At Ewin Lambourne Law, APC, we advise clients regarding the proper formation and ongoing management of business entities as well as long-term succession planning. Before establishing a business, careful consideration should be given to determine the most appropriate business entity type. Next, the business must file all required documentation with the proper governmental agencies. Once a business has been established, the business should develop a comprehensive set of rules for the governance and day-to-day management of the business. The business should continually review and update their filings with the governmental agencies to ensure compliance with the law and prevent unwanted liability, including the newly enacted Corporate Transparence Act, which effects all legal entities.