If you’re starting a business, filing your Articles of Organization isn’t just a formality—it’s your business’s official birth certificate. This document legally establishes your Limited Liability Company (LLC), unlocking personal liability protection, tax flexibility, and professional credibility. Without it, your business isn’t recognized by the state, meaning you’re exposing yourself to legal risk and missing out on vital protections. Whether …
If you’re starting a business and want legal protection, credibility, and room to grow, filing your Articles of Incorporation is a must. This guide walks you through exactly what to include, how to file, and how to avoid costly mistakes—so you can build your business on a solid legal foundation and focus on what matters most: growing your dream. 🔹 …
MARCH 2 – Treasury Department Announces Suspension of Enforcement of Corporate Transparency Act Against U.S. Citizens and Domestic Reporting Companies Here’s how the announcement from the U.S. Treasury Department could impact you – Major Change: No More BOI Reporting for U.S. Businesses The Treasury Department has announced that it will not enforce any penalties or fines for failing to file …
While an LLC or corporation provides liability protection, it doesn’t make business owners immune to all risks. There are several situations where personal liability still applies: Personal Guarantees – If you personally guarantee a loan or contract, you remain liable even if your business defaults. Taxes & Payroll Liabilities – The IRS and state tax authorities can hold business owners …
Forming a corporation or LLC isn’t just about structure—it’s your financial shield. The “corporate veil” acts as a legal barrier, keeping your personal assets safe from business debts and lawsuits. This legal separation ensures that business debts and liabilities remain with the company, shielding the owners. However, if a court determines that a business is not being properly maintained as …
Risk is just part of the game. Whether you’re signing contracts, selling products, or dealing with customers, liability is always lurking in the background. But not all liability is the same. Understanding the difference between contract liability and tort liability is crucial for protecting your business and ensuring you’re prepared for basically anything. Contract Liability: A Deal is a Deal …
UPDATE (MARCH 4, 2025) : As of now, the US Treasury Department has officially suspended all enforcement of the CTA. Read here for more details. Here’s the most up-to-date information we have on the Corporate Transparency Act (CTA) and Beneficial Owner Reports (BOI). If you own a small business, you’ve probably heard about the Corporate Transparency Act (CTA) and the …
I’ve been apart of almost 10 new ventures before turning 35, and I will tell you that those first few years can be both brutal (hello, it’s expensive) and exciting. I am big on the “BIG IDEA” – honestly, I could come up with BIG IDEAS all day long (I am a branding nerd!) and so it’s been a huge …
You’ve got the BIG IDEA, and you’re excited to hit the ground running. Here’s a check list to make sure you’re ready to start up and grow. Starting a small business can be overwhelming, but with careful planning and attention to detail, you can set yourself up for success. File your Entity with the US Government Choose a Business …
UPDATE (MARCH 4, 2025) : As of now, the US Treasury Department has officially suspended all enforcement of the CTA. Read here for more details. On Thursday 1/23/25, the Supreme Court reinstated the Corporate Transparency Act and lifted the injunction. The case now returns to the 5th US Circuit Court of Appeals for further deliberation. So what does this mean? Nobody …