Business succession planning and estate planning are often linked together, particularly in the case of closely held family businesses. In the case of a shareholder who wishes to pass along their shares of an S corporation as...more
6/11/2025
/ Beneficiaries ,
Business Plans ,
Business Succession ,
Closely Held Businesses ,
Estate Planning ,
Family Businesses ,
Filing Requirements ,
Grantor Trusts ,
Internal Revenue Code (IRC) ,
IRS ,
S-Corporation ,
Shareholders ,
Tax Planning ,
Taxation ,
Trusts
The nationwide injunction against enforcement of the Corporate Transparency Act (“CTA”) and its beneficial ownership information (“BOI”) reporting rule under 31 CFR 1010.380 (the “Rule”) has been stayed pending appeal, and...more
12/24/2024
/ Appeals ,
Beneficial Owner ,
Business Entities ,
Business Ownership ,
Corporate Transparency Act ,
Disclosure Requirements ,
Filing Deadlines ,
Filing Requirements ,
FinCEN ,
Injunctions ,
Preliminary Injunctions ,
Reporting Requirements ,
Smaller Reporting Companies ,
Stays ,
Time Extensions
Before forming any entity, founders need to make two fundamental decisions: which entity type is best for their business operations and which tax classification is best for the owners. Although the entity type and tax...more
6/12/2024
/ Business Entities ,
Business Formation ,
Business Operations ,
Business Ownership ,
Business Taxes ,
Classification ,
Corporate Entities ,
Corporate Taxes ,
Filing Requirements ,
Incorporation ,
Regulatory Requirements