Sometimes when you look at a receipt, you may see a line item labeled “processing fee” or “convenience fee”. These items are considered surcharges, which businesses may implement to offset the cost of payment processing expenses associated with credit cards...
An operating agreement is a contract between members of a limited liability company, or LLC, that governs the operation of the business and solidifies some of its basic functions. For example, an operating agreement will outline the management structure, the ownership...
The Corporate Transparency Act was enacted in 2021 and requires most corporations and limited liability companies to report information about their owners to the United States Department of Treasury’s Financial Crimes Enforcement Network, known as FinCEN. The purpose...
