As a member of the Alianza Legal De Firmas de Abogados (ALL) network, Estrella is honored to participate in the publication of the ALL DOING BUSINESS Guide 2024 for the Puerto Rico market. This guide provides entrepreneurs, investors, diplomatic missions, as well as trade agencies, with commercial, corporate, labor and immigration information corresponding to the
On March 25, 2024, the Department of Health of Puerto Rico issued Administrative Order 2024-589 (“AO 2024-589”) to declare a public health emergency for Dengue Fever in Puerto Rico due to a significant increase in reported cases. OA 2024-589 is effective immediately and will be in effect for ninety (90) days. The purpose of OA
The Corporate Transparency Act (CTA), enacted on January 1, 2021, and effective January 1, 2024 (31 U.S.C. § 5336), requires certain entities to report their beneficial ownership information (BOI) and other information to the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). While exemptions to the CTA exist, the CTA’s application is intended
Many business owners decide to operate as a traditional corporation or a limited liability company to reduce personal risk, optimize tax management or secure capital from investors. In the case of a family run business, it is a natural step in the growth of the business from a D/B/A to secure long-term performance beyond founding
On August 30, 2023, the Department of Labor (DOL) announced proposed regulation issued under the Fair Labor Standards Act (FLSA) to increasing the standard salary level of most exempt employees. The proposed rule also specifically intends to restore overtime protections for U.S. territories”. Thus, if a final rule is announced as proposed, it will increase the
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