Members of an LLC are subject to capital contributions and profit distributions based on terms they agree to in the Operating Agreement. Below we talk through several key issues for you to consider as you receive and distribute capital for your LLC. What is a capital contribution? A capital contribution is the cash or property […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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