Licensing Compliance for DME Businesses

Dissolution is not a topic many business owners like to think about, but if the time comes, it's important to know what to expect. In this edition, CT Corporation Account Manager Mike Enright explains the different types of dissolution and how to approach that decision as a corporation or an LLC. He also walks us through the formal steps of dissolution in most states and what information you'll need to complete the process.

For additional information and resources, please visit:

https://www.wolterskluwer.com/en/expert-insights/the-administrative-dissolution-and-reinstatement-of-business-entities

https://www.wolterskluwer.com/en/solutions/ct-corporation/business-entity-dissolution-or-withdrawal

Engineering firms must navigate a number of government regulations, and that includes obtaining a business license. CT Corporation's Hans Howk walks us through the regulatory environment for engineering businesses, what the process for getting a business license looks like, and the significant consequences for non-compliance.

For more information and resources:
https://www.wolterskluwer.com/en/expert-insights/business-license-pitfalls-for-architecture-and-engineering-companies

Before you start building your architecture business, make sure you have the proper licensing and other compliance in place. CT Corporation Content Management Associate Claire Corbin explains what you need to do to acquire your license, some of the rules you need to follow when naming your business, what the penalties are for non-licensure, and much more.

For additional information and resources:
https://www.wolterskluwer.com/en/expert-insights/architecture-firm-business-licensing-and-other-legal-requirements

In late September, the Financial Crimes Enforcement Network, or FinCEN, finally released specifics on how small businesses need to comply with a new reporting rule through the Corporate Transparency Act. CT Corporation Publications Attorney Sandra Feldman explains what information the government requires, which businesses are exempt, and when you need to have all of your information submitted.

For addition information, please visit:
https://www.wolterskluwer.com/en/expert-insights/fincen-issues-final-rule-implementing-the-reporting-requirements-of-the-corporate-transparency-act

In our most recent podcast, we walked through all the steps needed to select and establish a name for your corporation of LLC. But sometimes it becomes necessary to change the business name. CT Corporation Publications Attorney Sandra Feldman shares some reasons businesses seek a name change, steps to take before making a formal change, how to make it official, and what sort of compliance is required afterwards.

For additional information and resources, please visit: https://www.wolterskluwer.com/en/solutions/ct-corporation/business-naming

Naming your business involves a lot more than coming up with something your customers will remember. CT Corporation Manager of Customer Service Tim Jensen explains what the government will require from you in a business name, why you might not get to use your first choice, and what words you can and cannot use. He also explains how to reserve a name before your business opens and how to proceed if you do business in multiple states.

For additional information and resources: https://www.wolterskluwer.com/en/expert-insights/entity-naming-requirements-for-corporations-llcs

At the beginning of August, Delaware law changed to offer more liability protections for corporation officials when there's been a breach of duties. With so many businesses formally registered in Delaware, this will have an impact throughout the country. CT Corporation Publications Attorney Sandra Feldman explains what exactly has changed, the impact the change is likely to have, and what business owners need to do to comply with the updated law.

For additional information and resources: https://www.wolterskluwer.com/en/expert-insights/delaware-corporations-can-now-limit-the-liability-of-senior-officers

Choosing the right entity for your business is one of the most important decisions a business owner makes. In this edition, we focus on corporations. Should you establish your business as a corporation? And if you do, is it better for your business to be taxed as a C Corporation or an S Corporation? CT Corporation Publications Attorney Sandra Feldman explains what characteristics you need to qualify as a corporation and walks us through the tax advantages and disadvantages of filing as a C Corp or an S Corp.

Third party logistics providers, or 3PL's, must meet strict compliance requirements, particularly those doing business in the pharmaceutical industry. In this edition, Wolters Kluwer Manager of Content Management Hans Howk explains what the licensing requirements are for 3PL's and which government agencies will be making sure you are in compliance. He also explains the penalties for licensure non-compliance and how CT Corporation can help you navigate all the complexities that come with this designation.

For additional resources, please visit:
https://www.wolterskluwer.com/en/expert-insights/third-party-logistics-provider-licensing-requirements

Business identity theft is growing quickly but protecting yourself before someone tries to attack you, and knowing what to do if they succeed, can save you a lot of money and stress. Andrew La Marca, director of fraud and compliance at Dun & Bradstreet, tells us how bad actors target businesses, how to stay vigilant for these attacks, and what to do if your business is victimized.

For additional resources, please visit:
https://www.wolterskluwer.com/en/expert-insights/the-rising-risk-of-business-identity-theft