We are over halfway through 2024 and are rapidly approaching the January 1, 2025 deadline for companies to submit their Beneficial Ownership Information (BOI) reports mandated by the Corporate Transparency Act (CTA)....more
Starting January 1, 2024, corporations, limited liability companies and other forms of entities created by filings with their states must file information with the Department of Treasury’s Financial Crime Enforcement Network...more
Under the new Corporate Transparency Act, starting January 1, 2024, corporations, limited liability companies, and other forms of entities created by filings with their state filing office are required to file information...more
As of January 1, 2024 (the effective date), entities formed through a filing with their Secretary of State or a similar office must file reports with the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN)...more
In this technological age, personal information has become vital to how we conduct business. With the threats of data breaches and leaks looming every day, the protection and security of personal information are now on our...more
The successful transition of a business’ management and ownership requires forethought. Too often, in the press of day-to-day activities, business owners lose sight of the big picture and how the business will continue...more
Many new businesses chose to establish limited liability companies (LLC) because of the protection from individual liability, the benefit of pass-through taxation, and the form’s inherent flexibility. Certain types of...more
On June 5, 2020, the Paycheck Protection Program Flexibility Act (PPP Flexibility Act) became law. The PPP Flexibility Act includes significant changes for small businesses across the nation that received funding from the...more
Last Friday, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. The CARES Act is broad-ranging, with multiple provisions and potential economic relief possibilities, including loans for...more
On January 1, 2018, the rules and procedures relating to IRS audits of partnerships, including those limited liability companies taxed as partnerships, (for purposes here, collectively, the “Partnerships”) will change. The...more
Have you ever been in a situation where your subcontractor or fabricator did not have the financial ability to purchase material needed for a project? Have you ever offered your assistance by way of either directly purchasing...more