Tag: LLC
New CTA reporting requirements affecting millions coming January 1, 2024
As we shared in June, the new federal Corporate Transparency Act (CTA), intended to help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and other illicit activity, takes effect on January 1, 2024. This new Act will affect most...
Corporate Transparency Act reporting requirements coming in 2024
A new law intended to help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and other illicit activity will affect millions of American businesses when it goes into effect on January 1, 2024. Broadly speaking, new regulations created...
Decide which corporate entity or legal structure is most advantageous to your business with Shindelrock’s Corporate Entity Choice Analysis
Deciding which corporate entity or legal structure is most advantageous to your business can be complicated. Is an LLC the right type of legal structure, or might an S-Corp. give your business improved tax advantages? Does one type limit or...
Guest Author Steven Enwright: Choosing the right corporate structure for your business
Selecting a type of business entity is often the first step in the business establishment process. The choice is often dictated by the short and long term goals of the owners and the eventual operation plan for the business. The...
How to start a Michigan LLC
Many entrepreneurs in Michigan wonder "How can I legally form my new Michigan business?" We talked about how to choose if you should form an LLC or a Corporation in a previous post, and it's critical you talk to someone like...
Choice of entity considerations: LLC or Corporation?
Are you deciding whether to form your company as an LLC or a corporation? Here are some key considerations to guide your choice: Liability Protection: LLCs might offer stronger protection than corporations. Although courts generally apply similar standards for both...