Category: Business Law

Forming an S Corporation

Forming an S Corporation

Forming an S corporation can provide significant tax advantages by allowing income to be taxed only at the individual level. However, it is important to ensure that all the specific requirements are met and that the necessary filings are made with the Department of Revenue to maintain the S corporation status.

read more
Corporate Transparency Act Halted

Corporate Transparency Act Halted

A Texas federal judge has issued a nationwide injunction halting the enforcement of the Corporate Transparency Act (CTA), which was set to require businesses to disclose their beneficial owners to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). The December 3, 2024 ruling prohibits the CTA’s application nationwide, asserting that the law is likely unconstitutional.

read more