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Jessica Tasse Olmon’s Answers

Jessica has answered 9 questions

  • Subcontractor Agreement and Contracting Agreement?

    Asked by a user in Los Angeles, CA - over 1 year ago.

    You will most likely need an Independent Contractor Agreement between you and your contractors and a Services Agreement between your company and your customers. Here are some of the points that an...

    Selected as best answer

  • Can LLC members names be kept private from public?

    Asked by a user in Los Angeles, CA - over 1 year ago.

    If you form a manager-managed LLC in California, you do not have to disclose the members' names in the Articles of Organization or the Statement of Information. These are the documents that are...

    Selected as best answer

  • If I signed a one year contract with a non compete clause, after that year if I continue employment will that clause hold?

    Asked by a user in San Diego, CA - almost 2 years ago.

    The State of California has a strong public policy against agreements not to compete. Therefore, all non-competition agreements are presumed to be invalid. Limited exceptions to this rule include...

    6 lawyers agreed with this answer

  • Could Directors and Officers or Errors and Omissions insurances make an LLC unnecessary?

    Asked by a user in Los Angeles, CA - over 1 year ago.

    The simplest and most effective way to protect your personal assets is to form an LLC or corporation and to run it properly. Learning how to properly run your company is the greatest benefit of...

    Selected as best answer

  • Can a 50/50 LLC itself buy its Member's 50% interest?

    Asked by a user in Los Angeles, CA - over 1 year ago.

    If you have a California LLC, the LLC can buy an interest from one of the members. First, you should check your operating agreement to confirm that the transfer of a 50% interest in the company does...

    4 lawyers agreed with this answer

  • Can my law practice operate as a dba of my California sub s corp?

    Asked by a user in Los Angeles, CA - 11 months ago.

    You can only operate a law practice as a professional corporation (which can be taxed as a C or S corporation), a flexible purpose corporation, a public benefit corporation or a nonprofit corporation....

    3 lawyers agreed with this answer

  • Should I continue to file as an S-Corp or Sole Proprietorship?

    Asked by a user in 91423 - over 1 year ago.

    As a sole proprietor, you are responsible for the debts and obligations of your business. The benefit of forming an S-corporation (assuming you form and run the company properly) is that you can...

    1 lawyer agreed with this answer

  • What does my equity amount mean?

    Asked by a user in Long Beach, CA - about 1 year ago.

    Equity is an ownership interest in the company you are working for. 200,000 shares doesn't mean anything until it is compared to the total amount of shares outstanding. If there are only 200,000...

  • As a former CFO of a start-up, am I responsible for start-up owner's debt? Details below

    Asked by a user in Vernon, CA - over 1 year ago.

    As long as you did not sign anything guaranteeing an obligation of the company (either when it was unincorporated or after it was incorporated) or sign anything as an individual (rather than as an...