Legal
Your guide to legal topics including business, real estate, entity formations, and personal injury.
Latest Articles
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.
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?
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.
BOI Report Updates for FinCEN – What Information Needs Updating
The FinCEN BOI report is a new filing required under the Corporate Transparency Act (CTA). This article and video discuss what's required for an updated BOI report.
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.
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 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?
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.
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 Use LLC’s to Protect Personal Assets
Can you use an LLC to protect your personal assets? This article and video discuss those issues.
Anonymous LLC – Why is Delaware the Popular Choice?
Delaware is one of the most popular jurisdictions in the world to open a company. This article covers some of those popular attributes.
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.
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.
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.
