Entity management is a big part of the job for any corporate legal department. The more documents your business builds up, the more complex and essential entity management becomes. That’s why proper entity management is so important. It’s also why so many businesses feel a sense of anxiety when it comes to outsourcing. On one […]
Entity management is considered a discipline and will require the right tools to be successful. Here are a few entity management tips to help.
Over the past few years, the legal industry has experienced a surge in the number of solo and small law firm sales. Why? Because an increasing number of attorneys are realizing that once they reach retirement age or seek to exit the profession, selling their law practice is a more lucrative decision than the typical […]
If you hate paying corporate income taxes and then paying personal income taxes on business profits, now may be the right time for you to form an S-Corp. However, there are consequences, such as IRS scrutiny, that you must consider carefully before you make the decision. To help you decide, here are two signs now […]
Has your client approached you for advice on forming a new business entity? Perhaps you are familiar with the nature of the business’s management but lost in matters regarding entity formation. Creating a new business has several procedures beyond having a perfect idea. In this article, we discuss 3 tips you can use when forming […]
Moving into new markets presents a risk for all businesses. While you cannot avoid all risks, you can mitigate them with the right approaches that ensure compliance. The following are some of the strategies you can utilize to ensure compliance during entity expansion. 1. Know The Accounting Standards All markets have rules that govern accountancy. […]
Wherever your clients’ businesses are registered, they have a requirement to file reports with their secretary of state to verify information about their company. Even though the reports themselves are not very complicated, the toughest part for your clients tends to be remembering to file them on time. And when your clients’ miss their deadlines…