Pennsylvania LLC Legal Advice (19 found)

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Alexander Duie Pyle Latta
Alexander Duie Pyle Latta's answer
Contributor Level 4

What you're describing is a fairly common business arrangement. You may want...
Henry Daniel Lively
Henry Daniel Lively's answer
Contributor Level 7

The other attorneys have given you sound advice. Also note that a single owner...
Question

Robert John Murillo
Robert John Murillo's answer
Contributor Level 7

Generally, assets do not just transfer to an LLC on formation. If you want to...
Alexander Duie Pyle Latta
Alexander Duie Pyle Latta's answer
Contributor Level 4

It does not sound like there will be an automatic transfer. It will probably...
Question

Robert John Murillo
Robert John Murillo's answer
Contributor Level 7

I am not licensed in your state but there are some general questions that...
Question

John M. Kaman
John M. Kaman's answer
Contributor Level 10

Capitalization is the amount of money you and/or other investors put into the...
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Daniel Andrew Pallen
Daniel Andrew Pallen's answer
Contributor Level 5

Far and away the best bet for you is to form an LLC since you are starting out...
Question

Mark Hankins
Mark Hankins' answer
Contributor Level 7

If the LLC has an operating agreement in place, you follow its terms or...
Nathan M. Hull
Nathan M. Hull's answer
Contributor Level 3

The operating agreement for your LLC may have provisions that would trigger a...
Lev Konstantyn Martyniuk
Lev Konstantyn Martyniuk's answer
Contributor Level 5

BY buying the stock of the LLC you would effectively inherit the liabilities...
Question

Christopher L Cauble
Christopher L Cauble's answer
Contributor Level 5

I would look at the wisdom of doing this. What would be the point of...
John David Outtrim
John David Outtrim's answer
Contributor Level 3

Your question raises several important issues. First, a Quit Claim Deed will...
Question

Paula Hopping Adoradio
Paula Hopping Adoradio's answer
Contributor Level 3

I am not admitted in Pennsylvania and so can't give you an answer for your...
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Michael Ian Werner
Michael Ian Werner's answer
Contributor Level 5

To answer your first question, yes, you will have to pay Realty Transfer Tax on...
Question
LLC

Jason Kutulakis
Jason Kutulakis' answer
Contributor Level 5

The attorney that formed your LLC should be able to provide answers and...
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Raymond Daniel Agran's answer
Contributor Level 3

Among the difficulties with your proposed solution is that a C Corp will not be...
Question

W. James Slaughter
W. James Slaughter's answer
Contributor Level 3

If you want to have limited liability protection, then you would need to form a...
Question

Alan James Brinkmeier
Alan James Brinkmeier's answer
Contributor Level 10

Is it a business? Are you going to charge the public? You have liability...
Ryan R Gile
Ryan R Gile's answer
Contributor Level 3

Disclaimer: This answer is provided as a public service and as a general...
Steve Fromm
Steve Fromm's answer
Contributor Level 7

When liability is an issue, it is always prudent to operate as a corporation....

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