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Should I Set Up an LLC Holding Company?

By IncNow May 7, 2021

How you can protect your businesses from the liabilities of your other businesses Does a D.B.A. offer you any legal protection? Are there alternatives to setting up a separate LLC for each business or property? If you have multiple LLCs, it’s only natural to wonder if you should set up an LLC holding company. In order to determine […]

How Do I Open a Bank Account for a Delaware Company?

By IncNow April 26, 2021

We often get questions from entrepreneurs about how to open a bank account for a Delaware company. Each bank in the United States has its own requirements, so you must check with your bank. However, we have compiled guidelines that serve as a floor to what banks must follow. Often a particular bank will ask […]

IncNow’s Interns Train Together for Half-Ironman Competition During Pandemic

By IncNow February 25, 2021

The St. George Ironman Course The St. George 70.3 course is revered as one of the most difficult courses in the Ironman circuit due to its atypical elevation profile. While most Ironman events take place on flat courses, St. George participants must power through over 3,000 feet of elevation gain over the course of the […]

Why the Corporate Transparency Act Is Really a ‘Mom and Pop Lock ‘Em Up’ Act

By IncNow February 4, 2021

Congress did just that in passing the 2020 National Defense Authorization Act, when it overrode Trump’s veto on January 1, 2021. This included provisions commonly known as the Corporate Transparency Act. It is the United States’ first law to require beneficial ownership disclosure requirements for LLCs and Corporations. Unfortunately, this special interest legislation by the […]

11 Common Mistakes People Make After Forming a Delaware LLC

By IncNow February 2, 2021

Forming a Delaware LLC is an exciting time for your company, but it’s important to operate your company the right way afterward. Unfortunately, mistakes are sometimes made. These are some of the biggest issues we see—and how to remedy them. Mistake No. 1: The Operating Agreement is returned to the formation agent. Some business owners […]

Does My LLC Need an EIN?

By IncNow December 21, 2020

Why your business should have an EIN, even if it’s an LLC. Is the information you submit to the IRS about your business accessible to the public? Confused by some of the questions on the SS-4 form? We provide you guidance. If you have an LLC, you might wonder whether you need an EIN. An EIN, […]