The statute of limitations for the Internal Revenue Service (IRS) to collect the tax amount you owe is typically ten years. This IRS refers to this period as the “Collection Statute Expiration Date (CSED).” However, understand that various laws and actions can impact...
Corporate directors and officers owe a fiduciary duty to the company not only to safeguard business assets — but they also cannot usurp business opportunities for personal gain. Closely related to self-dealing, the corporate opportunity doctrine precludes corporate...
The Electronic Signatures in Global and National Commerce Act — also called the E-Sign Act — was signed into law in 2000, providing for legal recognition of electronic signatures in commerce. Under the statute, e-signatures are given the same legal force and effect as...
Brinen & Associates are proud to congratulate Sarah O’Sullivan and Zhe Zhu, law clerks with the firm who were recently notified that they had passed the New York State Bar Exam. According to The New York State Board of Law Examiners, 9,779 candidates sat for the...
https://vimeo.com/877941058 How Does Incorporation Affect Liability? The purpose of incorporation is to create a shield, or a corporate veil, to protect your personal assets from the liabilities of a business. While that corporate veil is not perfect, and you will put...
A wide variety of reasons can be advanced as to why business payroll taxes might not be paid. Those reasons include willful failure to pay and negligence. However, when business payroll taxes are due to the Internal Revenue Service, those business payroll taxes...
