Dissolving and Winding Up an LLC in West Virginia
The rules for dissolution are found in the West Virginia Code, Chapter 31B – Uniform Limited Liability Company Act. Following these statutory steps ensures that obligations are met, members are protected, and the LLC is officially closed in the eyes of the law.
Understanding Pennsylvania LLC Dissolution and Winding Up Under Title 15
Starting a limited liability company (LLC) in Pennsylvania can be an exciting step for business owners. But just as important as forming your business is knowing how to properly dissolve and wind up your company if the time comes.
Kubican v. The Tavern, LLC: LLC Veil Piercing in West Virginia (and What Changed in 2022)
Explore the pivotal West Virginia Supreme Court case Kubican v. The Tavern, LLC and how it reshaped limited liability protections for LLC members—until the 2022 legislative changes reversed course. A must-read for business owners, attorneys, and entrepreneurs.
Maximizing Your Estate Plan with LLCs: A Smart Strategy Before 2026
As we approach 2026, many people are looking for ways to protect their wealth and ensure their loved ones benefit as much as possible. One powerful tool in estate planning is the use of Limited Liability Companies (LLCs). LLCs offer flexibility and control, making them a smart choice for families and individuals with significant assets.
Understanding West Virginia’s Uniform Limited Liability Company Act (Chapter 31B): Key Provisions for Business Owners
Starting a business comes with many legal decisions, and one of the most important is choosing the right structure. For entrepreneurs in West Virginia, forming a Limited Liability Company (LLC) offers flexibility and liability protection. The West Virginia Uniform Limited Liability Company Act (Chapter 31B) lays out the rules and requirements for LLCs in the state.
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.
Holiday Primer 2022 - 5th Anniversary Edition
’Twas the month of the holidays across the Commonwealth,
We hope this year's primer finds you in good health.
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.
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.
LLC filings are easy and cheap—true protection is priceless.
You filed Articles of Organization for your own LLC, saving yourself a lot of money. Great! Now you can run the business of your dreams without the fear of impact to your personal assets. Well, not completely.