The term “subsidiary” is used often in business, however, you might not know exactly what it means. Subsidiaries are an important part of the legal structure of nearly every large company. In this article, we discuss what subsidiary companies are, how they are used, and the best way to structure them. What Is a […]
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FinCEN provided the following deadlines by which companies need to comply with beneficial ownership reporting requirements: This law goes into effect on effective January 1, 2024. Companies incorporated or formed before January 1, 2024 will only have until January 1, 2025 to complete the FinCEN filing. Companies incorporated or formed on or after January […]
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The Twitter v. Musk Trial Timeline of Events: On April 26th, 2022, Elon Musk agreed to purchase Twitter, Inc. at $54.20 per share for a total price of $44 billion. On July 8th, 2022, Musk expressed his intent to back out of the deal over concerns about fake or spam accounts on Twitter’s platform. […]
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The United States Internal Revenue Service (IRS) utilizes several different types of identification numbers. You are probably most familiar with Social Security Numbers, which are issued to all US Citizens. You may be less familiar with Employer Identification Numbers and Individual Tax Identification Numbers. The IRS uses these different numbers to distinguish between individual […]
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Record-Keeping Requirements Series LLC statutes clearly outline the conditions for records of associated assets. The most important condition is that internal records keep the assets of each protected series separate from one another. Records must objectively describe an asset to distinguish it from those associated with other protected series, or the parent LLC. Records […]
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Before forming an LLC, it is important to understand how it will be structured and managed. LLCs offer business owners complete flexibility to create unique management structures. This includes choosing officer titles, delegating management responsibilities, and structuring ownership interest. Here we breakdown common management and ownership structures for LLCs, including who the LLC Members […]
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