THE CORPORATE TRANSPARENCY ACT & FINAL RULE FOR BENEFICIAL OWNERSHIP REPORTING The Corporate Transparency Act (CTA), which was passed by Congress as part of the Anti-Money Laundering Act of 2020, requires reporting of beneficial ownership information (BOI) and was...
A limited liability company (LLC) is generally a low-cost structure many entrepreneurs utilize in an attempt to limit financial and tort liability, and assure that any problems that arise business remain company concerns, not personal ones. It’s important to...
Whether you decide to go into business with your best friend or a stranger, albeit one with the right talents to take your business to the next level, it’s important to hammer out a great agreement between the parties before launching the business. All other things...
At least once a week, our office gets a call from someone asking us whether they should form a Limited Liability Company (LLC) or an S-Corporation (S-Corp). We always say that there is no “one size fits all” answer to this question. Both are “disregarded” entities to...
Many early-stage businesses start as an LLC because the costs are so low. However, there may be a time to flip to a C-Corp. It can be done. Decisions made for a company early in its existence, even if they were ideal at that time, can become less than optimal as the...
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