Posted on: March 7, 2024
Starting on January 1, 2024, under a new law called the Corporate Transparency Act (CTA), owners of certain business entities must file a report with the federal government, including details regarding the ownership of their entity. The CTA was enacted to help combat money laundering, financing of terrorism, tax fraud, and other illegal acts. Suppose […]
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Posted on: February 5, 2024
The impending Supreme Court decision in Connelly v. United States presents a pivotal moment for estate planning, particularly for business owners in Austin, Texas. This case centered around the valuation of life insurance in corporate redemption agreements for estate tax purposes, which could significantly alter the landscape of estate planning tools that have been long […]
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Posted on: December 6, 2023
All registered corporations are required by law to hold an annual meeting. Limited liability companies (LLCs), although not subject to the same statutory requirement, may hold regular annual meetings per their governing documents. What Is the Purpose of a Corporation’s Annual Meeting? In the United States, all corporations must hold an annual shareholder meeting because […]
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Posted on: December 4, 2023
Being self-employed is no easy task. You are the owner and, in some cases, the only employee. While you may have more freedom than the average worker, many responsibilities lie on your shoulders. Working together, we can craft a comprehensive estate plan that will help you address three critical concerns you may have. Protecting Your […]
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Posted on: November 28, 2023
Starting on January 1, 2024, under a new law called the Corporate Transparency Act (CTA), owners of certain business entities must file a report with the federal government including details regarding the ownership of their entity. The CTA was enacted to help combat money laundering, financing of terrorism, tax fraud, and other illegal acts. If […]
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Posted on: October 1, 2023
Platforms such as Airbnb and VRBO have disrupted an industry once dominated by hotels and resorts, allowing individuals to open their homes and residential properties to travelers. The boom in short-term rentals has created new opportunities for investors who want to buy income-generating property. Nightly, weekly, and monthly rentals appeal to business and leisure travelers. […]
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Posted on: January 5, 2023
You don’t have to be ultra-wealthy for a family limited partnership to make sense.
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Posted on: September 27, 2022
How Hiring employees increases your legal risks Scaling up necessarily requires help, but hiring can be risky. Companies have two choices when hiring a new worker: bring a new employee on board or hire an independent contractor. One of the main benefits of having employees is that you have much more control over the work […]
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Posted on: September 15, 2022
Handling S Corporation Interests in Estate Planning: Electing Small Business Trusts and Qualified Subchapter S Trusts One of the many challenges of owning a small business is determining the appropriate tax classification of the company. When an individual owns a business entity classified either entirely or partially as an S corporation, it is essential to […]
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