Archived
Best solution for small business that have independent contractors like barber shops an salons. should they be an LLC?
James's answer
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Answered on September 18, 2018
The issue of whether the workers are employees or independent contractors is not affected by whether the salon or shop is owned and operated by a...
I want to form an LLC with my sisters but we all live in different states, how should we go about this?
James's answer
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Answered on September 18, 2018
You should form the LLC in Florida, where the properties will be located. Depending on the number of properties, you might consider forming...
Archived
Can a non owner be a manager in llc?
Also do I, have to list my name in article papers since i am just passive?
James's answer
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Answered on September 18, 2018
A Manager need not be a Member (owner). The Articles need include the name and business address only of the Managers and any Members having the...
Archived
Where should I register my LLC for my out-of-state vacation home?
James's answer
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Answered on September 18, 2018
You should form the LLC in Michigan, the site of the LLC's operations.
Archived
Can 2 people open separate businesses in the same 'home-based business' house?
James's answer
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Answered on September 18, 2018
Yes, there is no restriction imposed on the number of businesses that may operate out of one location, except to the extent they contravene a...
Archived
Is it a bad idea to form an LLC in Colorado or Arizona when I plan on living/working in NY?
James's answer
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Answered on September 18, 2018
When you move, you will need to qualify the LLC to do business in the new State, which will double your costs and reporting obligations. Depending...
How does one prove that an agreement was signed under duress?
James's answer
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Answered on September 18, 2018
I agree that this does not sound like duress. Simply pressuring your friend to sign the document quickly does not equate to forcing him to do...
Does a multi member LLC need an EIN?
James's answer
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Answered on September 18, 2018
Yes, the LLC needs its own EIN. Aside from tax reporting purposes, it will need the EIN to open its own separate bank accounts.
Archived
What legal checks are available to shareholders of an S-Corporation against the board of directors, besides a vote to remove?
James's answer
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Answered on September 18, 2018
As to whether the loan was properly authorized will require a review of the corporation's organizational documents (certificate of incorporation,...
Archived
Can I register a company without physical location ?
James's answer
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Answered on September 18, 2018
Yes, your home address will suffice as a physical address for the LLC.