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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

Delaware company meeting with notebook and pen

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

two people signing LLC Operating Agreement

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, […]

What’s the Cheapest Way to Form an LLC?

By IncNow December 18, 2020

What Fees Are Required with an LLC? Every LLC registered in the State of Delaware must pay a flat tax of $300 each year. Delaware assesses this tax regardless of business activity or non-activity. This “tax” is really more of a fee for the privilege of having a Delaware LLC and being able to access […]

South Dakota Enacts Series LLC Legislation: What You Need to Know

By IncNow October 14, 2020

When Will South Dakota Form Series LLCs? The state legislature introduced South Dakota’s House Bill 1179 on January 30, 2020, containing authorization for Series LLCs. South Dakota’s Governor signed it into law on March 23rd. This amended §47-34A-101 et seq., of the South Dakota Uniform Limited Liability Company Act. Under the act, South Dakota will […]