Smearman Marshall LLC

12/19/2025

07/16/2025

Welcome to Issuu’s blog: home to product news, tips, resources, interviews (and more) related to content marketing and publishing.

03/31/2025

After many injunctions, extensions and general confusion, the Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule to remove the requirement for U.S. companies to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act. FinCEN revised the definition of “reporting company” to only include those entities that are formed under the law of a foreign country and that have registered to do business in the United States. The interim rule will be finalized later this year, but there will be no requirement for businesses formed by Ohio residents to comply with the BOI filing that was the topic of our prior articles.

03/01/2025

Celebrating the life of our dear friend and colleague

Celebration of Life today 4-8pm as we Honor a great Man, Lawyer and most importantly Friend. Please stop by Nora’s to pay respects to his family and friends. If you have any Soccer gear please wear it for Dave.
May the Road rise to meet you Dave ☘️❤️

12/24/2024

We thank our clients for your business and wish you and your families the best for this holiday season!

10/31/2024

To follow up on our post from March, the deadline for FinCEN reporting is fast approaching. If your business was created before January 1, 2024, you have until January 1, 2025, to file your BOI Report. Those businesses created between January 1, 2024, and January 1, 2025, will have 90 days from creation to file the BOI Report.

On January 1, 2024, a new law went into effect that will affect many small businesses - the Corporate Transparency Act (“CTA”). The CTA requires most small businesses to submit a Beneficial Ownership Information (“BOI”) Report to the U.S. Department of Treasury’s Finance Crimes Enforcement Network (“FinCEN”).

What does this mean for you? If your business, such as a corporation or LLC, is registered with Ohio’s Secretary of State, you are likely required to submit a BOI Report. The business will need to create an account with FinCEN and then electronically file some information about the business, such as name, address, and employer ID number. The business will also need to file information about the “beneficial owners” of the company, such as their names and addresses.

There are some businesses who are exempt from filing a BOI Report, but those exemptions are limited. A private business that meets all of the following conditions will be exempt: (1) It has more than twenty (20) full time employees, (2) Gross revenues of at least $5 million dollars earned domestically (based upon the tax return from for the prior year), and (3) a physical office in the United States.

If complying with the CTA is something with which you or your small business needs assistance, give us a call!

10/28/2024

For those looking for guidance with Cuyahoga County and State judicial elections

*The OWBA did not rate any candidates in the Ohio Supreme Court Races.

10/19/2024

We mourn the loss of Jack Marshall, our friend, partner and co-worker. Jack’s guidance and influence on us will leave a lasting legacy. His focus on issues and attention to detail was only outweighed by his love for and loyalty to his clients, friends and most important, his family. We will miss him dearly.

View Wentworth "Jack" Marshall's obituary, send flowers, find service dates, and sign the guestbook.

03/17/2024

On January 1, 2024, a new law went into effect that will affect many small businesses - the Corporate Transparency Act (“CTA”). The CTA requires most small businesses to submit a Beneficial Ownership Information (“BOI”) Report to the U.S. Department of Treasury’s Finance Crimes Enforcement Network (“FinCEN”).

What does this mean for you? If your business, such as a corporation or LLC, is registered with Ohio’s Secretary of State, you are likely required to submit a BOI Report. The business will need to create an account with FinCEN and then electronically file some information about the business, such as name, address, and employer ID number. The business will also need to file information about the “beneficial owners” of the company, such as their names and addresses.

If your business was created before January 1, 2024, you have until January 1, 2025, to file your BOI Report. Those businesses created between January 1, 2024, and January 1, 2025, will have 90 days from creation to file the BOI Report.

While an Alabama Federal District Court judge has ruled the CTA unconstitutional, the reach of that decision is limited to the parties involved in that case. As of now, the CTA applies to all other businesses.

There are some businesses who are exempt from filing a BOI Report, but those exemptions are limited. A private business that meets all of the following conditions will be exempt: (1) It has more than twenty (20) full time employees, (2) Gross revenues of at least $5 million dollars earned domestically (based upon the tax return from for the prior year), and (3) a physical office in the United States.

If complying with the CTA is something with which you or your small business needs assistance, give us a call!

01/01/2024

We wish everyone a healthy, happy and successful 2024, and are excited to venture into the new year as we change from Smith Marshall LLP to Smearman Marshall LLC.

A special thank you to Jaclyn Kasai Designs (www.jaclynkasai.com) for her guidance and excellent work throughout our rebranding effort.

Happy New Year!