Hi. Do I need to update my social security card after getting my green card? Will SSN change? Thank you.
Once an individual is issued a social security number, the individual keeps that number for life (unless there are unusual circumstances, such as identity theft).See question
Who signs for the loan. There are two members the minority member is also the manager With 49 percent ownership.
While I agree with my colleagues that the Operating Agreement should be amended to reflect one manager, there is an additional consideration:
If the LLC was formed properly and with consistent documentation, the Articles of Organization state that there is more than one manager. In this case, the Articles would need to be amended, as well, to specify only one manager (link to Certificate of Amendment provided below).See question
I am a minor at 13, and I am starting a website design/ development/ hosting/ maintenance company(LLC). I know I have to have my parents as a authorized signer for my licenses/permits. The thing is, how do I send the consent? Is there a specific f...
It is difficult to provide a generally-applicable answer, because (a) I don't know how you will be structuring the LLC and (b) different governmental entities are likely to have different application requirements.
That said, I suspect that the simplest approach might be for one of your parents to be designated as an officer of the LLC - President probably is best, because anyone looking at a document signed by a President is likely to assume that the individual has authority to sign the document.
The foregoing answer makes a point that you need to keep in mind: Once the LLC is established, it is the LLC, rather than you, that is engaging in business activities. Accordingly, you should think in terms of what the LLC needs to do, rather than what you need to do.
Good luck!See question
I own a single member pass-through LLC in Michigan. My customer is in Michigan. I am paid in Michigan. I unexpectedly had to work in California for 5 months in 2014 to be on site of a customer of my customer. To recap, the customer in Californ...
The test for whether a foreign entity needs to qualify (register) with the Secretary of State (and incur the $800 annual franchise tax) is "repeated and successive transactions" within the state (please see the post at the link below).
It's possible your LLC did not satisfy that test, thus no need to qualify or pay $800.See question
I'm in California. Have helped my friend to lease a car by being a co-signer but he hasn't been paying the monthly lease amount. I can't afford to pay it and would like to get out of this financial responsibility without ruining my credit. What do...
Questions like yours come up frequently on Avvo.
The answer: Unfortunately, you are on the hook, and there is no way (other than making the monthly payments) that you can set yourself free.See question
Before the expiration, there was no new financing or any other valuation event that could have triggered any conversion, per the Convertible Note contract. The contract named the investor only, as the only party who had the right to refuse the pa...
Based on the facts you have provided, and assuming that the Convertible Note contains provisions that are typical for that type of instrument, (a) the investor is entitled to repayment of the loan and (b) the company's failure to repay is a breach of the Note, conferring upon the lender the remedies for breach that are set forth in the Note.See question
In a standard services agreement- it may start with: "This Services Agreement is entered into by and between ABC Company, LLC, a California LLC and xyz company" Question is, if we are an LLC- is it appropriate to have the sent...
As a matter of style, I prefer "a California limited liability company", i.e., with the type of entity spelled out rather than the abbreviation "LLC", which I use only in the company's name.See question
C corporation dissolution. My husband stars a business with his partner, who is non-resident alien, 50 by 50. We are creating a shareholder agreement and need some help concerning some wording of dissolution clause. According to the Chapter 19 o...
I agree with my colleagues that you should retain an experienced business lawyer to help you prepare the shareholder agreement.
That said, there is a simple answer to your final question - no gray area: As is explained in the post at the link below, a 50% shareholder can vote to dissolve the corporation. Nevertheless, if you are preparing a shareholder agreement anyway, it might as well address dissolution.See question
Attend Association meeting and vote on issues for the condo
Assuming that "put...into a living trust" means that the trust owns the condo, the trustee exercises rights and satisfies obligations pertaining to ownership of the condo.
If the owner of the condo is supposed to attend and vote at Association meetings, then the trustee is the one who would take those actions.See question
This is a C-Corp dealing with Hardware Electronics development. We are hiring engineers.
You should re-post this question under WA (rather than CA) so it will be seen by more lawyers in WA.See question