Legal
Your guide to legal topics including business, real estate, entity formations, and personal injury.
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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.
Texas Form 804 (Periodic Report for Limited Partnership)
The Texas Form 804 is a informational filing that must be submitted every few years by Texas Limited Partnerships registered within the state.
How to File Form BE-13 for Foreign Direct Investment Into the United States
When a U.S. company is formed or acquired and has foreign ownership, the entity must disclose the beneficial foreign owners to the U.S. Bureau of Economic Analysis (BEA).
PLLC or LLC – Which One do you Need?
Some states have special entity requirements for professional organizations. These companies cannot use a standard LLC, they must use the PLLC instead. This article and video discuss the differences between the two structures and which is appropriate for your business.
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.
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.
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.
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.
What is a Disregarded Entity?
A disregarded entity is a legal entity with one owner that is treated as a transparent entity for federal tax purposes.
Delaware Certificate of Incorporation – What Information is Required?
A corporation can be created in Delaware by filing a Certificate of Incorporation. The document must include several items which are discussed in this article.
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.
Does a Delaware LLC Pay California Franchise Taxes? It Depends…
A Delaware LLC may be liable for taxes in other jurisdictions depending upon its ownership structure and business activities. If a Delaware LLC is engaged in business within California, it may be liable for CA franchise tax.
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.
Top 5 Things to Consider When Picking a Personal Injury Lawyer
Being involved in a car accident can be a traumatic and life-changing experience. Choosing the right personal injury lawyer after your automobile accident is an important decision that can greatly impact the outcome of your case.