The Bottom Line When the Corporate Transparency Act (CTA) takes effect on January 1, 2024, it will create a new, confidential database of private companies’ beneficial owners. Enacted by Congress in 2021, the CTA was designed to help thwart the use of shell companies for illicit activities, Continue Reading
Estate Planning Issues to Consider Before Selling Your Business
The Bottom Line Business owners can minimize taxes and maximize proceeds on the sale of his or her business by utilizing different estate planning strategies.It is critical, though, that the estate planning be done well in advance of the sale of the business or even before the preparation of a Continue Reading