Why You Need a Lawyer – Nonprofits

I’m starting a nonprofit and not sure where to start – Do I need a lawyer?   While it is not a legal requirement to have a lawyer help you register your nonprofit in the US, it is highly advisable to seek legal counsel.   Here are several reasons why involving a lawyer can be be really helpful: Expertise in …

Registering Your Business as a DBA VS. LLC, Partnership, or Corporation

DBA? LLC? Corporation? Partnership? You’re ready to start a new business, but you’re not sure what type of entity makes the most sense for you. We’ve assembled a quick pro-con comparison of all the options to help you choose the best entity type for you.   Here’s a pro/con comparison of keeping your business registered as a DBA (Doing Business …

The Constitutional Debate: U.S. District Judge’s Ruling on the Corporate Transparency Act

On March 3rd, 2024, a U.S. District Judge in Alabama made a significant ruling declaring the Corporate Transparency Act (CTA) unconstitutional in a specific case. This judgment has ignited discussions surrounding the delicate balance of power between the branches of government, particularly regarding the authority of Congress to regulate corporate transparency. It’s important to note that this ruling applies solely …

Registered Agent – Why do you need one?

You’ve just registered your entity in the US, and you want to make sure you don’t miss anything important. Here’s why delegating a registered agent can an asset to your business.   What is a Registered Agent? A registered agent is a person or entity that is designated to receive legal documents and notices on behalf of a business entity. …

Corporate Transparency Act

Understanding the Corporate Transparency Act (CTA)

Do you operate or own an entity (LLC, Partnership, Corporations, etc) in the United States? Heads up, there are big changes coming to what’s expected of you this year.   The Corporate Transparency Act (CTA) was passed in December 2020 as part of the National Defense Authorization Act for Fiscal Year 2021, and came into effect in January of 2024. …

Why Should I Hire a Third Party to Act as My Registered Agent?

Having a third party act as your registered agent can help you manage your entities more efficiently and effectively. Here are some reasons why:   Legal Compliance Each state has its own laws regarding the requirements for a registered agent, and these laws can change over time. A third-party registered agent is typically familiar with these laws and can help …

Mistakes That Can Kill Your Nonprofit (and How to Avoid Them)

You’ve got an incredible idea to help people and you’ve registered your idea as a nonprofit with the US government. Congratulations. It’s time to get to work, but now is the time to prepare for the worst. Here are the 7 mistakes that nonprofits make that can kill them before the end of their first year in operation.   Here’s …

The CTA and Beneficial Owners

Do you own a business and you’re just now hearing about the Corporate Transparency Act and Beneficial Owner Reporting? No worries, you’re not alone.   Beneficial Owner Reporting Here’s a quick list of the information that you will have to provide to the US government under the Corporate Transparency Act (CTA) in 2024.   Legal name of the entity The …