Business Law

UPDATE: BOI Reports A new update has come out on the status of the Corporate Transparency Act (CTA). Context on the previous status of the CTA and details on what a Beneficial Ownership Information (BOI) report is can be found here. Due to a decision on the U.S. District Court case Smith v. U.S. Department […]

The primary reason that my clients form an entity is for asset protection. The proper entity choice prevents business creditors from getting to your personal assets.  This protection is commonly referred to as the “corporate veil.” In some instances, a court can “pierce” this veil and the assets of the owner could be subject to […]