New York LLC Legal Advice (28 found)

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Kaiser Wahab
Kaiser Wahab's answer
Contributor Level 6

It is not necessarily a per se breach of fiduciary duty to simply open a...
Warren Alan Kirshenbaum
Warren Alan Kirshenbaum's answer
Contributor Level 4

It's not necessarily a breach of his fiduciary duties to be working in, or...
Question

Kaiser Wahab
Kaiser Wahab's answer
Contributor Level 6

Unfortunately, your quesiton presents the most likely source of answers, which...
Question

Kaiser Wahab
Best Answer: Kaiser Wahab's answer
Contributor Level 6

The basic answer to your question is: no. Using a DBA to circumvent the...
Carlos Gonzalez
Carlos Gonzalez's answer
Contributor Level 7

There are many obstacles that you will face, i highly suggest consulting with...
Question

Karen L Brady
Karen L Brady's answer
Contributor Level 5

Sole member limited liability companies can be taxed as sole proprietorships or...
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Steven Alan Fink
Steven Alan Fink's answer
Contributor Level 8

Unless NY law is very different than CA and every other state, your purchase of...
Nancy Baum Delain
Nancy Baum Delain's answer
Contributor Level 5

No, it is NOT true that purchasing any shares or full ownership of an LLC would...
Question

Nancy Baum Delain
Nancy Baum Delain's answer
Contributor Level 5

Yes, you can create a DBA with the same name as your LLC. Here's why that works....
Question

Ronald Anthony Sarno
Ronald Anthony Sarno's answer
Contributor Level 9

You can set up a LLC whereever you want and it is a legal procedure as long as...
Kaiser Wahab
Kaiser Wahab's answer
Contributor Level 6

I encounter this question frequently with my clients. From what you are...
Ronald Anthony Sarno
Ronald Anthony Sarno's answer
Contributor Level 9

You need the help of a business lawyer to get started. FYI banks rarely garnt...
Question

Ronald Anthony Sarno
Ronald Anthony Sarno's answer
Contributor Level 9

In some ways registering a business in NYS is much easier than it is in the...
Question

Kaiser Wahab
Kaiser Wahab's answer
Contributor Level 6

I will attempt to asnwer the second question. If you are successful in...
Ronald Anthony Sarno
Ronald Anthony Sarno's answer
Contributor Level 9

There are certain tax consequences to having multiple LLC's. An owner can have...
Question

Kaiser Wahab
Kaiser Wahab's answer
Contributor Level 6

The state technically does not confer ownership. It confers a right to...
Alan James Brinkmeier
Alan James Brinkmeier's answer
Contributor Level 10

Without seeing the LLC operating agreement, no attorney should make an...
Question

Ronald Anthony Sarno
Ronald Anthony Sarno's answer
Contributor Level 9

This is almost impossible to answer without knowing what type of business you...
Question

Ronald Anthony Sarno
Ronald Anthony Sarno's answer
Contributor Level 9

He cannot sue you personally for LLC debts which you have not personally...
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Robert John Murillo
Robert John Murillo's answer
Contributor Level 7

If you do have funding interested, then you may want to convert to a C-Corp. It...
Ellen A. Victor
Ellen A. Victor's answer
Contributor Level 5

Congratulations on attracting investors. Foreign businesses are not allowed...
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Kaiser Wahab
Kaiser Wahab's answer
Contributor Level 6

You will likely have no difficulty opening the bank account as that presents no...
Ronald Anthony Sarno
Ronald Anthony Sarno's answer
Contributor Level 9

Every bank has its own rules for what credit risk it will take on a user. Some...
Question

L. Maxwell Taylor
L. Maxwell Taylor's answer
Contributor Level 7

She can force you out of the game, but at the end of the day she is going to...

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