March 31, 2021
Many entrepreneurs have law questions about company ownership and board meetings. Some of the responsibilities of company ownership include holding board meetings, generating company financial reports, obtaining an employer tax ID and, sometimes, undergoing a business name change. Want to know more about company ownership and board meetings? From my Ask Entrepreneur column, here are law questions about company ownership and board meetings that other entrepreneurs have had—and maybe you do, too! How to change company ownership for a single-member LLC? What company financial reports does an LLC need? Can you create board minutes years later? Can I use my personal cash account for business? Should a non-profit take and keep detailed minutes of board meetings? When do I need a new employer tax ID for an LLC? What are proper options for company ownership titles? When’s the right time for a business name change? Do I need a new employer tax ID for a new line of services? What other law questions do you have about company ownership and board meetings? Like what…
Continue ReadingPicture this: You’re sitting at your favorite watering hole with a gal pal (or guy friend) and are totally charged because you came up with an a-m-a-z-i-n-g new idea for a product. So amazing you…
Read MoreQ.: We are setting up key man insurance policies, and one of the spouses asked whether the business could pay for the family’s term life insurance policy as a benefit from the business. Can a…
Read MoreMany people have started a business partnership (or limited liability company) with at least one other person. According to the IRS, that’s at least 14 million people. And that doesn’t include those who have started…
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