A recent case has shed light on one of the riskiest retirement plan strategies put forth by promoters. In McNulty v. Commissioner (157 T.C. 10) a U.S. Tax Court brought clarity to the scheme of using self-directed IRAs for personal investments.
Piercing the Corporate Veil – How to Avoid It
50% of piercing the veil court cases nationwide succeed because owners are failing to properly follow corporate formalities. This exposes business owners to personal liability - meaning they can lose their possessions. What is the Corporate Veil? What is the corporate...
The Wyoming DAO LLC
A DAO is an organization operated by a smart contract, which is a computer code running within the blockchain. The ‘A’ for Autonomous refers to the self-executing nature of it all.
Corporate Paperwork
Corporations
- Articles of Incorporation
- Corporate Charter from the Secretary of State
- Resident Agent form filed with the State
- SS-4 notice with Employer Identification Number assigned by the IRS
- Bylaws
- Minutes of Meetings (Organizational, Annual and Special, plus waivers and notices)
- Share Certificates (originals or copies)
- Share Register
- Form 2553 (if you filed for S corporation taxation)
Limited Liabilities Companies (LLCs)
- Articles of Incorporation
- Certificate of Organization from the Secretary of State
- Resident Agent Form filed with the State
- SS-4 notice with Employer Identification Number assigned by the IRS
- Operating Agreement
- Minutes of Meetings (Organizational, Annual and Special, plus waivers and notices)
- Membership Certificates (originals or copies)
- Membership Register
- Form 8832 if you filed for a corporation tax election
Limited Partnerships (LPs)
- Certificate of Limited Partnership (LP-1)
- Certificate of Formation from the Secretary of State
- Resident Agent form filed with the State
- SS-4 notice with Employer Identification Number assigned by the IRS
- Limited Partnership Agreement
- Minutes of Meetings (Organizational, Annual and Special, plus waivers and notices)
- Limited Partnership Certificates (originals or copies)
- Limited Partnership Register
Checkbook IRA
A recent case has shed light on one of the riskiest retirement plan strategies put forth by promoters. In McNulty v. Commissioner (157 T.C. 10) a U.S. Tax Court brought clarity to the scheme of using self-directed IRAs for personal investments.
Piercing the Corporate Veil – How to Avoid It
50% of piercing the veil court cases nationwide succeed because owners are failing to properly follow corporate formalities. This exposes business owners to personal liability - meaning they can lose their possessions. What is the Corporate Veil? What is the corporate...