Torres & Zheng at Law, P.C.

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31 Hudson Yards # 62

New York, NY 10001

+1 (917) 768-0575

https://www.torresbusinesslaw.com

Torres & Zheng at Law, P.C. is a trusted business law firm located in Long Island, New York. Our team of business lawyers helps our clients navigate business litigation, mergers and acquisitions, contract law, wealth management for high-net-worth individuals, and more based on our clients' unique needs. We offer tailored legal solutions across all business sectors, with a specialty in restaurant law. Our multilingual legal team embodies a people-first mindset-fluent in Mandarin, Cantonese, English, and Spanish- fostering seamless partnerships with business owners of diverse backgrounds and nationalities. We recognize every client's unique needs and are dedicated to empowering businesses with informed legal strategies for lasting success.

The SEC recently announced it is reconsidering the definition of a foreign private issuer. If changes are adopted, many international companies could lose their current reporting exemptions. This could mean full compliance with United States disclosure rules for companies that have mostly US-based shareholders or operate primarily in the United States. Businesses that currently qualify as FPIs should review their structure and compliance plans as soon as possible. Our latest blog explains what the SEC is reviewing and what foreign issuers should do to prepare.