Statutory compliance for U.S. companies

Staying compliant with U.S. statutory requirements is essential for business owners and LLC founders. Here are key obligations to keep in mind:

Formation & Internal Governance

Corporations need bylaws and meeting minutes; LLCs require operating agreements and membership records.

Federal Tax & Employer Obligations

Obtain an EIN, register for payroll taxes, withhold federal income tax, Social Security, and Medicare, and file Forms 941/944 and 940. Furnish W-2s by January 31 and make electronic tax deposits. 3. Employment Law & Workplace Postings: Comply with federal statutes like FLSA, FMLA, OSHA, and ADA. Use the DOL's elaws Poster Advisor for required workplace posters and ensure OSHA's 'Job Safety and Health: It's the Law' poster is displayed.

OSHA Safety & Recordkeeping

Adhere to OSHA standards, the General Duty Clause, and injury/illness recordkeeping. OSHA offers free On-Site Consultation for small businesses.

State-Level Filings

Most states require annual or biennial reports and fees, and some impose franchise taxes. Maintain a registered agent and file amendments for changes.

Sales & Use Tax / Local Licensing

Register and remit sales tax in states where you have nexus. Check for city/county licensing and permit requirements. Urgent BOI/FinCEN Update: FinCEN's interim final rule (March 26, 2025) significantly changed Beneficial Ownership Information (BOI) reporting. Domestic reporting companies and U.S. persons are now largely exempt. However, foreign reporting companies registered before March 26, 2025, must file by April 25, 2025. Always consult FinCEN's official guidance and be wary of scams, as FinCEN does not charge filing fees. To help you navigate these complexities, download our comprehensive compliance checklist or schedule a consultation with our experts today!