On January 1, 2024, the requirements of the Corporate Transparency Act (“CTA”) took effect. Under the CTA, many small and mid-sized businesses are required to file reports disclosing information about their business and its ownership, called “Beneficial Ownership...
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While not all corporations have shareholders’ agreements, there are compelling reasons why they should. Shareholders’ agreements are a critical and often overlooked component of corporate governance. These legally binding documents outline the rights, responsibilities, and obligations of shareholders in a corporation.
When starting a Limited Liability Company (LLC), it’s essential to dot all the i’s and cross all the t’s to ensure the smooth functioning and protection of your business. One crucial document that often proves to be the bedrock of an LLC’s structure and operations is the operating agreement. In this blog, we’ll delve into what an operating agreement is and why it’s vital for an LLC to have one.
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