The Financial Crimes Enforcement Network (FinCEN), via its release of its plan to implement the beneficial ownership information reporting provisions of the Corporate Transparency Act (the CTA), has added another item to many business owners’ to-do lists. Fortunately, these added responsibilities are not as daunting as they may sound, as the required information is quite…

Limited liability entities, such as corporations and LLCs, foster entrepreneurship and innovation because, without the protections entities afford, few people would take the risk to start their own businesses. While the initial registration of a corporation or LLC is straightforward enough – usually consisting of filing articles of incorporation or organization (often as a standardized…

Your business is growing and you’re ready to take the next step in your growth story: your first hire. Maybe you’ve heard using independent contractors is the best way to go—no payroll taxes and no pesky timekeeping for meal and rest breaks, sick leave, or vacation.  But odds are, you’ve also heard something about the…

Why forming in the First State shouldn’t always be your first choice. The second smallest state in the Union sure has an oversized role when it comes to corporate governance. Legal entities actually outnumber Delaware residents in most years, and around two-thirds of the Fortune 500 companies are headquartered in the state. As the owner…