by admin | Nov 8, 2024 | Business, Contracts
A nondisclosure agreement ( commonly called an NDA) is a legally binding contract that prevents one or more parties from disclosing confidential information to third parties. NDAs are commonly used to protect sensitive information during business transactions,...
by admin | Nov 1, 2024 | BOI Reports
Failure to file a Beneficial Ownership Interest Report (aka “BOI Report”) with the Financial Crimes Enforcement Network (FinCEN) can result in significant penalties. These reports are required under the Corporate Transparency Act (CTA), which mandates that...
by admin | Aug 20, 2024 | Business, Contracts, Entity Formation, Uncategorized
Joint ventures are strategic partnerships between two or more businesses or entities that join forces to collaborate on a specific project or undertake a particular business activity. Joint ventures are typically formed to achieve mutual benefits that neither party...
by admin | Dec 15, 2023 | Business, Entity Formation
Primer on S-Corporation Basics, Ownership Restrictions, and Election Considerations An S-Corporation (S-Corp) is a specific type of corporation that elects a special tax status with the Internal Revenue Service (IRS) in the United States. It’s named after...
by admin | Jul 20, 2023 | Business, Entity Formation
The question of whether 50/50 ownership of a company creates issues largely depends on the specific circumstances and dynamics of the individuals involved. While a 50/50 ownership structure can have advantages, such as shared decision-making and equal control, it can...
