Hughes Legacy Law

Memorial Day is coming up, and we wanted to take a moment to honor the courageous men and women who made the ultimate sacrifice in service to our country. As we enjoy time with family and friends, let's also take time to pay tribute to our fallen heroes. Whether it's through a moment of silence, a visit to a local memorial, or simply sharing their stories, let's ensure that their legacy lives on. To all who have served and continue to serve, thank you for your service and sacrifice. Today, and every day, we honor your bravery and remember those who gave everything for our freedom.

Our staff members had a wonderful time at the AR Workshop Alexandria creating their own unique DIY projects. Thanks for all that you do!

Our attorneys enjoyed a weekend attending the Virginia CLE Conner-Zaritsky 45th Annual Advanced Estate Planning and Administration Seminar held at the Omni Homestead Resort in Hot Springs, Virginia. They had an incredible time learning and networking... and utilizing the hot springs nearby! Looking forward to the next one.

Thank you to everyone who joined us for the happy hour at Lazy Dog Restaurant & Bar yesterday. It was so great to reconnect with old friends and colleagues. Till the next one!

We are proud to have sponsored the Community Foundation for Northern Virginia's annual Shape of the Region Conference, held today at the George Mason University's Dewberry Hall. Looking forward to next year's conference!

A new federal law called the Corporate Transparency Act (CTA) aimed at combatting money laundering took effect on January 1, 2024.   The CTA requires existing closely-held, private businesses, as well as new ones formed after January 1, 2024, to file a report with the US Department of the Treasury to disclose information about the business’s “beneficial owners”. Beneficial owners exercise substantial control over the “reporting company” or they own or control at least 25% of the reporting company’s ownership. No later than December 31, 2024, most small, privately-held companies existing prior to January 1, 2024, will be required to make a filing with the Financial Crimes Enforcement Network (FinCEN). Companies formed on January 1, 2024, and afterward must file such a report no later than 90 days after forming the company. While there are some exemptions from being considered a reporting company, this will affect most small businesses. You can file this information electronically through a secure filing system available via FinCEN’s website at https://www.fincen.gov/boi. The willful failure to report complete or updated beneficial ownership information to FinCEN, or the willful provision of or attempt to provide false or fraudulent beneficial ownership information may result in a civil or criminal penalties, including civil penalties of up to $500 for each day that the violation continues, or criminal penalties including imprisonment for up to two years and/or a fine of up to $10,000. Senior officers of an entity that fails to file a required BOI report may be held accountable for that failure. You can also find more information and updates on our website at https://lnkd.in/emd8svUw.

Lisa Hughes had the great pleasure of speaking at the Northern Virginia Estate Planning Council meeting yesterday at Maggiano's Little Italy regarding the 2024 Heckerling Institute. Today is also her birthday, so join us in both congratulating her and wishing her a happy birthday!

Proud of you, Lisa.

We are thrilled to start the new year with our Founder, Lisa Hughes, receiving the Best Lawyers® 2024 "Lawyer of the Year" award for Closely Held Companies and Family Businesses Law in Washington, D.C.!

We had so much fun celebrating the holidays with our staff and their families last night. All of us at Hughes Legacy Law would like to wish everyone the happiest of holidays and a wonderful new year!