Legal
Your guide to legal topics including business, real estate, entity formations, and personal injury.
Latest Articles
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.
Open an LLC with US and Non-US Owners
A U.S. limited liability company (LLC) generally has no restrictions on who can be an LLC member. Many LLCs are structured with both U.S. and non-U.S. ownership.
Single Shareholder Corporations – Do You Need a Separate Board of Directors?
Many corporations are formed with only one owner who effectively runs the entire operations. Does a single shareholder corporation need a board of directors with more than one person?
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.
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.
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.
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.
What is a Series LLC
A Series LLC can be a great way to save on administrative costs and filing fees and protect investment assets and members' capital. In this post we discuss the pros and cons of using a Series LLC for your business or investment operations.
Anonymous LLC – What is the Point if the IRS has My Data?
Many states and jurisdictions will advertise their LLCs as providing the business owners with complete anonymity. But is that really the case?
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.
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.
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.
Delaware LLC Annual Reports – What Information is Required?
Every Delaware LLC needs to file an annual report with the State of Delaware. The LLC annual report requires some basic information to be confirmed each year.
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.
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.