Archived
In order to collect donations on behalf of a nonprofit, what type of company should I set up? LLC? nonprofit?
Jianping's answer
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Answered on November 02, 2015
What you describe sounds more like a for-profit serving non-profit customers than a non-profit. It is unlikely that you will need to be a...
Archived
How should I request my EIN when I am forming two corporations: one is a sole proprietorship and the other is a Delaware C-Corp?
Jianping's answer
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Answered on November 02, 2015
EIN is something like the Social Security Number of a non-human entity. Each entity can have one EIN like each person can have one SSN.
The IRS...
Archived
What's should I turn my sole proprietorship into an LLC or S corp?
Jianping's answer
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Answered on November 02, 2015
The main reason to have a Corporation or LLC is that they give its owners a huge amount of liability protection. The main concerns are taxation and...
Archived
Do you have the ability to kick my Co-founder out of my company if I have the necessary majority?
Jianping's answer
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Answered on October 31, 2015
If the operating agreement says you can remove him, then, you likely can remove him, but you will need to follow the procedures and terms of the...
Archived
Brokerage account when stay in sibling broker dealer
Jianping's answer
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Answered on October 31, 2015
You can't be bound by the rules of a private company unless you signed a contract with them, are using their services, or are working for them....
What are the requirements for a small corporation to issue electronic shares, instead of share certificates?
Jianping's answer
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Answered on October 30, 2015
The way many companies go about it is by amending the bylaws to allow for uncertificated shares. The board then passes a resolution opting to issue...
Archived
Can a judge appoint ab arbitrator for my lawsuit over riding any objections if the process becomes a problem
Jianping's answer
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Answered on October 30, 2015
Conflict of interest is a huge issue because Arbitration is intended to be a final conflict resolution process. The concern is that if a conflict...
What happens if seller does not sign escrow papers?
Jianping's answer
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Answered on October 30, 2015
Escrow does not affect the validity of the agreement. It is there as a safeguard to make sure the agreement is properly adhered with. If you breach...
Archived
I AM GOING TO START A BUSINESS & WANT TO PROTECT MY IDEAS BEFORE SHARING THEM WITH ANYONE. DO I NEED A LAWYER & WHAT KIND?
Jianping's answer
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Answered on October 30, 2015
Yes, you will need at least one lawyer. Depending on the type of idea you have, it might or might not be patentable. A patent lawyer can help you...
Archived
DO i have a case against my ex business partner?
Jianping's answer
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Answered on October 29, 2015
You likely can do something. In addition to what Mr. Long had mentioned regarding fraud, there is a possibility that your ex partner breached the...
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