The new Beneficial Ownership Reporting (BOI) requirement put into effect by the Corporate Transparency Act is applicable for all legal entities formed in the United States or non-U.S. entities registered to do business with a state government. Each legal entity formed in the United States before January 1, 2024, must report their beneficial ownership to […]
Let’s dive into some of the more frequently asked questions surrounding sole proprietorships: Who is a sole proprietor? A sole proprietor can be an independent contractor or an individual that owns and operates a business and generates self-employment income. The business may have been formed by filing for a “DBA” (doing business as) or by […]