A trust may be used in place of a traditional type of organizational structure, such as a limited liability company (LLC) or corporation. Business trusts offer some advantages that may be beneficial to business owners, especially for businesses that own real estate.
Read MoreA new disclosure rule is in place for businesses and non-compliance could result in penalties. Companies are required to submit a Beneficial Ownership Information (BOI) report. The rule was effective as of January 1, 2014, yet many businesses are not aware of it and therefore, are not yet compliant.
Read MoreIf a business has liabilities they do not go away, even if the business is sold. As the buyer of an established business, you will need to be aware of any debts, including potential lawsuits, that the new owner might be responsible for later.
Read MoreMost jurisdictions require some type of license based on the type of business you have. A business license is a document that ensures you meet the requirements for operation. If you operate without the proper licensing, you could be fined or forced to close your business
Read MoreIf your company’s data was hacked and personal information breached, you are required to disclose it pursuant to the law.
Read MoreStarting a new business? There are some essential legal considerations that will impact your business now and in the future.
Read MoreA succession plan provides for how the business will transition from one family member to another and is part of a good governance structure.
Read MoreIn Wisconsin, all employers with 15 or more employees are required by law to comply with ADA laws.
Read MoreWhen you start a business, you will want to minimize your exposure so that you do not become personally liable for debts or payments that should be paid for by the company.
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