Section 4-404 of the Uniform Commercial Code provides that "A bank is under no obligation to a customer having a checking account to pay a check,...

Although it's unusual (and ill-advised) to provide for a Board of Directors of an LLC, whether a "Director" can be removed, if at all, is set forth...

Can I have a company domestically registered in a different state then where I live?

If your LLC's activities in AZ rise to the level of doing business, then you must qualify it in AZ. You will be subject to taxation in MN on income...

As a european and resident in Europe, I would like to buy a property in WDC. Should I buy on my personal name or in a LLC?

I agree with my colleagues. You should consult with an experienced Business Attorney to discuss the purpose of the property (investment or...

How do you set business ownership percentage for a newly created business?

To change the percentage of shares owned by the shareholders, the corporation could issue additional shares or redeem some of the outstanding...

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Delaware multimember LLC to single member Tax question

You can file Form 8832 to report the change in classification of the LLC from a partnership to a "disregarded entity." However, first you should...

Am I eligible for UI as a shareholder of a OR Corp, that I was the managing partner of a CA office that closed due lack work?

I am changing the Practice Area so that your question might be answered by Employment Attorneys.

Emergency Meeting of a Washington State Company using RCW bylaws......Can they call a meeting and pass topics we don't agree on?

Your assumption about voting power of shares is incorrect. If there is a quorum (50%), then a vote on matters noticed for that meeting only...

Hi,I am lessor,I leased my car to corp.,who should get a red light ticket,me or corporation,

Hopefully, the terms of your lease impose the obligation on the lessee. You should seek reimbursement from the lessee and review the terms of your...

Can our Partnership agreement be 50/50 if she is putting in the money & I have the experience, will train her, building use?

An experienced Business Attorney can structure the partnership (Or is it an LLC, which would be better for limited liability?) in the way you and...