Piercing the veil means the court disregards the limited liability protection and the person suing the company can go after the owners personally.
One of the biggest strengths of the corporate form is its provision of limited personal liability to owners.
Today, many businesses are forming as a Limited Liability Company (LLC) and are finding that an LLC offers the “best of both worlds” of corporate forms.
If you are the director or a corporate officer of a corporation in the process of dissolution you might want to evaluate whether you will be personally held liable. If corporate formalities are not followed and the corporation proceeds with distributions to the shareholders before satisfying outstanding corporate debts, the directors might be held personally liable.
Generally, independent contractors, also known as 1099 workers, are considered self-employed and a sole-proprietorship. As such you will be required to pay self-employment taxes. As an independent contractor, you can be sued for your actions or inactions in performing your work.
Important dates to keep in mind for this tax season! Deadline Type: Partnership (Form 1065) and S-Corporations (Form 1120S) – March
If you’re the proud owner of an LLC, Corporation, or anything under those categories then you’ll want to look at
If you’re a business owner, you’re probably under some sort of tax category when you first registered your business. Well,
Una Corporación de Beneficios o un “B-Corp.” es una empresa privada que crea un beneficio público al permitir que las empresas sean rentables mientras consideran el bienestar de la sociedad y el medio ambiente. Las corporaciones de beneficios exigen que las empresas hagan que sus prácticas sean transparentes para el público. Convertirse en una Corporación de Beneficios tiene ciertos requisitos, pero es principalmente un proceso de tres pasos.
“Dissolution” is the formal process by which a state-registered business entity, such as a corporation, may be officially ended. The
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This is a quick legal reference guide covering 16 topics that every business owner needs to have to start a business.
Esta es una guía rápida de referencia jurídica que cubre 16 temas que cada empresario necesita saber para empezar un negocio.
