Corporate Transparency Act of 2022: What You Need to Know & the New Reporting Requirements for U.S. Registered Companies
U.S based CEOs and those coming from abroad should be aware of new U.S. legislation (31 U.S. Code § 5336 – Beneficial Ownership Information Reporting Requirements) that requires companies formed in or registered to business in the United States to report the name and information of their beneficial owners to the Financial Crimes Enforcement Network (“FinCEN”). Although… Continue Reading Corporate Transparency Act of 2022: What You Need to Know & the New Reporting Requirements for U.S. Registered Companies
What are the Differences Between a Corporation and a Limited Liability Company?
Whether you are starting a new company or expanding an existing one, knowing the key differences is important. Mike is running a successful business, yet now has a chance to diversify his assets and add to what he already has. It has been a long-time goal of his to create multiple streams of income. The… Continue Reading What are the Differences Between a Corporation and a Limited Liability Company?
How Can an LLC Operating Agreement or State Laws Remove a Member of an LLC?
Company owners often get along well in the beginning, yet have you discussed what will happen when you don’t? In the beginning of a company, the founders often start out well. The team gets along and there is often no discussion about what the company will do if the team stops working well together, reaches… Continue Reading How Can an LLC Operating Agreement or State Laws Remove a Member of an LLC?
Incorporation 101: Five Key Decisions When Forming a Corporation
Incorporating your business is an exciting transition. Whether you are changing your business from an LLC to a corporation or setting up your business for the very first time, the decisions you make in the early stages can protect your business interests for years to come. It is crucial to invest time at this stage… Continue Reading Incorporation 101: Five Key Decisions When Forming a Corporation
Subsidiary vs. Branch: Best Choice of Structure for Your Growing Business
As your company grows, the time will arrive when you need to consider the next step for the company. This could mean expanding your company to a new location. One of the first decisions you must consider is the demand you seek to fill in your target market and how you want to structure your… Continue Reading Subsidiary vs. Branch: Best Choice of Structure for Your Growing Business
Decoding the General Data Protection Regulation (GDPR)
What is it? On May 25th, 2018, a new law concerning privacy and data protection will come into effect in the European Union. The Guardian calls it the “biggest personal data shake-up since 1995.” The GDPR updates the 1995 European Union Data Protection Directive to apply to the advances in technology that many consumers rely… Continue Reading Decoding the General Data Protection Regulation (GDPR)
Top 10 Ways the New Tax Law Affects Your Business
On December 20, 2017, the U.S. Congress passed one of the most significant overhauls of the U.S. tax code in more than forty years. The tax reform act (formerly known as the Tax Cuts and Jobs Act or the “Act”) has far reaching effects on businesses in the U.S. as well as those abroad. We… Continue Reading Top 10 Ways the New Tax Law Affects Your Business
Top Places to Locate a Vendor
Top Places to Locate a Vendor or Business Client. If you have recently started a business or are in the process of growing it, it is likely that you are looking for additional businesses and organizations in which to work with and from which to purchase goods. With over 300,000 wholesale distributors in the United… Continue Reading Top Places to Locate a Vendor
3 Reasons Having An Attorney Is Always Better than Using Online Contracts
There is a serious confidence that comes from having sound legal counsel for your business legal matters. This piece of mind cannot be replaced. Three main reasons legal counsel will always outperform online templates are as follows: 1. Your Lawyer Should Care About Your Success. For many companies, their business is a reflection of what… Continue Reading 3 Reasons Having An Attorney Is Always Better than Using Online Contracts
4 Types of Employment Contracts
Bringing aboard new employees? When considering which employment contracts would work best for your business, consider what an employment contract is and how your business can benefit from it? An employment contract is an agreement between employer and employee setting forth the terms of employment. An employment contract may be written, oral, or implied. There… Continue Reading 4 Types of Employment Contracts