There is generally no need for a private foundation to have any directors who are United States citizens or residents. However, a private...

4. Are newly-formed LLCs in the states of NY and CT tax exempt for the first 3 years?

1. To form an LLC, all you need to do is file the LLC Articles of Organization with the NY Dep't of State's Division of Corporations. A form...

What are the tax implications of not authorizing shares in our Certificate of Formation? When will must begin doing this?

LLCs by default are equivalent to Partnerships. You can define portions of LLC membership interests in your Limited Liability Company Agreement....

How many shares should I authorize and issue to keep the taxes to a minimum as we are cash poor for now?

Congrats on starting up! Taxes due to share issuance are generally "franchise taxes" and depend on the individual laws of the states of...

How do I protect my business that I worked so hard to build

There are several ways you can protect your business. Some suggestions include running it through a limited liability business entity such as a...

Can a UK non-profit and a US LLC conduct business simultaneously??

A US business can certainly interact with a UK nonprofit under US law; you might also want to consult with a UK solicitor to ensure that the...

Can I be re-employed after suing ex-employer (financial services firm) ?

1. There isn't a definite answer. Generally speaking, you can be rehired, but ultimately it depends on your competition and your perceived value to...

Is there a type of company or organization that has a payment structure similar to a sole proprietorship?

One option would be to form what is known as a "Series LLC". For example, in a Delaware Series LLC, each LLC member can be "associated" to a...

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Is it possible to obtain the "Final Award" document by an arbitrator against a 501(c)3?

It is possible, but it depends on the arbitral body's rules, the laws of the country or state where the arbitration occurred, the governing laws of...

Non-export agreements often include the following terms: 1. Affirmation that car is for buyer's own use, and that buyer does not plan to transfer...