Expanding Your Canadian Business into Florida: A Step-by-Step Guide
Expanding into the United States is a natural next step for many Canadian businesses, and Florida often tops the list of destinations. Before you begin operating, however, every Canadian business must take several crucial steps: obtaining necessary federal tax identification numbers, registering to do business in Florida, and ensuring compliance with both U.S. federal and […]
Recent Update: FTC Vacates Ban on Non-Competes
If you are a business owner or Entrepreneur in the United States, there is a high likelihood that you’ve heard all of the back and forth regarding the federal government’s attempt to ban noncompetes nationally, despite many scholars’ and legal practitioners viewpoints that this was beyond their authority. Finally, and after much back and forth […]
Corporate Transparency Act (CTA) Enforcement Update: Suspension and Proposed Rule Changes
Introduction In 2021, Congress enacted the Corporate Transparency Act (CTA) to enhance transparency in corporate ownership, aiming to combat illicit financial activities such as money laundering and fraud. The CTA mandates that certain business entities disclose their beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the […]
FTC Ban on Non Competes
On April 23, 2024, the Federal Trade Commission (the “FTC”) issued a final rule available HERE determining that non-competes in the United States are anti-competitive and, therefore, will be federally banned effective 120 days after the rule is published in the federal register (the “Effective Date”). Specifically, the final rule provides that it is a […]
Why Corporations Should Use Shareholders’ Agreements
While not all corporations have shareholders’ agreements, there are compelling reasons why they should. Shareholders’ agreements are a critical and often overlooked component of corporate governance. These legally binding documents outline the rights, responsibilities, and obligations of shareholders in a corporation.
Understanding the Essential Importance of an Operating Agreement for Your LLC
When starting a Limited Liability Company (LLC), it’s essential to dot all the i’s and cross all the t’s to ensure the smooth functioning and protection of your business. One crucial document that often proves to be the bedrock of an LLC’s structure and operations is the operating agreement. In this blog, we’ll delve into what an operating agreement is and why it’s vital for an LLC to have one.
