Legal
Your guide to legal topics including business, real estate, entity formations, and personal injury.
Latest Articles
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).
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.
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.
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?
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.
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.
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.
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 vs Delaware Corporation – Annual Fees and Deadlines
Delaware entities must file annual reports and pay fees in order to keep the entity open and in good standing under state law.
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.
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.
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.
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.
How to Use LLC’s to Protect Personal Assets
Can you use an LLC to protect your personal assets? This article and video discuss those issues.
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.