Archived
What type of documentation should I use when bringing on a new partner to my LLC in the state of Georgia?
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Answered on November 20, 2017
I agree with Mr. Diaz. If the new member will be involved in running the business, you probably need just a short subscription agreement plus an...
Archived
What things do I need to file for closing an LLC that never started business?
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Answered on November 20, 2017
For the FTB, file a final current year tax return (see: https://www.ftb.ca.gov/forms/misc/1038.pdf). For the SOS, file a Certificate of Dissolution...
Archived
What will happen to my common stocks when I leave a ccorp- a Delaware company?
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Answered on November 20, 2017
The shares will be subject to dilution unless you have anti-dilution protection (unusual for an employee). Unless there is a shareholders'...
General buisness starting questions Arkansas?
James's answer
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Answered on November 20, 2017
There is no problem with forming your company before it is ready to commence operations. A single company can conduct two or more separate...
Archived
How do a foreign owner of a US LLC get paid?
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Answered on November 20, 2017
Any payments to you by an LLC would be classified as distributions and could be at regular intervals or whenever you desire. The real questions...
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Archived
Does a partnership have to be approved by the government? Whether approved or not, can a partnership own an S-corporation?
James's answer
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Answered on November 20, 2017
A partnership cannot be a shareholder of an S corporation. However, from your description, you can simply issue the shares to you two individuals,...
Archived
Can two people share a business name and two different services be offered that compliment each other?
James's answer
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Answered on November 20, 2017
You could license the name to your friend's company, but I would not recommend it. You are likely to introduce confusion into the marketplace by...
Do I need a DBA for my abbreviated name?
James's answer
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Answered on November 20, 2017
As I understand your facts, you intend to do business under your own name (not a assumed name). If so, there is no need to file a DBA for the...
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If an LLC is set up to sell skin care products is that a non-professional LLC? Does that change is it is owned by a phyisician?
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Answered on November 20, 2017
I agree with my colleagues that the LLC should not be classified as a professional LLC if it's activity is limited to the sale of skincare...
Archived
In a LCC 50/50 partner relationship can 1 member kick out the other even though its 50/50?
James's answer
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Answered on November 20, 2017
First, you should clarify whether the entity is an LLC, an LLP, a general partnership, or a different form of entity. In addition to the form of...