by Evan Ferini | Dec 1, 2024 | Business
When it comes to obtaining and maintaining tax-exempt status under the Internal Revenue Code (“IRC”) 501(c)(3), organizations face a complex set of rules. One of the most critical yet often misunderstood requirements is the prohibition against serving “private...
by Evan Ferini | Jun 1, 2024 | Business
To prevent illicit actors from using shell companies to facilitate illicit activities such as money laundering, financing terrorism, human and drug trafficking, and securities fraud, the U.S. Congress imposed new requirements under the Corporate Transparency Act...
by Evan Ferini | Dec 1, 2022 | Business
The most fundamental benefit of limited liability entities is that their owners are rarely held liable for the entity’s actions. In other words, owners of limited liability entities are not personally liable for their company’s debts and obligations. The most common...