Greensboro Legal Blog

Forming an S Corporation

Forming an S Corporation

Forming an S corporation can provide significant tax advantages by allowing income to be taxed only at the individual level. However, it is important to ensure that all the specific requirements are met and that the necessary filings are made with the Department of Revenue to maintain the S corporation status.

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Corporate Transparency Act Halted

Corporate Transparency Act Halted

A Texas federal judge has issued a nationwide injunction halting the enforcement of the Corporate Transparency Act (CTA), which was set to require businesses to disclose their beneficial owners to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). The December 3, 2024 ruling prohibits the CTA’s application nationwide, asserting that the law is likely unconstitutional.

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Benefits of Falling Mortgage Rates

Benefits of Falling Mortgage Rates

Last month the Federal Reserve lowered interest rates for the first time in four years, sparking excitement in the real estate community. This is big news for people who have been waiting for rates to drop in order to purchase a home or refinance their existing mortgage.

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