The Americas region is facing heightened levels of risk. With long-standing geopolitical relationships rapidly changing and growing economic uncertainty driven by shifting U.S. trade and economic policies, as many as 91% of executives in the region agreed that the global risk landscape is now more defined by crisis than at any time in recent memory.
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In an era of non-stop crisis, businesses that want to grow and meet their targets must take a proactive approach to risk. The problem is that few businesses are being proactive, and things are getting worse. In this 10th annual report and survey of 500 senior leaders worldwide on global risk, see how the risk rift and top risks are causing a risk-averse effect. But playing it safe could be dangerous. For effective risk management, it is crucial for businesses to adopt a proactive risk approach and enhance their risk posture to seize the opportunities ahead of them.
When your child begins college, take a gap year program, or go study abroad, there are three important documents he or she should have in place that will allow you to help in the event of an emergency or other circumstances. These estate planning documents, including a HIPPA release, are not just for college-bound children. Every young adult over the age of 18 should consider having certain legal documents in place.
As with any technology, change happens gradually, not overnight. And GenAI is no different. While it may seem to many that the AI enterprise adoption is at a standstill because the financial benefit is not yet evident, important steps are happening behind the scenes that are setting the stage for broader scale adoption and monetization in the not-too-distant future. In this report, we address the common questions about the generative AI theme.
Going into the year 2025, the insurance industry faces a landscape marked by complexity and uncertainty. In this summary, learn more about the top-of-mind insurance issues and what to expect in the areas of digital disruption, GenAI, reinsurance trends, emerging risks, economic trends, regulatory updates, evolving tax roles and responsibilities, and more.
With the new administration in the U.S. and its focus on various parts of the Tax Cuts and Jobs Act (the TCJA) and the estate tax, changes are expected amid the balancing of competing considerations. In this 10-minute interview, Jason Kohout, partner and co-chair of the Family Offices group at Foley & Lardner, and John Strom, federal lobbyist and member of Foley & Lardner’s Public Policy & Government Relations group discuss the key parts of the TCJA and whether the TCJA’s doubled estate and gift tax exemption will be extended and potentially made permanent.
Being a fiduciary for your organization’s retirement plan doesn’t have to be complicated or overwhelming. However, it does require careful oversight to mitigate risk and help participants meet their retirement goals. With the use of this checklist that should be reviewed on an annual basis, employers can better manage their retirement plan responsibilities.
Get ready to comply with the five new data privacy laws that will come into effect in January 2025 in Delaware, Nebraska, Iowa, New Hampshire, and New Jersey. With the active enforcement by several states’ Attorneys General and a trend toward broader applicability, data privacy compliance is becoming increasingly important and complex. Companies should carefully evaluate whether they are subject to any laws coming into effect and take steps to ensure compliance.
As the new U.S. federal landscape takes shape, this outlook report is designed to provide key insights into policy implications and how they may impact various industries in 2025, including agriculture, energy and environment, healthcare, tax, technology, trade, and transportation and infrastructure.
Unless your entity qualifies for 1 of the 23 exemptions, all entities—including limited liability companies and limited partnerships—created prior to January 1, 2024 are required to file reports under the Corporate Transparency Act (CTA) by January 1, 2025. Willful violations can result in civil and criminal penalties for failure to comply with the CTA requirements. Set forth here is a summary of the CTA beneficial ownership regulations, the types of entities that are exempt, and the filing requirements that include disclosure of information about the entities’ beneficial owners.