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COVER YOUR ASSETS

Date: July 9, 2022

COVER YOUR ASSETS

Announcement: New Avenues of Support Available!!

Many business owners have reorganized their businesses in order to take advantage of favorable tax benefits. Not fully understanding the responsibilities of managing and maintaining their entities, may present business risks.  Good corporate governance is imperative for many reasons, including, but not limited to: making your company ready, by the ability to demonstrate corporate legitimacy to the IRS, secretaries of states, banks, investors, and potential litigation.

 

After years in the industry, we’ve seen a pattern unfold, whereby clients receive the tax benefit but let compliance fall to the wayside, and when the time comes to justify their tax strategies, serious consequences arise because good corporate governance was not maintained at the corporate level.  The time, energy, expense, and stress involved in preparing for IRS audits or litigation is significantly decreased when good governance, corporate legitimacy and management of the corporate entity is maintained on an ongoing basis.

 

We are excited to announce that we will be offering a new service, specific to your entity type and tailored for your corporate governance needs, to ensure that you are able to demonstrate your corporate legitimacy, in case you receive that “Notice of Audit” from government authorities.  Our new Corporate Governance services will include:

 

  • Audit of your current corporate records.
  • Summary of your fiduciary duties related to your By-Laws or Operating Agreement.
  • Report on missing items and Plan to bring corporate records current.
  • Establish best practices and governance procedures.
  • Maintenance and upkeep of corporate records.
  • Attend Board meetings, record meeting minutes.
  • Subscription Services, including filing Annual reports with state of domicile, convening annual Board/Stockholder meetings as required and more

 

We help clients to reduce their tax bill every day, unfortunately many business owners have a hard time either remembering to perform the needed compliance work, don’t have the time, or are confused by the requirements. That’s where we come in to help get the work off your plate so you can run your business and never have to worry about it again.

 

If you’re ready to get on the right path and cover your assets without having to do it all yourself, we’re here to help. If you’d like to schedule a call, click here.

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