Many prior posts have addressed the “alter ego” doctrine, under which a business entity’s owner can be held personally liable for the entity’s debts. This is also known as “piercing the corporate veil ...

Riding a wave of ownership disclosure laws began with the passage of the federal Corporate Transparency Act (CTA), 1 on December 22, 2023, Governor Hochul signed New York’s own “LLC Transparency Act” ...

Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is also the author of two books. David Kindness is a Certified Public Accountant (CPA) and an expert ...

Limited Liability Companies give business owners a unique blend of liability protection and some real tax flexibility. The main tax perk of an LLC is pass-through taxation, which lets profits flow ...

As New York moves closer to enforcing its New York LLC Transparency Act (NYLTA), many small business owners are still trying to understand what the law requires and how it will be implemented.