Coon & Cole is navigating clients through the recently enacted Corporate Transparency Act ("CTA"), which may have a significant impact on your business and may require you to take immediate action to be in compliance.

Beginning on January 1, 2024, many businesses are required to report and disclose information regarding the individuals who own or control the businesses ("Beneficial Owners") to the U.S. Treasury Department’s Financial Crimes Enforcement Network ("FinCEN") pursuant to the CTA. Under the Act, Beneficial Owners include all individuals who directly or indirectly either (a) exercise substantial control over the business or (b) own or control 25% or more of the ownership interests of the business.

The CTA also requires businesses to submit updated or corrected reports with FinCEN if the information submitted in the Initial Report has changed or is no longer accurate (each, a “Change”). Updated or corrected reports are required to be filed with FinCEN within thirty (30) calendar days after a Change occurs.

Please contact the firm at 410-244-8800 to schedule a CTA compliance consultation.

We are honored to announce that partner David Cole and of-counsel attorneys Marc Shach, Constance M. Hare, and Gary R. Greenblatt have been selected by Best Lawyers^® for their 2025 list of the "Best Lawyers in America."

Coon & Cole has moved its Baltimore County office from 305 W. Chesapeake Avenue, Suite 510, Towson, MD 21204 to:

Coon & Cole, LLC
1301 York Road, Suite 400
Lutherville, MD 21093

As we celebrate our 33^rd year in business, we are excited to be in this new, larger office, which will better support our ever-growing practice. We are just minutes up York Road from our old building and a stone’s throw from Interstate-695, in the historic 1301 York Road office building, home of the Peppermill restaurant. Our new building has abundant, free client parking. Our phone numbers, fax number, and email addresses remain the same.

For over 30 years, Coon & Cole has been a trusted, full-service law firm for Maryland businesses, handling their corporate organization, commercial transactions, disputes and litigation, bankruptcy and dissolution. We pride ourselves on growing with our clients, supporting them over the life of their businesses, bringing our skills to bear as their needs and goals change over time.

Coon & Cole understands that businesses do not operate in a vacuum. Therefore, we strive to develop a holistic strategy with each client that makes sense in the context of its overarching business goals.