Corporations and limited liability companies exist separately and distinctly from those who operate them. However, they may be liable for the acts of those who operate them---even when the connection seems somewhat remote. Consider the following... When the dog bites... In...
Until this year, federal law did not require most small businesses to report information about the ownership and control of their companies. A new law has changed all that. Consider the following... The new law... On January 1, the National Defense...
Corporate Transparency Act On January 1, 2021, Congress enacted the federal Corporate Transparency Act ("CTA"). In general, the CTA requires existing and new corporate entities, including limited liability companies ("LLCs"), to submit to the United States Department of Treasury...
Nature of Professional Practices… Personal services that require a license are commonly referred to as “professional services.” The types of personal services that are deemed to be “professional services” include, for example, those rendered by attorneys, certified public accountants, architects,...
Compared to corporation shareholders, members (i.e., “owners”) of limited liability companies (“LLCs”) are entitled to extensive information about their company. Consider the following... By comparison… In a prior e-newsletter, I discussed shareholder rights to information about their company. In short, New...