Business Formation Archives

Winter is Coming in 2024: The Corporate Transparency Act

Alexander D. Lee
Business Formation

The Corporate Transparency Act (CTA) was enacted by Congress in January 2021 to address the issue of anonymous shell companies being used to facilitate illicit activities such as money laundering, terrorism…

Piercing the Corporate Veil in California

Alexander D. Lee
Business Formation

Setting up a limited liability company (LLC) or a corporation in California can offer several benefits for business owners. One of the primary benefits of forming an LLC or corporation is limited liability…

Starting a New Company – Doing It Right – A Corporation

Glenn Terrones
Business Formation

1. ENTITY BASICS: A Corporation is a legal entity that that is established to do business. A corporation is established so that the corporation is an entity that has a legal existence separate from its…

Starting a New Company – Doing It Right – An L.L.C.

Glenn Terrones
Business Formation

1. ENTITY BASICS 1.0 Entity Status. Limited Liability Companies are legal entities. An entity is established so that the entity has a legal existence separate from its ownership (“members”). If a…