If small business owners already didn’t have enough paperwork to deal with, they will have one more item on their compliance to-do list when the Corporate Transparency Act (CTA) takes effect next year. The CTA,[1] enacted as part of the Anti-Money Laundering Act of 2020 (AMLA), imposes new reporting requirements on many business entities in…
Starting a corporation or limited liability company (LLC) takes a lot of work. Before you serve your first customer or fulfill your first order, it is important to complete the initial business formation process. Although starting a business is a significant achievement, small business owners cannot coast on past accomplishments. You must look to the…
In a public corporation, shareholders can sell company stock at the current market price at any time. However, selling shares in a privately-held corporation is more complicated because the shares cannot be sold to the general public. Typically, shareholder agreements of a privately held business allow its shares to be sold only in certain situations.…
Product Liability, What is it? Product liability in the United States has a broad reach. It’s an area of the law designed to hold those that make, sell, or distribute products responsible for the safety of their product. If someone gets injured due to a company’s negligence, that person has legal rights. Mainly developed by…