Can a spouse sell a corporation as a power of attorney?

Typically, a power of attorney is inadequate to authorize a third-party to sign a document in lieu of an officer of the Corporation, especially in...

As my colleagues have indicated, it is the operating agreement that controls issues such as decision-making and allocation of profits and losses...

Assuming the purpose clauses of the LLC as stated in its articles of organization or certificate of formation and its operating agreement are broad...

Business attorney questions ?

You appear to be asking this question multiple times in different States, but the answer should remain the same. If it is a general partnership...

I want to convert my Delaware LLC to a S Corp so that I reduce my liability and tax risk as an LLC?

You appear to confuse the concept of an S Corp., which is solely an income tax status and not a form of business organization. Depending upon the...

Who owes who what below ?

Assuming you have an LLC and not a partnership, the allocation of profits between the members will be governed by the operating agreement (which in...

Partnership questions ?

It appears that you and your partner have a general partnership without a written partnership agreement, in which case your agreement to split the...

Typically, investments, including loans and other evidences of indebtedness, are considered securities if the success or failure of the investment...

USE EIN FOR SECOND BUSINESS ?

Because Texas is a community property State, the LLC with your husband can be considered a single-member LLC and thus a disregarded entity for...

Can a corporate veil once pierced, ever be mended?

Veil piercing is a claim that might be asserted by a plaintiff that sues an LLC and seeks to recover damages from the personal assets of the...