New Federal Reporting Requirements for Beneficial Ownership Information Applies to All Companies

The Corporate Transparency Act creates a requirement that information of those who own or control companies be reported to the U.S. Government to make it more difficult for bad actors to hide or benefit from ill-gotten gains through shell companies. This information is reported to the Financial Crimes Enforcement Network (FinCEN) who began accepting reports on January 1, 2024. Companies created before January 1, 2024 have until January 1, 2025 to file their initial beneficial ownership information report. Companies created after January 1, 2024 but before January 1, 2025 have 90 calendar days to report. Companies created after January 1, 2025 have 30 calendar days after the company’s registration with the Secretary of State. All corporations, limited liability companies and other entities created by filing with the Secretary of State are required to report. 


A beneficial owner is determined to be anyone who exercises substantial control over the reporting company or owns or controls at least 25% of the ownership interest. An individual can exercise substantial control in four different ways: 1) acting as a senior officer, i.e., President/CFO, Treasurer/Chief Financial Officer, or similar function; 2) having authority to appoint or remove certain officers; 3) being an important decision maker; 4) having any other substantial form of control over the company.



Please let us know if you require assistance in complying with this new federal reporting requirement. 


By Chad Mckenney February 6, 2026
WHO WE ARE Donohue McKenney Ltd. is a full-service law firm in Maple Grove, Minnesota, providing comprehensive legal services to business and individual clients throughout the Twin Cities and nationwide since 1994. Our practice areas include business law, construction law, employment law, real estate, estate planning, probate, family law, personal injury, and civil litigation. Visit dmlawltd.com for additional information. POSITION OVERVIEW We are seeking an experienced Legal Assistant or Paralegal to join our team, providing support to our family law and civil litigation attorney. The ideal candidate is a detail-oriented self-starter who thrives in a collaborative, team-oriented environment and can effectively manage multiple priorities while meeting deadlines. KEY RESPONSIBILITIES Case Management & Administration • Assist in all aspects of family law and civil litigation matters • Maintain attorney's calendar and coordinate phone calls, meetings, depositions, mediations, and court appearances • Monitor intake of new matters and schedule consultations with attorneys • Ensure proper docketing and timely filing of all court papers • Track case progress, deadlines, and procedural requirements • Maintain organized case files with all relevant documents, pleadings, and correspondence Document Preparation & Filing • Draft, prepare, proofread, and review legal documents including pleadings, correspondence, deeds, and estate planning documents • File and eFile documents with courts and governmental offices Client Relations • Conduct new client intake calls and gather essential case information • Create and update client and matter records in case management database • Communicate case status updates and upcoming deadlines to clients and respond to client questions • Gather information from clients to respond to discovery requests Research & Support • Research and compile case-related documentation, reports, and billing summaries • Organize discovery materials and evidence • Assist in hearing and trial preparation • Perform various clerical duties including routing mail and screening calls/emails QUALIFICATIONS Required • Minimum 2 years of administrative assistant experience • Knowledge of Minnesota state court procedures and e-filing systems or willingness to learn • Proficiency in Microsoft Office, Adobe Acrobat, case management software, and legal research tools. Willingness to learn unfamiliar software. • Exceptional organizational abilities and attention to detail • Excellent written and verbal communication skills • Ability to manage multiple priorities and meet deadlines • Strong interpersonal skills and team collaboration abilities • Self-motivated with a positive, professional, can-do attitude • Commitment to strict confidentiality Preferred • Legal Assistant or Paralegal experience • Experience with family and domestic law matters COMPENSATION & BENEFITS • Competitive salary based on experience • Medical, Dental, HSA, and 401K options • Flexible/hybrid schedule available after initial training period TO APPLY Please send your resume to Info@dmlawltd.com We are not accepting search firm submissions for this position. Please apply directly.
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