Can I form an LLC with the sole member being an irrevocable trust? If so, how do I apply for an EIN for the LLC?
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Answered on March 14, 2018
Assuming the Trust has the authority to form an LLC and engage in the farming business (which will be ascertained by a review of the Trust...
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Is this a conflict of interest?
James's answer
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Answered on March 14, 2018
It sounds like a conflict of interest. If the attorney has been retained by the company, then he or she should not represent one of its managers,...
What happens if one partner of an llc wants to leave?
James's answer
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Answered on March 14, 2018
As long as the two remaining members of the LLC (including the one who wishes to leave) are agreeable, the withdrawal of one member and...
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What legal contracts or agreements should I get in writing if I borrow money to start a business from a family member?
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Answered on March 14, 2018
There are any number of ways to structure that infusion of cash, but the main options are a loan or an equity investment. If a loan, the IRS will...
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How does a "draw" work in a DBA?
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Answered on March 14, 2018
A DBA is not a legal entity; it is just a filing to notify the world of the persons or entity that do business under an assumed or fictitious name....
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Need help with understanding the loan that I have.
James's answer
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Answered on March 14, 2018
You should review the loan documents with an experienced Business or Debt Settlement Attorney to ascertain whether the late fees and penalties are...
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How can I fix a tax situation with business that failed in 2015
James's answer
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Answered on March 14, 2018
As regards the erroneous Form 941, you can make the correction using Form 941-X. Otherwise, you should review your operating agreement and other...
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Starting a LLC online?
James's answer
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Answered on March 14, 2018
If your question is "How do I start a business?," see :http://sos.oregon.gov/business/Pages/starting-business.aspx or...
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What type of lawyer do I need?
James's answer
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Answered on March 14, 2018
It sounds like you need a Business Litigator, but initially you should consult with an experienced Business Attorney to review all agreements and...
Do homeowners have to "approve" rule changes in HOA's?
James's answer
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Answered on March 14, 2018
I am changing the Practice Area so that your question might be answered by Real Estate Attorneys.