IF A PARTNERSHIP LLC HAS 4 MEMBERS AND 2 MEMBERS BUY OUT THE OTHER TWO MEMBERS, DOES THAT LLC HAVE TO DISSOLVE ?
James's answer
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Answered on March 09, 2022
I agree with everything Mr. Pennell wrote. Unless the Operating Agreement requires the dissolution of the LLC upon a sale of membership interests,...
In New York State can you verbally withdraw from a general partnership that has been registered with the state?
James's answer
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Answered on March 09, 2022
I believe you may have asked this before. Without a written partnership agreement, a partner may withdraw at any time and that withdrawal dissolves...
Can a Holding Company conduct business under a DBA?
James's answer
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Answered on March 08, 2022
Yes, a holding company could conduct a business independent of holding the equity of its subsidiaries. That is true whether or not it uses a DBA to...
Adding a Trademarks to an LLC?
James's answer
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Answered on March 07, 2022
Yes, once the LLC is organized, you can assign the trademarks to the LLC. You should consult with an experienced Business or Intellectual Property...
Organizer Name on Articles of Corporation
James's answer
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Answered on March 07, 2022
The organizer is not the owner. If the Articles did not identify you as the member or manager, the organizer should have given you an Organizer's...
Can I add a DBA to my current LLC consulting business?
James's answer
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Answered on March 07, 2022
You have two main issues to consider. First, can the LLC change its business? That will depend upon whether its business is limited by its...
How do I remove myself as a partner in a LLP in NJ?
James's answer
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Answered on March 07, 2022
The first and most important place to look about anything related to a partnership is the partnership agreement. It should detail the process by...
What steps do I need to follow to change the name, ownership and NAICS code of two LLCs? (est. 2014, 2021) Read situation, pls.
James's answer
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Answered on March 07, 2022
The publication requirement for an LLC is an outrageous payoff to the newspaper industry, but there is no way around it. If you haven't published,...
I know Single Member LLCs can own a for profit S-Corp in ALABAMA. But can that SMLLC be an Officer/Director of that S-Corp?
James's answer
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Answered on March 04, 2022
Directors and officers of a corporation must be natural persons.
51% owner decided to sell the business. If it’s sold for the amount of his capital investment does that mean I get nothing ?
James's answer
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Answered on March 04, 2022
It's hard to believe that the operating agreement doesn't address the distribution of sale proceeds after a sale of he business assets, but absent...