In the case of a life insurance policy that has one or more revocable beneficiaries, the owner of the policy can change the beneficiary designations at any time. This is something that may be necessary if a ben
Totten trust:Also known as apayable-on-deathaccount, this trust is created during the lifetime of the trustor, who also acts as the trustee. It's generally used for bank accounts (physical property cannot be put into it). The big advantage is that assets in the trust avoid probate upon ...
Think of an EIN as a Social Security number for businesses. You must also register for a business license with your state and/or local government.Forming an LLC covers your legal structure, but you also need to pick how that business entity will be taxed. There are a few different tax ...
a government entity must generally obtain a court order or subpoena and give prior notice to the subscriber. Exceptions to the disclosure of non-content records allow providers
What is an inter-fund transfer? Why would a government entity transfer money from one fund to another?Inter-fund transfer:It is a transaction in which you withdraw money from one fund and invest it without relying on another. Transfers between funds are gover...
As government and industry compliance rules have expanded over the past two decades, regulatory and board-level scrutiny of corporate risk management practices have also increased. That makesrisk analysis, internal audits, risk assessments and other risk management functions a major component of business...
also highlights that the Metaverse “is not simply a platform developed by one company, implying the usual constraints of monopolisation, but rather a new plane of existence, not just void of control by any single corporation, but also free of incursions by any state entity or government.” ...
When talking about LLCs: Yes, a Disregarded Entity is always a Pass-through Entity. Being a Disregarded Entity means the company doesn’t file its own tax return. Having pass-through taxation means the company doesn’t pay its own tax (the owner pays the tax instead). ...
An executor administers and manages the estate of someone who has died, and distributes the assets left to heirs through a will. An individual can name one person for each role or could appoint one to perform both roles.2 Like a trustee, an executor can be a trust company, a bank, a...
In short, blockchain has the potential to revolutionize almost every digital operation we know today, from sending payments and issuing contracts to undergirding complex industrial and government operations. Something this large in scale is likely to present a wide range of opportunities—but also pl...