#legal
Legal considerations for business finance and accounting compliance
Every business phone system must dial 911 with no prefix and send a dispatchable location — address plus floor, suite, or room — or face FCC fines.
A mechanic's lien secures your unpaid invoice against the property — but one missed notice or deadline voids it. US filing rules and owner defenses.
In the western US, water rights follow priority dates, not deeds — verify decrees before buying land, avoid forfeiture, and lease unused water for income.
There is no US accountant-client privilege: Section 7525 shields only civil IRS tax advice, while a Kovel arrangement via counsel also holds in criminal cases.
An EEOC charge is an allegation, not a verdict: block retaliation, file a documented position statement in ~30 days, and weigh free mediation (70%+ settle).
An MSO lets investors own a law firm's back office; an ABS lets them own the firm. Illinois HB 5487 now curbs both for contingency-fee practices.
An unfunded living trust controls nothing — retitle real estate, accounts, and business interests into it, and back it with a pour-over will.
South Dakota HB 1180 voids ownership-transfer non-competes past three years from July 1, 2026 — rewrite duration, scope and geography before closing.
Register within three months of first publication or lose statutory damages up to $150,000 per work and attorney's fees for any infringement that began earlier.
States set LLC annual reports on a fixed date, your anniversary month, or a two-year cycle — miss one and Florida alone adds a $400 late fee before dissolution.
No federal law requires show-up pay, but eight US states plus DC do — California owes half the shift (2–4 hours) when you send scheduled staff home early.
An SPV pools many angel checks into one LLC and one cap-table line; backers pay 10–20% carry plus setup fees, and the lead votes the whole block.
