New startups always face the decision of where to incorporate. Often they have heard that Delaware is the ‘best’ place to incorporate for tax or corporate governance reasons. Business owners are not aware of the added duties and responsibilities of incorporating outside of your state of residence. The default should always be incorporating in the state of operations or residence.

We are pleased to announce that we have two new management team members.

For many Americans, 2022 was a very disappointing year with sharply rising inflation and interest rates, falling stock prices and the shock of Russia’s brutal invasion of Ukraine. These factors drove consumer sentiment down to its lowest level on record in June and has only staged a modest rebound since then.

Entering the first quarter of 2023, there is a growing danger that the U.S. economy could slip into recession. While the U.S. consumer has been largely resilient so far, higher interest rates have weighed on home-building, trade and business investment.

Pursuant to the provisions of the Foreign Account Tax Compliance Act (FATCA), foreign financial institutions (FFIs) — including foreign banks, brokers, insurance companies and investment funds — must disclose to the IRS certain information about accounts owned by United States persons.