Is an LLC the Same as a Business License?
Business terminologies can often be confusing, leading to misconceptions and misunderstandings. One common misconception is that a limited liability company (LLC) and a business license are interchangeable or synonymous. However, this notion is far from the truth. An...
FinCEN Issues Final Rule 2024
New Reporting Requirements for LLCs Under the New FinCEN Law The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has introduced a groundbreaking rule that significantly impacts businesses in the country, including limited liability...
Choosing the Right Business Structure: A Look at Corporation Examples
Starting a business is exciting, but choosing the proper business structure is crucial. Two popular options are corporations and limited liability companies (LLCs). In this post, we’ll discuss what a corporation is, its essential characteristics, and if it’s the right...
Understanding the Two Weeks Notice Letter
When it’s time to leave a job, whether for a new opportunity, personal reasons, or any other motive, giving your employer a formal notice of your resignation is customary and professional. This notice typically comes as a 2 weeks notice letter. It’s usually more...
Everything You Need To Know About a Bill of Sale
A bill of sale is a necessary document you need to get acquainted with as a business owner. This vital piece of paper holds essential sales information that legally binds a sales activity. It also serves as proof of new ownership. In this blog post, we’ll discuss what...
Hi, I'm Wesley! A business attorney turned entrepreneur devoted to simplifying how you protect your business and your assets. Like you, I'm an business owner so I get it and I started Drafted Legal to help you put in place simple and sound legal strategies so you can focus on your business and not worry about getting lost in legal nuances.
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