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...

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...

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 (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,...

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...

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:...

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...

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...

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...

S corporations have certain tax advantages that you might consider for your small business. An S corporation is a regular corporation that has opted for the IRS Small Business Election to have all income or loss passed down to the personal tax returns of its...