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Welcome to our blog and news page. You will find articles, informational notices, and a video here. Still looking for some help? Contact us and tell us what you need!

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New Entrepreneur Checklist When Forming a New Business

New Entrepreneur Checklist When Forming a New Business

Starting a new business is exciting as you pursue your passions and establish a company that supports your dreams. However, it can be overwhelming to navigate the legal and administrative tasks necessary to ensure proper formation and protection.  We have created a simple checklist to walk you through the basic steps of making your business official. While this is not a substitute for legal or tax advice, we hope this mini-guide will help you understand what needs to happen and provide some education so you can best discuss with your professional advisors. Choosing The Right Business...

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LLC vs PLLC: A Side-by-Side Comparison

LLC vs PLLC: A Side-by-Side Comparison

Deciding between forming an LLC (Limited Liability Company) or a PLLC (Professional Limited Liability Company) is more than just a simple choice. It determines ownership options, liability protections, and the rules you need to follow. Let’s review the differences between LLCs and PLLCs so you can select the best structure for your business. What is an LLC? An LLC is a hybrid business structure that combines key features of corporations, partnerships, and sole proprietorships. An LLC offers the limited liability protection of a corporation, shielding the owner’s personal assets from business...

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How a well-organized corporate kit can protect your business

How a well-organized corporate kit can protect your business

A well-organized corporate kit is much more than just a binder. It is a secure repository for your business.  When your formation documents, minutes, resolutions, stock records, and ownership information are easy to find and up to date, you are better prepared for audits, lawsuits, and financial transactions. Keeping your corporate kit and its contents current and in order can simplify legal and accounting responsibilities and perhaps lower the chance of costly disputes. What is a corporate kit? A corporate kit is a physical or digital binder to house your entity’s records. The binder fits...

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How to Correct Involuntary Dissolution & Prevention Strategies

How to Correct Involuntary Dissolution & Prevention Strategies

Involuntary dissolution occurs when corporations fail to meet mandatory annual compliance requirements necessary to maintain good standing with state filing offices. These requirements typically include filing annual reports, paying franchise taxes, and maintaining a registered agent. Failure to fulfill these obligations triggers administrative penalties that might escalate to formal dissolution. This action effectively terminates the corporation's legal existence and exposes stakeholders to significant liability risks. Understanding these compliance requirements is the first critical step...

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What You Need to Know When Dissolving Your Business

Dissolving a business is a complex and somewhat daunting process, whether it's due to financial struggles, strategic decisions, personal circumstances, or simply pursuing new opportunities. The process of business dissolution requires careful planning and execution and varies by state and type of entity. From obtaining shareholder approval to filing articles of dissolution and settling debts, each step must be executed meticulously to ensure a smooth transition and protect against future liabilities. In this blog, we will explore some of the essential steps and considerations to ensure that...

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THE BASICS OF A CORPORATE NAME RESERVATION

THE BASICS OF CORPORATE NAME RESERVATIONS

Becoming an entrepreneur is an exciting and momentous time in someone’s career, but producing a name that suits your business can be extremely challenging. After conjuring up a few name ideas and doing a quick search with the Secretary of State for availability, is the race on to get your business formed so nobody else steals the name you worked so hard to decide on? This is where a name reservation comes in. It buys you time to organize your business affairs and branding while saving the business name of your choice! WHAT IS THE DIFFERENCE BETWEEN NAME AVAILABILITY AND NAME RESERVATION?...

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