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Posts tagged LLC
Hold Up! How Holding Companies Benefit Small to Midsize Business Owners
Hold Up! How Holding Companies Benefit Small to Midsize Business Owners

That Warren Buffett fellow is really onto something, and that’s not even considering his inclusion on the Forbes 400.  So, what exactly is he onto?  Glad you asked!  His company, Berkshire Hathaway Inc., is the gold standard of a holding company (holdco).  Hold up, what was that term?  A holdco, sometimes known as a parent company, is an entity that owns investments in the form of stocks, bonds, other companies (operating companies/opco), or anything of value.  With the definitions out of the way, we can move on to how a holdco can help SMB owners.

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BusinessBrocton SkeenSmall Business, LLC, Business Formation, Business GrowthComment
The 1,2,3s of Asset Protection from Pennsylvania LLCs
The 1,2,3s of Asset Protection from Pennsylvania LLCs

To say there is an abundance of information online about Limited Liability Companies (LLC) is an understatement. With such great resources, why do many owner-operators have common problems? Whether going it alone or with a team by your side, it is important not to ever lose focus of the main value of an LLC: personal asset protection. That protection lasts only if the corporate veil stays intact.

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Brocton SkeenLLC, Small Business, Asset ProtectionComment
I’ll Take Corporate Transparency Act and Beneficial Ownership Disclosure for $500
I’ll Take Corporate Transparency Act and Beneficial Ownership Disclosure for $500

The Corporate Transparency Act (“CTA”) is part of the Anti-Money Laundering Act of 2020, which Congress added to the National Defense Authorization Act for Fiscal Year 2021 (“NDAA”). The CTA requires Beneficial Ownership Disclosure (“BOD”) of all reporting companies. To keep it simple a reporting company is any corporation, LLC, or other similar entity formed with any state or foreign government. A beneficial owner of this kind of company is any person or entity with over 25% ownership.

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BusinessBrocton SkeenSmall Business, LLC, ComplianceComment