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Top 5 Reasons to Update Your Operating Agreement or Shareholders’ Agreement

As a business owner an operating agreement or shareholders agreement (an “operating agreement”) is an essential element in the operation of your company.  An operating agreement sets out the rules and regulations for the operation and management of the company. There are many reasons why it may be time to review your operating agreement. If…
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ATTENTION ALL ENTITIES & BUSINESS OWNERS

The Corporate Transparency Act: Widespread Application of Regulatory Requirements Beginning January 1, 2024, a majority of businesses will be required to disclose their Beneficial Ownership Information (“BOI”) to the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) to comply with the Corporate Transparency Act (“CTA”).  The CTA, enacted as part of the Anti-Money Laundering Act,…
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Ready to incorporate? Delaware is likely the best option.

One of the initial decisions a startup founder must make is whether they establish a corporation in Delaware or opt to incorporate in their home state. For the reasons below, Delaware continues to be the preferred choice when a startup intends on raising external sources of capital to finance growth. The following factors highlight why…
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