A Startup Guide to Navigating the New Beneficial Ownership Information Reporting Requirements
For startup founders, the Corporate Transparency Act (CTA) brings about new federal reporting requirements. Effective January 1, 2024, this act primarily addresses money laundering and terrorism financing concerns, but its new reporting requirements on information...
California Privacy Rights Act (CPRA) Coming Into Effect January 2023
California Privacy Rights Act (CPRA) The CPRA, a ballot initiative that amends the California Consumer Privacy Act (CCPA) and includes additional privacy protections for consumers, passed in November 2020. The majority of the CPRA’s provisions will enter into force on...
How to Resolve Deadlock in 50/50 Founder Situations
You’ve set up your company, everything is great, and you and your business partner are ready to move forward as equal partners! But there’s one thing you may not be thinking of in this honeymoon stage of your business – deadlock. Deadlock is what happens when...
Typical Startup Structure
Startups often ask us how a typical startup is structured. While there are plenty of free and affordable resources for various forms, they don’t provide much guidance on what forms to use and why. In fact, there is no one-size-fits-all approach to structuring a...
S-Corp Basics
S-Corporations are not technically a distinct entity type. Rather, the term “S-Corp” refers to a type of tax treatment available to corporations and LLCs that meet certain requirements. When a corporation makes an S-Corp election, it will avoid double...