In NY state if I have an LLC and a DBA (Assumed Name) do I need to add both my LLC name & DBA to documents like contracts, etc?
James's answer
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Answered on March 11, 2022
I agree with Mr. Doland. Although the DBA informs people of the identity of the entity doing business under the trade name, you want the limited...
If I dissolve my FL Single person LLC, can I still perform these same business services as Freelance or Sole-Proprietor?
James's answer
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Answered on March 10, 2022
Yes, you can dissolve the LLC and perform services as an individual
How can I secure collateral when selling my business with a deferred note structure?
James's answer
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Answered on March 10, 2022
One way to protect yourself without having to resort to a lawsuit to collect the remaining balance of the sales price is to escrow the equity...
Form needed for a partner to sign over his half of the biz to the other member?
James's answer
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Answered on March 10, 2022
First you must clarify the type of entity you have. You used the term "partner," which implies it's a partnership. If so, although a simple...
Can we receive LLC distributions in ETH?
James's answer
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Answered on March 10, 2022
I agree with the previous answers, but would add that the operating agreement of the LLC should provide that distributions may be paid in ETH and...
How does my spouse remove me as Vice President of his corporation ?
James's answer
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Answered on March 10, 2022
Assuming you observe the formalities and separate identity of the corporation, you should not be liable for the corporation's actions, debts, or...
Open Bussiness in Delaware?
James's answer
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Answered on March 09, 2022
Delaware has business-friendly laws, dedicated business courts, and is relatively low-cost, but that alone may not make up for having to register...
How do I account on financial statements for an ownership interest issued in exchange for services in an Single-Member LLC?
James's answer
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Answered on March 09, 2022
A single-member LLC's default income tax classification is as a disregarded entity. You cannot increase your basis in the LLC by performing...
Looking for lawyer to set up partnership agreement
James's answer
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Answered on March 09, 2022
It's good that you are looking for an attorney to assist you, especially with a fellow member in China. The attorney can help you understand the...
How do I move my sole prop business under the umbrella of an existing LLC that was originally created for another business?
James's answer
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Answered on March 09, 2022
Aside from transferring any necessary licenses, and assuming that the organizational documents of the LLC do not restrict the activities in which...