The CTA requires both companies and beneficial owners to submit a report to the Department of Treasury’s Financial Crimes Network (FinCEN). Both requirements are discussed below.
How LLCs Can Protect Doctors
Doctors are frequent targets of medical malpractice suits. This is why many of them have malpractice insurance to cover these claims. But what happens when the insurance does not cover the full amount?
Multi-Member LLCs: Structure and Issues
Members can own different ownership percentages in an LLC. Generally, ownership percentages are based off the member’s capital contributions.
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
The Corporate Transparency Act
The CTA requires both companies and beneficial owners to submit a report to the Department of Treasury’s Financial Crimes Network (FinCEN). Both requirements are discussed below.
How LLCs Can Protect Doctors
Doctors are frequent targets of medical malpractice suits. This is why many of them have malpractice insurance to cover these claims. But what happens when the insurance does not cover the full amount?