Resources

US Government

Heads up, CPAs – The Corporate Transparency Act and Beneficial Owner Reporting are not going anywhere. We’ve put together a quick reference guide so you can knock it out of the park with your clients.   As a Certified Public Accountant (CPA), navigating the complexities of regulatory compliance, particularly when it comes to filing the newly instated Beneficial Owner Reports
March 29, 2024. 3 minute read
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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
March 18, 2024. 2 minute read
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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.
March 18, 2024. 3 minute read
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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
March 18, 2024. 2 minute read
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    Entity and corporate document protection for business owners, accountants, and financial planners like you.
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    Business Formation

    You’ve decided to form a Corporation in the US, but you’re not entirely sure which type is the best fit for you. Here’s a quick look at the types of corporations you can choose from, as well as the pros/cons of registering your business as one. Registering a new Corporation with the US government involves filing the necessary paperwork with
    April 22, 2024. 2 minute read
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    You have a small business and know that you need to make it “official” – Is a partnership the right for you?   Registering a new partnership with the US government involves filing the necessary paperwork with the state in which you want to form your partnership. Bear in mind that the specific requirements and fees for forming a partnership
    April 10, 2024. 2 minute read
    Read it now.
    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
    March 27, 2024. 5 minute read
    Read it now.
    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
    March 25, 2024. 2 minute read
    Read it now.
    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
    March 18, 2024. 2 minute read
    Read it now.
    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
    March 18, 2024. 2 minute read
    Read it now.
    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
    March 18, 2024. 2 minute read
    Read it now.
    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
    March 18, 2024. 2 minute read
    Read it now.
    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
    March 18, 2024. 4 minute read
    Read it now.
    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.
    March 18, 2024. 2 minute read
    Read it now.

      Small Business

      You’ve decided to form a Corporation in the US, but you’re not entirely sure which type is the best fit for you. Here’s a quick look at the types of corporations you can choose from, as well as the pros/cons of registering your business as one. Registering a new Corporation with the US government involves filing the necessary paperwork with
      April 22, 2024. 2 minute read
      Read it now.
      You have a small business and know that you need to make it “official” – Is a partnership the right for you?   Registering a new partnership with the US government involves filing the necessary paperwork with the state in which you want to form your partnership. Bear in mind that the specific requirements and fees for forming a partnership
      April 10, 2024. 2 minute read
      Read it now.
      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
      March 27, 2024. 5 minute read
      Read it now.
      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
      March 25, 2024. 2 minute read
      Read it now.
      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
      March 18, 2024. 2 minute read
      Read it now.
      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
      March 18, 2024. 2 minute read
      Read it now.
      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
      March 18, 2024. 2 minute read
      Read it now.
      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
      March 18, 2024. 2 minute read
      Read it now.
      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
      March 18, 2024. 4 minute read
      Read it now.
      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.
      March 18, 2024. 2 minute read
      Read it now.
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