 Nancy J. Wolf, MBA Managing Member |
 Vincent J. Creo Managing Member |
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Naming your business is a crucial step that can significantly impact its success. Here are some tips for choosing a memorable and effective business name:
Clarity and Simplicity: Choose a name that is easy to spell, pronounce, and remember. Avoid complicated spellings or obscure words that may confuse potential customers. Relevance: Ensure that your business name reflects what you do or the products/services you offer....
Why do U.S. banks require a person to appear in person to open a bank account?
The USA Patriot Act requires bankers to meet face-to-face with people applying to open a bank account. This “Know Your Customer” policy is currently prevalent at most - if not all - banks. Identity Verification: In-person visits allow banks to verify the identity of...
How to Convert a Non-U.S. Entity to a Delaware LLC or Corporation
Converting a non-U.S. entity to a Delaware LLC or corporation involves several steps and legal considerations. It is essential to consult with a commercial registered agent to ensure compliance with the relevant laws. Here is a general guide: Legal Consultation: Seek...
Why are Delaware entities recognized worldwide?
Delaware entities, such as limited liability companies (LLCs) and Corporations are widely recognized and popular for several reasons: Business-Friendly Laws: Delaware has a long history of having business-friendly laws and a well-established legal framework for...
The Corporate Transparency Act
The Corporate Transparency Act (CTA) was a piece of legislation enacted in the United States as part of the National Defense Authorization Act for Fiscal Year 2021. The primary purpose of the Corporate Transparency Act is to address issues related to money laundering,...
Why do I need a registered agent in Delaware to form an entity
Choosing a registered agent in Delaware when forming an entity, such as a corporation or LLC, is a requirement imposed by the state's regulations. The registered agent plays a crucial role in the legal and administrative aspects of your business. Here are some reasons...
What should an LLC be used for
A Limited Liability Company (LLC) is a popular business structure that provides a flexible and advantageous framework for various types of businesses. Here are some common uses and advantages of forming an LLC: Limited Liability Protection: Personal Asset Protection:...
Should independent contractors become an LLC
Whether an independent contractor should become an LLC (Limited Liability Company) depends on various factors, and it's essential to consider both the advantages and disadvantages. Here are some factors to consider: Advantages of forming an LLC: Limited Liability: One...
What is the difference between an LLC and a S Corporation
Both Limited Liability Companies (LLCs) and S Corporations are popular business structures in the United States, each with its own set of advantages and disadvantages. Here are some key differences between an LLC and an S Corporation: Taxation: LLC: By default, an LLC...
The Dangers of a General Partnership
When two or more people agree to share profits and losses, a partnership has been formed. The business may have as many partners as agreed upon, with nothing more than a handshake or an oral agreement. In fact, state law provides that under such circumstances you have...