The U.S. Treasury has suspended enforcement of the Corporate Transparency Act (CTA) after a federal court ruled it unconstitutional. As a result, Texas small businesses are no longer required to file beneficial ownership reports.
Intellectual property is a valuable asset often overlooked in estate planning. A testamentary trust can protect your creations—like copyrights, patents, and trademarks—ensuring proper management, financial security, and a smooth transfer to your beneficiaries. Discover how to safeguard your legacy for future generations.
Small business owners will have one more item on their compliance to-do list when the Corporate Transparency Act (CTA) takes effect next year. The CTA,[1] enacted as part of the Anti-Money Laundering Act of 2020 (AMLA), places new reporting requirements on many business entities in an effort to expose illegal activities, including the use of shell […]
To protect assets effectively, you have to store them in the right legal entity. However, that can depend on whether you’re looking to protect business assets, avoid estate taxes, or protect personal assets from legal liability while running a business.
