by hoodlawkc | Business Law, Business Planning
Often, S corporation shareholders serve as officers, directors and employees of their corporation, as S corporations have a small number of shareholders because they are usually family-owned and/or closely-held businesses. This may present a choice for these...
by hoodlawkc | Business Planning, Business Law
Earlier this year, the Supreme Court of the United States rendered an Opinion in Daimler AG v. Bauman, ____ U.S. ____, 134 S.Ct. 746 (2014), that came as something of a surprise for those familiar with the facts and procedure of the case and that may constitute a sea...
by hoodlawkc | Business Planning
It may be surprising to many ordinary people, but an IRA can legally own real estate and a lot of other alternative investments, too, ranging from private equity and promissory notes to gold, oil and gas and cattle (It can’t own insurance, collectibles or stock...
by hoodlawkc | Business Planning
If you have financial authority or even just signature authority over a foreign bank or financial account, you may be required to make an annual report of it to the Department of the Treasury. Failure to do so can result in extremely onerous penalties you’ll want to...
by hoodlawkc | Business Planning
In our continuing effort to keep you up to date on the latest in business law, today we bring you another installment in our series on cutting-edge business entities. This time: the low-profit limited liability company, or L3C. You can find our previous blog post on...
by hoodlawkc | Business Planning
Business entity law is constantly evolving, with the next great innovation seemingly always on the horizon. The most recent innovation has been the “series LLC”. This new type of entity allows business owners to capture many of the benefits of traditional LLCs in a...
