Legal
Your guide to legal topics including business, real estate, entity formations, and personal injury.
Latest Articles
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.
What State Should I Open my LLC?
Every state in the U.S. offers new companies to open a limited liability company (LLC). So, where should you launch your LLC?
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.
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.
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).
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.
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.
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?
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.
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.
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?
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.
Why You Should Avoid the Florida LLC
The Florida LLC is a popular entity choice for many investors and new business owners. However, it may not be the best choice for you. This article discusses some of those reasons.
Do I Need an ITIN to Open a US Company?
Many non-U.S. persons open U.S. entities to operate their business. There are generally no restrictions on who can open a U.S. entity, and nonresidents generally do not need an ITIN in order to do so.