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Widerman Malek Law Blog

The Corporate Transparency Act Goes Into Effect 01/01/2024 – Here’s How It Impacts Your Business and What You Need to Know

Please Note- UPDATE: Despite prior reports that the Corporate Transparency Act is no longer enforceable, the Act remains in effect except with respect to companies that are members of the National Small Business Administration (NSBA), a private small business advocacy organization based in Washington, DC.  The court’s ruling that the Act is unconstitutional is only […]

Starting a Nonprofit? Learn the Basics and Take the First Step Towards Making a Difference

Have you considered starting a nonprofit but don’t know precisely what that means or where to start? The following is a brief overview of what constitutes a nonprofit organization and how to start one. This is a basic overview and is not intended to cover every matter of concern if you’re considering starting a nonprofit. […]

Buying or Selling a Business: Asset Purchase vs. Stock Purchase

When buying a business, should you structure the transaction as a purchase of the assets of the business or as an acquisition of the stock of the selling corporation? Most transactions involving the sale of a business can be structured either as an asset purchase or a stock purchase. Asset Purchase An asset purchase is […]

What Is a Holding Company and How Does It Work?

In essence, a holding company is formed to control something. Often that means it holds the control of assets that may be utilized by a subsidiary company of the holding company. The subsidiary operates the assets as part of its business and is referred to as the operating entity. The assets, which could include land, […]

Foreign-owned companies must have U.S. employer identification number

EIN for Foreign Person Can someone who is not an American citizen, or a resident of the U.S., form a corporation or LLC in Florida or any other state? The answer is yes. There is no requirement that the owners of an entity registered in the U.S. are American citizens or residents of this country.  […]

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