Corporate Transparency Act Ruled Unconstitutional
The new law known as the Corporate Transparency Act, which required LLCs and corporations to register its ownership and management with the federal government has been ruled unconstitutional by a federal Judge in Alabama in National Small Business United v Yellen. A small business owner in Alabama named Isaac Winkles and the National Small Business […]
DISSOLUTION OF LLCs TO AVOID FINCEN BOI REPORT AND ASSET PROTECTION CONSIDERATION
The new federal BOI reporting requirement has prompted an increase in dissolutions as business owners and investors are cleaning out entities they no longer use so that they will not have to complete the new BOI filing on these entities starting in 2024. The end of the year is an excellent time to consider whether […]
Seller Financed Deals and Installment Sales
Seller financed deals can be a win-win strategy for buyers and seller of real estate or businesses. Seller financing means the seller of the asset, whether a business or property, agrees to take payments over time for the purchase price and as a result the seller is financing the sale of the asset to the […]