FinCEN Permanently Ends BOI Reporting Requirements for U.S. Companies
FinCEN BOI reporting requirements for U.S. companies have officially come to an end. Business owners who have been following the changing requirements of the Corporate Transparency Act now have a definitive answer following a new final rule issued by the Financial Crimes Enforcement Network (FinCEN). On August 11, 2026, the U.S. Department of the Treasury […]
Do Certificates of Good Standing Expire?
If you order a Certificate of Good Standing for your business, you may wonder whether you can continue using it indefinitely or when you need to order a new one. A Certificate of Good Standing generally does not come with a set expiration date. It provides a snapshot of your entity’s status with the state […]
What Is an EIN, and Does Your LLC Need One?
When you start an LLC, you may be asked to provide an Employer Identification Number, commonly called an EIN. You may need one to open a business bank account, hire employees, complete tax filings or apply for certain business licenses. Despite the name, an EIN is not only for businesses with employees. Many LLCs are […]
Can I Change My Business Name Without Forming a New LLC?
Can I change my business name without forming a new LLC? It’s a question many business owners ask after a rebrand, merger, or change in business direction. The good news is that, in many cases, the answer is yes. You can often change your business name without creating a brand-new LLC. However, the process depends […]
What Happens If Your Business Address Changes?
What happens if your business address changes? Whether you are moving offices, changing your mailing address, or switching to a remote setup, it is important to update the parties that rely on your current contact information. One of the most important parties to notify is your registered agent. Your registered agent may be the first […]
What Happens If Your Registered Agent Resigns?
What happens if your registered agent resigns? While it may not happen often, it is a situation every business owner should understand and make sure to prevent. If your registered agent resigns and you do not appoint a replacement, your business could face compliance issues that affect its ability to remain in good standing. Fortunately, […]
What Happens If You Miss an Annual Report Filing?
What happens if you miss an annual report filing? It’s a common question among LLC and corporation owners, especially when state filing deadlines slip by unnoticed. The answer depends on the state, but missing an annual report filing can lead to penalties, loss of good standing, administrative dissolution, and other compliance problems. If you discover […]
How Long Does It Take to Get a Certificate of Good Standing?
If you need proof that your business is active and compliant, you may be wondering how long does it take to get a Certificate of Good Standing? The answer depends on the state, the type of business entity, how the request is submitted, and whether your company is currently in good standing. In many cases, […]
Can I Be My Own Registered Agent? (Pros, Cons, and Risks)
If you’re starting an LLC, you may be wondering if you can be your own registered agent instead of hiring a professional service. The short answer is yes. In many states, business owners are allowed to fill this role themselves. However, before you make that decision, it is important to understand the responsibilities, legal requirements, […]
What Causes a Business to Lose Good Standing?
A business in good standing has met all of its state’s ongoing compliance requirements. Maintaining good standing is important because it helps ensure your company can legally operate, obtain financing, enter into contracts, and expand into other states when needed. However, many business owners are surprised to learn how easy it can be to lose […]