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 Reading“Helen” needed someone to handle her bookkeeping and billing. It only took 1 or 2 days per week, but she didn’t have the time. What she did have was an actor friend who would do…
Read MoreI’m often asked, “Why can’t I just incorporate in Delaware?” Well, for many small businesses, it doesn’t make legal or financial sense to incorporate in Delaware if all of your business activities are going to…
Read MoreEntrepreneurs approach the business planning stage differently. Some need to cross every “T” and dot every “I” — not a bad approach if you’re seeking financing from sources outside yourself. Others find are a little…
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