How to Form an LLC Taxed as an S Corporation

How to Form an LLC Taxed as an S Corporation

November 23, 2021 11:11 am by LawInc Staff

The phrase “LLCs taxed as an S corporation” is a frequent source of confusion. The reason is that LLCs (also known as Limited Liability Companies) are technically different entity types than...

Significant Penalties Appy under the Corporate Transparency Act

Corporate Transparency Act Penalties: $500/Day & Prison Time

November 10, 2021 03:11 pm by Zach Javdan

Since significant penalties are associated with willful noncompliance with the Corporate Transparency Act, it is important to comply if you have an existing corporation or LLC in the United States....

The Corporate Transparency Act Requires Corporations and LLCs to Disclose Beneficial Ownership Information

Corporate Transparency Act: Historic New Corporation & LLC Law

October 22, 2021 02:10 pm by Zach Javdan

In what is considered a historic legislative change, the Corporate Transparency Act (CTA) requires almost all new and existing corporations and LLCs to disclose ownership information directly to the U.S....