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Corporate Transparency Act (CTA)
If you own a business, or plan on registering one in the future, YOU WILL WANT TO READ THIS… Some significant changes are coming for entities formed or registered to do business in the United States. Congress has passed the Corporate Transparency Act (CTA). The act requires business entities to report their Beneficial Ownership Information …
If you are planning on forming a new company or have just formed one you will most likely need an Employer Identification Number (EIN).
What kind of company would you like to start?
The “standard” type of corporation. Can have an unlimited number of owners who are provided with limited liability protection. Popular form of entity for companies looking for funding from venture capitalists.
S-Corporations are C-Corporations that have elected S-Corp Status with Federal and State tax agencies. Provides flow-through taxation to the shareholders but limits the number of shareholders.
The Limited Liability Company is a newer form of business entity that offers limited liability protection. Can be taxed as a Partnership, Corporation or have flow-through taxation to the members.