAST program supports entrepreneurs and startups through programs that advance innovative, technology-driven small businesses.Continue reading→

BIO Applauds the Inclusion of Important Health Care and Agriculture Priorities and Programs in Year-end Government Funding Bill

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John F. Crowley, President and CEO of the Biotechnology Innovation Organization (BIO), today released the following statement ahead of an expected vote in the U.S. House of Representatives on a year-end government funding bill that includes many urgent and bipartisan health care and agricultural priorities and programs:Continue reading→

The Corporate Transparency Act – Is it on Life Support?

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In Texas Top Cop Shop, Inc. et al. v. Merrick Garland, a U.S. District Court in Texas has issued a potentially major setback to the continued application of the Corporate Transparency Act (CTA), which became effective on January 1, 2024. The CTA was passed in 2021 to help gather information to assist in the support of anti-money laundering and anti-terrorism investigations and enforcement of related laws. However, the CTA required onerous reporting requirements for companies, while providing exceptions for large entities. The anticipated impact of the CTA on investment entities, small businesses, and other complex structures related to corporate governance was considered significant.Continue reading→