What is the Subchapter V debt limit in 2026? About $3.4 million in aggregate noncontingent, liquidated secured and unsecured debt. The temporary $7.5 million cap expired on June 21, 2024 and has not yet been restored. The subchapter v debt limit is set by 11 U.S.C. § 1182, with pending legislation that would make the…
How do I open a US business bank account from Korea without an SSN or ITIN? After an EIN comes in, a US business bank account is the first real spending tool for the entity, and in 2026 a non-resident founder can realistically open one online in one to three weeks with the right documents…
How much does US business formation cost in 2026? For a one-person company, state filing fees in 2026 range from about $100 (Wyoming, Florida) to $425+ (New York with publication). The us business formation cost you actually pay in Year 1, however, is driven more by annual state taxes and the registered agent than by…
How fast is US LLC formation time in 2026? The state filing itself can be as short as a few hours (Delaware expedited, Wyoming online) or as long as several weeks (New York with publication, California by mail), but the full path to a running business — including EIN and a bank account — usually…
How do I get an EIN without an SSN as a foreign founder? You file IRS Form SS-4 by fax or by calling the International EIN line at +1-267-941-1099. An SSN or ITIN is not required for the responsible party if none exists — write “Foreign” on line 7b instead. Plan on roughly 4–8 weeks…
Does the ny personnel records law apply to my business? Yes, if you employ workers in New York in the private or public sector, with limited exceptions for certain unionized workforces. The ny personnel records law takes effect November 8, 2026 and requires you to produce an employee’s personnel file, at no cost, within ten…
How do founders keep QSBS treatment through a recapitalization? A Section 368(a)(1)(E) tax-free recap can preserve QSBS under Section 1202(h)(4)(A), but only if the reorganization requirements are met, the aggregate gross assets threshold is respected, and Section 305 does not turn the recap into a taxable deemed distribution. Many of our founder clients organize as…
Are the SBA size standards really changing before September 21, 2026? Yes — SBA has proposed the biggest rewrite of sba size standards since it adopted NAICS in 2000. The proposal collapses roughly 1,000 standards to 338, defaults to employment-based measures, and adjusts receipts standards for productivity growth. Comments close September 21, 2026, and the…
Does the new SBA quality of earnings rule apply to my deal? If you are using an SBA 7(a) loan to buy a business or expand into one for $3 million or more, yes. Starting October 1, 2026, lenders must obtain an independent SBA quality of earnings report before the loan can close on that…
What changes for a dental practice acquisition in 2026? If you are buying with an SBA 7(a) loan of $3 million or more, an independent quality of earnings report becomes mandatory on October 1, 2026 — and the lender has to engage the provider before your loan number is issued. Most dentists buying a practice…
How do I prove to a lender or employer that I paid my taxes? Use the new IRS Tax Compliance Report. Available through your IRS Individual Online Account, it is a digitally certified, downloadable document that confirms whether you filed on time and paid what you owe — without disclosing your income or filing details….
Do I still need to file a FinCEN BOI report in 2026? Almost certainly not — if your company was formed in a U.S. state. The FinCEN BOI final rule (effective August 14, 2026) exempts every domestic reporting company and every U.S. person beneficial owner from BOI reporting. Only foreign entities registered to do business…
How much of my overtime pay is actually tax-free? Less than most workers think. The new no tax on overtime deduction is capped at $12,500 (single) or $25,000 (joint), phases out above $150,000 MAGI, and applies only to the FLSA overtime premium — not the entire overtime paycheck. On August 6, 2026 the IRS released…
