You evidently have a shareholders agreement or other investor rights agreement if you control 50% of the voting rights but only 45% of the...

Can a LLC where my wife and I are members of have it pay life insurance premiums as a expense to the LLC?

I agree with Mr. Totman. That means the LLC would be the beneficiary and, paired with a repurchase requirement on death, would enable the LLC to...

How do i file a foriegn judgement?

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

There is no legal impediment to your proposed structure. The multi-tiered organization will require additional reports, annual fees, and registered...

Can foreigners be registered directors of a non profit in Illinois?

From an entity standpoint, a director need not be a resident of IL or any other State unless the articles of incorporation or bylaws so prescribe....

How do you go about shutting down a small landscaping business. It is an LLC. Someone told me I have to call the Sec. of State

To dissolve and terminate the existence of an LLC, the members or managers need to authorize its dissolution and winding up. The necessary...

You seem confused about the differences between an LLC and a limited partnership. Unlike an LP, none of the members of an LLC are personally liable...

I agree with my esteemed colleagues. To avoid inheriting liabilities, you could purchase the assets of the Seller, including its trade names and...

Clarity on a UCC?

Thank you for the additional information, but the answer is the same - a UCC is a public filing that notifies the world that a creditor has a...

What am I looking at (time, probation, fines)?

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