In the Dynamic Regulatory Landscape, Small Businesses Face a New Demand Under the Corporate Transparency Act. Starting January 1, 2024, All Businesses Must Now Submit a Beneficial Ownership Information Report to the Financial Crimes Enforcement Network, Known as FinCEN.
How To Navigate FinCEN’s Beneficial Ownership Information Report Requirements Read More »
This quiz was designed to test your knowledge about Limited Liability Companies (LLC). Are you ready to put your knowledge to the test?
LLC Quiz: Assess Your Grasp of Limited Liability Companies Read More »
This quiz was designed to test your knowledge of choosing the right entity for your small business. Are you ready to put your knowledge to the test?
One of the first things most new business owners do is register their entity with the Secretary of State. While this may seem like a logical first step there are several important questions that need to be addressed first that you will come upon once you begin the application process.
How to Properly Register a New Business Entity Read More »
Many businesses fail because the founder didn’t know what he didn’t know. As entrepreneurs, we always want to project that we have all the answers even when we do not. Moreover, admitting our ignorance to others makes us feel inferior which bruises our ego.
Will You Fail Because You Don’t Know What You Don’t Know? Read More »
There are a number of common mistakes many founders make that can destroy everything they worked so hard to achieve. Most occur when there is some business success. Some mistakes are made out of ignorance during the initial filing process with the Secretary of State and others are the result of failing to finish the process.
Critical Formation Errors that Will Destroy Your Business Read More »
There is a gross misunderstanding when it comes to the protection afforded to business owners of a Limited Liability Company (LLC). This video identifies who’s liability is protected and who is not.
VIDEO: Limits to Limited Liability Read More »
Most people associate registering their business with the Secretary of State as the proper way to secure their unique business name. While this reason is partially true, it is not the real reason a business needs to register their entity with the Secretary of State. In this short video, we discussed the real reasons why
VIDEO: The Real Reason for Registering an Entity Read More »
That got me thinking about the role licensing plays in business. A common belief is that state licensing is necessary to protect the public from bad actors. The reality could not be further from the truth. Can you imagine a group of people getting together and spending their time and money to create a petition
Is Licensing Really Necessary? Read More »
Many new business owners make several formation errors during and after the registration process that can come back and bite them later. 1, One common formation error is that the registering agent fails to include an entity identifier in the name, such as LLC or Inc. 2, Once registered, many LLCs fail to produce an operating
Seven Common Business Formation Errors Read More »
