AI Landmines, Part 2: The Limits of AI “Nutrition Labels”
Why system cards are a starting point, not a complete assessment In Before You Use AI, Read the Fine Print, we discussed how vendor terms can leave you exposed to privacy and liability risks. In this follow-up to our AI Landmines post, we focus on another potential problem: treating AI “system cards” as if they provide a complete… View Article
Posted on Thursday, September 11th, 2025
AI Landmines Hidden in Your Contracts
Practical guidance for spotting AI risks in your agreements You do not need to be an AI expert to face legal or regulatory problems caused by vague or outdated contract language. Artificial intelligence is now built into CRMs, HR tools, marketing platforms, analytics dashboards, and many other services. This means your company may already be… View Article
Posted on Friday, August 22nd, 2025
Shadow AI: The Compliance Risk You Might Be Missing
Employees are increasingly using generative AI tools, such as ChatGPT, Gemini, and Copilot, without authorization or oversight. This unsanctioned usage, often referred to as Shadow AI, creates substantial legal and compliance risks. It can result in the loss of trade secret protection, unauthorized disclosure under privacy laws, and breach of contract, all without management being aware… View Article
Posted on Friday, May 23rd, 2025
AI Laws Are Here: What U.S. Businesses Need to Know Now
Artificial intelligence is no longer a futuristic buzzword or a side project for tech giants. From hiring and healthcare to marketing and customer service, AI is embedded in the operations of businesses across the country. What many companies still overlook, however, is that AI is already regulated — not just in theory, but in binding laws and… View Article
Posted on Thursday, April 24th, 2025
Enforcement of BOI Reporting under the Corporate Transparency is Mostly Paused . . . For Now
Treasury Department Announces Suspension of Enforcement of Corporate Transparency Act Against U.S. Citizens and Domestic Reporting Companies | U.S. Department of the Treasury If you are unsure if your business still needs to comply with CTA/BOI Reporting, consult with legal counsel.
Posted on Wednesday, March 5th, 2025
Before You Use AI, Read the Fine Print
Artificial intelligence tools are revolutionizing business operations, offering powerful capabilities in content generation, customer service, data analysis, and more. However, before integrating AI into your company’s workflow, it’s critical to scrutinize the terms and conditions of the tools you plan to use. Many businesses rush to adopt AI without fully understanding how these platforms handle… View Article
Posted on Wednesday, February 26th, 2025
Embracing Data Privacy: What the Minnesota Consumer Data Privacy Act Means for Your Business
In an era where data privacy is increasingly important, many states are considering or have recently passed data privacy laws. Minnesota joins Maryland, Vermont and several other states currently enacting data privacy legislation that take effect between July 1, 2024 and July 2026. California was the first state to pass a modern data privacy act… View Article
Posted on Tuesday, August 20th, 2024
Obtaining a FinCEN Identifier (ID)
As the new year has begun, so have the reporting requirements of the Corporate Transparency Act. As a follow up to our September 14, 2022 article “An Introduction to the Corporate Transparency Act,” and our December 23, 2023 article “Basic Overview of the Corporate Transparency Act (CTA),” this article outlines the process of applying and… View Article
Posted on Tuesday, January 23rd, 2024
Basic Overview of the Corporate Transparency Act (CTA)
As a follow up to our 2022 article “An Introduction to the Corporate Transparency Act,” this article seeks to take a deeper dive into the Corporate Transparency Act (CTA) and its reporting requirements which go into effect January 1, 2024. In an effort to prevent illegal activities, the CTA was passed to improve business activity… View Article
Posted on Saturday, December 23rd, 2023
Mergers and Acquisitions: Unique Matters to Consider when Dealing in Aviation
As a buyer, understanding the industry of a target company is key to completing a thorough due diligence process. Knowing the ins and outs of an industry can help identify specific or unique due diligence matters which can raise concerns or other red flags that wouldn’t otherwise arise in another context. This article lists some… View Article
Posted on Wednesday, November 8th, 2023