March 7, 2024
The Corporate Transparency Act: Found Unconstitutional
On Friday, March 1, the U.S. District Court for the Northern District of Alabama held that the Corporate Transparency Act (“CTA”) is unconstitutional.
Read moreStock Legal, with its deep expertise in corporate law, is the right firm to help you navigate the Corporate Transparency Act (“CTA”). The CTA has introduced new compliance requirements and considerations for all businesses, including the filings detailing “beneficial ownership” information. Stock Legal’s team of seasoned attorneys knows and understands the CTA, and can support you in your required filings.
Connect with Stock Legal today to ensure your business is in full compliance with the CTA. Our team is ready to provide the expertise and support you need to navigate these regulations with ease.
Your relationship with your customers is the lifeblood of your company. While a handshake and a warm smile are important in building trust during the contracting process, well drafted legal documents are necessary to make sure your business is protected (just in case not everyone agrees on what that handshake meant . . . ) Watch to learn more about our Contracting package.
Hiring employees is one of the most critical activities of your start-up or emerging business. Several key documents can help make sure your business is protected when it comes to employees, including a confidentiality agreement, independent contractor agreement, and an employment agreement. Because all companies with employees - no matter their size or industry - need these basic legal documents, Stock Legal offers an Employment Package for a fixed fee. Watch to learn more about our Employment Package.
Companies like yours often find themselves in a position where they have to share information that is confidential to the company in order to do business—to engage with clients, to vet potential employees, or to investigate new business ventures, just to name a few. Having sound confidentiality agreements in place can be essential to protecting your ideas; strengthening relationships with customers, partners, and employees; and helping your business grow. That’s why Stock Legal offers a fixed fee for confidentiality agreements. Watch to learn more about our Confidentiality Agreement package.
If you’re starting a company with multiple owners, or members—whether those owners are individuals or other companies—you’re probably considering forming multi-member limited liability company (MMLLC). An MMLLC is an effective way to protect the personal assets of the members, which makes it a popular choice for start-ups and new small businesses. That’s why Stock Legal offers a fixed-fee package that includes the basic tools you need to form a MMLLC. Watch to learn more about our Multi-Member Limited Liability Company and Incentive package.
If you’re starting a company with only one owner, then forming a single-member limited liability company (SMLLC) may be the best way to go. But while having just one member simplifies some things from a legal perspective, you still want to make sure you have a all the key documents necessary to establish a solid legal foundation for your SMLLC, no matter what product or service you are offering. Stock Legal can help you make sure you get your business off on the right foot. Watch to learn more about our Missouri Single Member Limited Liability Company package.
On Friday, March 1, the U.S. District Court for the Northern District of Alabama held that the Corporate Transparency Act (“CTA”) is unconstitutional.
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In our previous blog post on the Corporate Transparency Act (“CTA”), we introduced the CTA and gave some key takeaways for businesses and business owners to understand what is to come as it relates to complying with this new law that has been and continues to be seldom discussed.
Read moreThe purpose of the CTA is to help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and other illicit activity by allowing law enforcement access to beneficial ownership information during investigations of entities believed to be used for illegal purposes.
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Stock Legal highlights the essential need for formal legal planning when a family farm is inherited by multiple heirs. The critical challenge arises when heirs hold the property as tenants in common, leading to three main points of instability: Liability Exposure, Management Gridlock and a Difficult Exit Strategy. The key benefits of using an LLC include: Asset and Liability Protection, which shields both the farm's assets from an heir's personal debts and the heirs' personal assets from farm-related liabilities; Clear Management and Governance, established through a mandatory Operating Agreement that defines decision-making, profit distribution, and formal buy-sell provisions; and Simplified Estate Transfer, as LLC membership interests are easier to transfer than fractional real estate ownership.
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Stock Legal founder and Legal Back Office co-founder Sara Stock has acquired the historic 4709 Delmar Blvd building in St. Louis, formerly the Mavrakos Candy Company headquarters, to transform it into a dynamic new mixed-use hub.
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Serving as a Trustee is a serious legal commitment. This post breaks down the four cornerstone fiduciary duties a Trustee owes to beneficiaries: the Duty of Loyalty, the Duty of Prudence and Care, the Duty of Impartiality, and the Duty to Inform and Account. Learn precisely what these obligations entail, from avoiding self-dealing to investing wisely and maintaining transparency. Crucially, we explain what constitutes a Breach of Fiduciary Duty and the legal recourse beneficiaries have to protect their rights.
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