A Company Agreement is the key governing document for a limited liability company (LLC), providing the framework from which it operates. Starting a new business? Here’s a quick overview of why it’s so important for you and 8 things to include. Company Agreements are very similar to bylaws for corporations or partnership agreements for limited partnerships. According to the …
You may have heard about the new legislation that requires all business owners to file their unique Beneficial Owner information with the U.S. Government. Are you prepared to file? Beneficial Owners A beneficial owner is an individual who ultimately owns or controls a significant portion of a company’s equity or exercises substantial influence over its operations. This person may …
As a seasoned business owner, shareholder agreements are incredibly important in protecting your businesses and your shareholders. Here’s why they should be essential to your business structure. Shareholder Agreements A shareholder agreement is a legal contract between the shareholders of a company that outlines their rights and responsibilities, as well as the rules for the management and operation of …
Own some real estate in the state of Texas? You might want to consider registering your holding as an entity. Here’s how. Some land and property owners choose to register their real estate as a formal entity in the state of Texas as a Limited Liability Company (LLC) or a Corporation to hold and manage the properties. Here’s how …
You want to start a business in the US, but you’re unsure of where to start. Get a lawyer. Here’s why. Obtaining legal counsel when forming an entity in the United States is highly recommended due to several important reasons: Legal Expertise and Guidance Attorneys specializing in business formation have in-depth knowledge of federal, state, and local laws that …
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 …
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 …
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 …
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. …
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. …