Is Your Business Compliant for 2024? Corporate Transparency Act Review

The Corporate Transparency Act marks a significant shift in how companies in the United States, including smaller enterprises, must report ownership information. With its reporting requirements set to take effect in 2024, businesses must start preparing now.     At The Frazer Firm, we specialize in business law and litigation, and we’re here to guide you…

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Understanding the IRS Moratorium on ERC Claims

The IRS has announced it will stop processing new Employee Retention Credit (or ERC) claims. But why has it ordered this moratorium? And how will it impact existing claims?    The knowledgeable attorneys at The Frazer Firm are here to provide you with all the information you need to know!     What is the ERC…

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FTX Bankruptcy – What Will Happen to Investors’ Money?

If you have been paying attention to financial news recently, you have probably heard that FTX, one of the world’s largest cryptocurrency exchanges, has declared bankruptcy. Its founder and former CEO, Sam Bankman-Fried has been indicted by the U.S. Department of Justice and is awaiting extradition from The Bahamas. The firm’s rapid collapse has left…

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What We Can Learn From Elon Musk’s Twitter Buyout

In April, Elon Musk— famous for Telsa and SpaceX—shocked the world when he announced his intentions to buy Twitter for $44 billion. Twitter agreed to this decision, but shortly after, Musk got cold feet and attempted to back out of the agreement.    But on October 27, the deal was closed, and Musk became the…

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Elon Musk’s Purchase of Twitter and Taking a Public Company Private

If you have been paying attention to the news recently, you have probably heard that Elon Musk is purchasing Twitter. The deal is expected to cost around $44 billion, and Musk has announced that he plans to take the company private.    When an organization goes private, it removes itself from public stock exchanges like…

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It’s Time to Breakup: A Guide to Expelling an LLC Member

Expelling an LLC Member

Breaking up is hard.  It’s usually not pretty.  What started out as a seemingly perfect business partnership has now grown toxic and trust has been lost.  If you start a business with others, it is necessary to be prepared for the relationship to sour at some point. In some ways, this is simply because the nature of business…

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What Happens When It’s Time to Close My Business?

General Overview Entity selection – the process of determining which entity to use when establishing a business – is one of the critical areas when starting a business. If a business owner chooses the “wrong” entity, it can have significant ramifications in the future. Similarly, there are also important considerations when closing – or dissolving…

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