California LLC Legal Advice (104 found)

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Dana Howard Shultz
Dana Howard Shultz's answer
Contributor Level 7

I agree with the first two answers, though I would like to add the following:...
Steven Alan Fink
Steven Alan Fink's answer
Contributor Level 7

The house is at risk if there is a default by the LLC on the loan. Usually the...
Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 9

The 3 members need to hire a business litlgator, who needs to send a demand...
Kaiser Wahab
Kaiser Wahab's answer
Contributor Level 5

To add to what was said before, in addition to the operating agreement, your...
Question

Dana Howard Shultz
Dana Howard Shultz's answer
Contributor Level 7

You may find the information at the link below to be helpful. The central...
Question

Dana Howard Shultz
Dana Howard Shultz's answer
Contributor Level 7

Let's assume that (a) you complete the LLC dissolution process properly (first...
Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 9

My colleague has ably answered the possibilities and scope of potential...
Question

Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 9

Yes. Please see the Secretary of State conversion table linked below....
Kaiser Wahab
Kaiser Wahab's answer
Contributor Level 5

As mentioned before, an LLC can generally be converted into another entity form....
Question

Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 9

Many lawyers consider DE to have the most corporate-friendly (anti-shareholder)...
Henry Daniel Lively
Henry Daniel Lively's answer
Contributor Level 7

There are certain advantages to forming an LLC in Deleware, but most small LLC'...
Question

Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 9

The Secretary of State can be backlogged, so a 2 week wait isn't unusual. But...
Henry Daniel Lively
Henry Daniel Lively's answer
Contributor Level 7

I agree with Ms. Koslyn. You need to wait until you receive your filed...
Question

Henry Daniel Lively
Henry Daniel Lively's answer
Contributor Level 7

It has been my experience that most attorneys will try to sue the individuals...
Steven Alan Fink
Steven Alan Fink's answer
Contributor Level 7

It can be dissolved. The members of the LLC are generally not liable for the...
Question

Steven Alan Fink
Steven Alan Fink's answer
Contributor Level 7

This is a follow-up to previous question. Banks will typically not loan to LLC'...
L. Maxwell Taylor
L. Maxwell Taylor's answer
Contributor Level 7

I don't hold California law licensure so this is not legal advice, just my...
Dana Howard Shultz
Dana Howard Shultz's answer
Contributor Level 7

I have provided this service for many clients and would be pleased to help you....
Henry Daniel Lively
Henry Daniel Lively's answer
Contributor Level 7

You should hire an attorney with experience in setting up LLC' s for this...
Question

Henry Daniel Lively
Henry Daniel Lively's answer
Contributor Level 7

Not conducting business means that the entity has no assets or liabilities,...
Question

Dana Howard Shultz
Dana Howard Shultz's answer
Contributor Level 7

Please see the answer to this question when it was asked one hour earlier.
Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 9

If you haven't formed any business entity and are operating under your own name,...
Dana Howard Shultz
Dana Howard Shultz's answer
Contributor Level 7

I agree completely with Ms. Koslyn and would like to add the following: You...
Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 9

It's more complicated than a letter. You need to do this according to your...
Robert John Murillo
Robert John Murillo's answer
Contributor Level 7

I would recommend that you contact an attorney because this agreement is...
Question

Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 9

Check your existing Operating Agreement, it probably provides for what's...
Stuart Jonas Reich
Stuart Jonas Reich's answer
Contributor Level 7

There is a lot that is problemativc here and you and your firend really need to...
Steven Alan Fink
Steven Alan Fink's answer
Contributor Level 7

My colleague is correct. You need both lawyers. The LLC lawyer will help you...
Question

Richard F Hamlin
Richard F Hamlin's answer
Contributor Level 5

If your "tax year" is a calendar year, then your LLC would not owe the tax in...
Question

Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 9

I'm not sure what a "disregarded" entity is, but if you perform work here, and...
Steven Alan Fink
Steven Alan Fink's answer
Contributor Level 7

If your Virginia LLC does business in California it is required to register...
Question

Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 9

No. CA has an anti-deficiency statute, so the owner of the property, whether...
Henry Daniel Lively
Henry Daniel Lively's answer
Contributor Level 7

No. The deed of trust runs with the land and would survive the transfer....
Question

Steven Alan Fink
Steven Alan Fink's answer
Contributor Level 7

You can register your Arizona LLC in CA as a foreign LLC. Filing fee is...
Dana Howard Shultz
Dana Howard Shultz's answer
Contributor Level 7

I agree with the first answer and would like to add the following: The...

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