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Asset Protection and the Corporate Veil
Рет қаралды 856
3 ай бұрынUnlock the secrets of asset protection & avoid lifting the corporate veil in our must-see webinar led by attorney Jim Cunningham. 👉 Book a Call at www.cunningham... for attorneys well-versed in corporate veil company law, to learn more about the corporate veil, and general estate planning for your business.
Join seasoned attorney Jim Cunningham in this enlightening webinar to explore the complexities of how LLCs, Partnerships, and Corporations can be used to protect assets. Learn about the "corporate veil" and its crucial role in liability protection. Who is protected by the corporate veil? Understand the consequences of lifting the corporate veil under corporate law and how a creditor can, and can’t, pierce this veil. Learn about the strategic use of a Holding Company, the importance of up-to-date legal documents, business succession planning, and robust exit packages, especially for incapacity scenarios. This essential webinar provides valuable insights for business owners looking to fortify legal protections, reduce risk, and have smooth operational transitions. Don't miss this unique learning opportunity!
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@PedroOjeda 2 ай бұрын
Makn issue woth that Finra thing is you have to keep it updated. For example if ine of the owners changes address you have 30 dats to update Finra. If you have many LLC, this is cumbersome. Best thing is to make a Finra ID to auto update all LLC
@CunninghamLegal 2 ай бұрын
Yes, you're talking about creating FinCen ID for the Corporate Transparency Act reporting requirements. If you own or partly own an LLC, a partnership, or a corporation, this law is something you need to understand-and you may need to take action. The Corporate Transparency Act (CTA) requires specific information about the ownership of most small businesses to be reported to the United States Financial Crimes Enforcement Network (FinCEN), which can be reported here: boiefiling.fincen.gov/. *To your point, @PedroOjeda, if your business ownership changes, you must update this information within 30 days. If you have an existing company, you must file by January 1, 2025. Complying with the CTA might seem like a daunting task, especially for smaller businesses. We’re here to help make the process as easy as possible. Please contact our office if you would like assistance with the filing process. We have further materials on this here: www.cunninghamlegal.com/corporate-transparency-act-what-you-need-to-do-now/
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