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.
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.
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.
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.
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.
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.
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.
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.
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.
LLC vs Trust – What are the Differences?
A limited liability company (LLC) is a legal entity while a trust is a contractual arrangement. This article and video go over the key differences and similarities between the two options.
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.
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.
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.
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.
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.