Comprehensive Tax & Legal Solutions
Congress enacted the Corporate Transparency Act (CTA) as part of the Anti-Money Laundering Act of 2020. Lawmakers designed this new law to serve as a significant step toward preventing money laundering, terrorist financing, and other illicit activities. What is the...
The passage of the Corporate Transparency Act (CTA) in 2021 is changing how businesses operate. The CTA creates new obligations for corporations, limited liability companies (LLCs) and limited liability partnerships (LLPs). Specifically, organizations will now need to...
There are countless opportunities to make major mistakes in the early stages of business development. People often assume that they can start a company without any professional support and then end up diminishing their protection or increasing their personal liability...
Contracts provide information about agreements between businesses and individuals. These documents should be detailed so they provide as much protection as possible. This doesn’t mean that you need it to be overly wordy or more complicated than necessary. Some...
The end of the year is busy for a lot of folks, but that’s especially true when you operate a small business. This is the time of the year when you need to think about the things you should be doing now so that you can ensure smooth sailing (and better profits) in...
The biggest question when selling a business is trying to determine its value. Whereas a selling a home will be about the property, amenities and other things that can be compared to other listings, valuating a business can be more complex, and there is more than one...
Small business owners have major tax filing deadlines on the horizon, which are March 15 or April 17 for many of them. If everything is going according to plan, they have now figured how to tackle the Tax Cuts and Jobs Act of 2017. Ideally, they paid the right amounts...
Everyone has their own strengths and weaknesses. While people may not like to think about their weaknesses, it can be important to do so. It can especially be so when starting a small business. An entrepreneur’s strengths and weaknesses can have major implications on...
The long slow demise of Sears has been painful for those who used to love to look through the famous catalogs. These days the department store chain is perhaps remembered as a brick and mortar precursor to Amazon and other online shopping sites. However, as buying...
You’ve come up with a great business idea and you’ve made the decision to make this idea into a startup. What you do next matters greatly. A great business idea alone is no guarantee that a startup will be successful. There are a variety of things that could cause a...