limited liability company

THE ANNUAL REPORT! DOES IT HAVE TO BE FILED?

If you own an entity, specifically a corporation or a limited liability company, do you need to be concerned with filing annual reports in the state of the entity’s formation? And what are annual reports, anyway? Annual reports are brief documents (usually 1-4 pages) that provide annual, or in some states, biennial, updates about the …

SELLING YOUR BUSINESS — ARE ALL THE MINUTES UP TO DATE?

This is a serious question and the answer is very serious. It is most important when considering corporations due to historical traditions of Internal Revenue Service audits and potential litigation, although we do see inquiries for minutes of limited liability companies from time to time particularly involving significant transactions. Are you (and perhaps your spouse) …