In the first part of this blog series, we discussed types A, B, and C corporate reorganizations. The Internal Revenue Code provides other ways a company can be restructured. Types D, E, F, and G corporate reorganizations are four more options available under the...
Privity is between the promisor and promise — the individuals who are the contracting parties. Some contracts draw in people other than the parties to the agreement. For example, a third-party beneficiary is not a contracting party, but can still receive a benefit...
Often, assets can be contributed to a corporate entity by owners in exchange for an interest in ownership, without the recognition of gains or losses. Both Internal Revenue CodSection 351 and Section 721 of the Internal Revenue Code provide for this general rule....
https://vimeo.com/1010611788?share=copy What is the Corporate Transparency Act? The Corporate Transparency Act or the CTA is an act of Congress passed by the United States and administered a Financial Crimes Enforcement Network or FinCEN. The CTA is to enhance...
A business continuity plan can help ensure your organization will keep running, despite any interruption. Whether there is a hurricane, pandemic, financial crash, earthquake, or other unforeseen circumstances, this document can help ensure you reduce downtime at your...
It’s crucial to ensure you pay all taxes to the Internal Revenue Service when they are due, which is crucial. If you owe back taxes and don’t arrange to pay, the IRS may levy your bank account and seize your property. In the event you’ve been contacted by the IRS...
I formerly worked as a satellite employee from my home state of New Jersey. I ended my employment with my former employer in 2016. In 2018, I was sued by my former employer for $1.1 million in Illinois State Court. I was referred to Brinen & Associates, LLC by a friend who is a client of the firm. Brinen & Associates, LLC came highly recommended. I contacted Joshua Brinen and then had a consultation at his office with his colleague Mark White. Together, Messrs. Brinen and White explained my options...
