Legal
Your guide to legal topics including business, real estate, entity formations, and personal injury.
Latest Articles
How to File BOI Report with FinCEN – Sample Filing for an S Corporation
The beneficial ownership information (BOI) report is filed by U.S. entities with FinCEN to report information on the entity's beneficial owners. This sample filing covers an S corporation.
LLC vs Trust – What are the Differences?
A limited liability company (LLC) is a legal entity while a trust is a contractual arrangement. This article and video go over the key differences and similarities between the two options.
My Company Was Dissolved – What Did I Do Wrong?
Sometimes a business owner will miss a filing deadline and their company is dissolved. In this article we discuss the details and how to resolve the issue.
Delaware LLC Non-US Ownership – What Filings are Required?
Virtually anyone can open a Delaware LLC. When a Delaware LLC is opened by a non-U.S. person, their filing obligations are slightly different from U.S. owners.
Conversion of an LLC to a Partnership
A limited liability company (LLC) is an entity formed under state statute. An LLC with one owner is a disregarded entity. By adding new members, the LLC becomes a multi-member LLC taxable as a partnership.
How to File BOI Report – Example for Single Member LLC
The beneficial ownership information (BOI) report is filed by U.S. entities with FinCEN to report information on its beneficial owners. This sample filing covers a single member LLC formed in 2024 with a non-U.S. owner.
Fiduciary Duties for Board Members of a Delaware Corporation
Board members of a Delaware corporation have many fiduciary duties owed to the corporation and its shareholders. This article outlines those various duties.
Domestic vs. Foreign LLC Classification
Choosing where to open your LLC is an important question. Most companies open their LLC in the state where they plan to operate their business; however, it may be best to open your LLC elsewhere.
Delaware LLC Certificate of Formation – What Information is Required?
An LLC can be created in Delaware by filing a Certificate of Formation. The document must include several items which are discussed in this article.
US Statutory Foundations in Wyoming and New Hampshire
The statutory foundation is a new entity type available in some jurisdictions. The foundation is popular in many non-U.S. jurisdictions, and is now available in Wyoming and New Mexico.
Does a Single Member LLC Need an EIN?
In general, every entity in the U.S. should obtain an employer identification number (EIN). A single member LLC is a disregarded entity, so it may not require an EIN. Here are the details.
Can I Be My Own Registered Agent
A registered agent (RA) is the person or entity physically located within the state of registration who is ultimately responsible for accepting service of process, notices, demands, and other governmental communications on behalf of your LLC or corporation.
Two-Tiered LLC Structure for a Florida LLC
Florida is a popular jurisdiction for new businesses and entity formations. However, it might not have the best asset protection or privacy laws. Learn more about the two-tiered entity structure in this article and video tutorial.
Personal Injury Contingency Fees – Gross v. Net Methods
When hiring a personal injury attorney, it's common for the attorney to work on a contingency fee basis. A contingency fee means you don't have to pay the attorney any legal fees unless you win your case or secure a settlement with the defendant or his insurance company.
The Average Person Will Have 3 to 4 Car Accidents in Their Lifetime
Motor vehicle accidents are an unfortunate part of driving on public roads. Whether the accident is a minor fender bender with little damage or injury to the passenger or a more serious car accident, the odds are that you will be involved in a car accident at some point during your lifetime.
