Archived
Re: LLC shares, How would a current LLC in single ownership become a two ownership LLC with unequal shares.
John's answer
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Answered on December 30, 2014
There are two ways your son can obtain ownership. You can sell him some of your 100% ownership, or the LLC can issue additional ownership to him,...
Archived
I & one co-founder set up a C-Corp 1 yr ago. We began fte/pay a couple months ago. Whats legal start date?
John's answer
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Answered on October 07, 2014
Set your hiring date to the date you started working for pay that complied with the MA wage & hour laws. Do not backdate, do not pay yourselves...
Archived
How can I exit of my US company taking all my shares holding & contribute them to the sub company thus becoming its shareholder?
John's answer
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Answered on October 01, 2014
Dissolve and liquidate the US company pursuant to a plan of liquidation in which the US company distributes out its assets (the Finnish company...
Archived
When does my intellectual property belong to the startup?
John's answer
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Answered on August 15, 2014
I love this kind of stuff - smart young tech entrepreneurs go without counsel and never sign any paperwork. Then when the situation changes, no...
Archived
Starting a business
John's answer
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Answered on July 09, 2014
I do this kind of work, and know a lot of other lawyers who also do this kind of work. I am happy to speak with you about your needs and see if I...
Archived
Does a LLC formed in Nevada still need to pay filing fees with Massachusetts? I'm looking to reduce my annual filing fees.
John's answer
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Answered on April 10, 2014
As James wrote, if you are "doing business in" Massachusetts, your Nevada LLC needs to be qualified by registration with MA and pay the fees and...
Archived
Business question
can my uncle and aunt sell their 70 percent of shares in convenience store to me.
one owns 40 and 30.
John's answer
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Answered on April 01, 2014
As the others have answered, it is necessary to look at the Articles of Organization, Bylaws, the other books and records and the stock...
Archived
Can two parter sell their combine shares of 70 percent to third party in convenience store business
John's answer
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Answered on March 24, 2014
Generally, yes you can buy their shares. You need to find out whether there is any agreement among the three owners that restricts their ability...
Archived
Since the president is deceased, who can appoint a new president and remove Treasurer?
John's answer
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Answered on March 17, 2014
The board of directors appoints the officers. Whoever owns the shares elects the board of directors. So if your mother owns all the shares, she...
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Archived
What are the costs and steps in starting a company?
John's answer
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Answered on February 24, 2014
We can do all this work on a fixed fee basis, including answering your questions. I'll need to know more about what you want before quoting a fee....
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