Incorporate

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 […]

What Fees Are Required with an LLC? Every LLC registered in the State of Delaware must pay a flat tax of $400 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 […]

Becoming an LLC is an easy and inexpensive way to protect yourself from personal liability for business obligations. It’s definitely worth considering if you have your own business—even if that business is you.

The best type of company for a small business is generally an LLC. Members own an LLC and either third-party managers or the members themselves manage it. It is a very flexible form of business, which accounts for why almost 75% of new businesses are LLCs today. The LLC Operating Agreement is the governing document […]

This is also why it may feel hard to find a straight answer anywhere. But, fortunately for you, this means that you’re on the same level as your friend with a law degree—no need to attend law school. You the entrepreneur, and your friend the lawyer, are probably both starting at square one. (This is […]

Can You Form a Delaware LLC If You Don’t Live in the U.S.? You do not need to be a US Citizen to be a member of a Delaware LLC. A Delaware LLC can be owned entirely by foreigners outside the United States. Alternatively, the Delaware LLC can be owned by a foreign corporation or […]