Recently, the United States congress passed the Corporate Transparency Act. This act requires U.S. corporations and limited liability companies (LLCs) to disclose their beneficial owners. This legislation will go into...
When starting a business, it’s important to have a solid operating agreement in place. An operating agreement outlines how a business will be run, including ownership structure and decision-making processes....
As a business owner, forming a corporation is often the best way to protect yourself and your business. It provides liability protection, tax benefits, and easier access to funding. But,...
You’ve just started your business and you’re ready to make it official. But what documents do you need to file to get things rolling? To establish a corporation, the process...
A foreign limited liability company (LLC) is one that has been created in a state or country other than the one in which it conducts business. The purpose of setting...
In many US states, professionals who offer their services through a business entity must form a PC (Professional Corporation) or a PLLC (Professional Limited Liability Company). This process differs widely...
When starting a business, it is important to consider the legal structure of your venture. There are numerous options to choose from, but two popular choices are operating as a...
Starting and running a business can be a complex endeavor. It’s important to consider whether you need to register a trade name or not, and it’s equally important to ensure...
What is a De Facto Partnership? A de facto partnership, sometimes called an “Ad Hoc Partnership”, is an informal business arrangement between two or more parties. It is a spontaneous...
What is a Domestic Limited Liability Company? Domestic limited liability (also called a “Limited Liability Company” or “LLC”) is a type of business structure in which the owners of the...
(This article uses an episode of Discovery Plus’s popular show, Sister Wives, to illustrate a point about the importance of proper business planning. Any implications about the actors’ inner lives...
You went to all the trouble to form your company as an Anonymous LLC, but now you are concerned. How can you possibly remain anonymous and execute a contract? Remember...