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What is Business Compliance?
As the owner of a corporation or LLC, you need to know and understand the legal aspects of starting and running a business. Compliance refers to all of the federal, state, and local rules required to keep your corporation or LLC in good standing with the state(s) where it conducts business.
Understand the Consequences of Noncompliance
- When a corporation or LLC fails to meet government obligations, the state may revoke the company's good standing, levy penalties against it, or even dissolve the company.
- Additionally, when a business owner fails to follow the steps required to maintain their limited liability protection, the owner's personal assets will no longer be protected from lawsuits against the company. This is known as "piercing the corporate veil." This applies to both corporations and LLCs.
Every year, thousands of corporations and LLCs make the same mistake. They assume they have met the compliance requirements needed to keep their company in good standing. Miss the deadlines and your corporation or LLC can face loss of good standing, not to mention fines, penalties, reinstatement costs, and even business closure.
The Company Corporation understands how complex and overwhelming compliance can be, which is why we created our business coaching programs to help business owners stay in good standing. By working with one of our experts, you'll avoid fees and fines, and have peace of mind that you're not missing important state, local, and internal requirements.
Our Exclusive $50,000 Corporate Veil Guarantee
Only The Company Corporation offers a $50,000 Corporate Veil Guarantee and an online compliance tool to our customers. We know your asset protection depends on it, and that's why we put $50,000 on the line!
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