Archived
Does New York State law apply to a company based/incorporated in NY if the employee works in Florida regarding Cobra?
James's answer
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Answered on September 04, 2018
Depending on specific facts such as the number of employees in a State, the law of the place of employment (FL), rather than the law of the State...
Archived
Do I need a EIN number for a part time self business
James's answer
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Answered on September 04, 2018
To preserve the limited liability shield that probably was your motivation to conduct the business as an LLC, the LLC should have its own bank...
Archived
Personally filing, starting business anew
James's answer
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Answered on September 04, 2018
If the business name has any value, it should be listed as an asset in the bankruptcy. You cannot take an asset of the bankrupt entity for personal...
Archived
I live in the state of Arizona, I am filing for a S corp where a registered agent is needed, can I be the registered agent ?
James's answer
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Answered on September 04, 2018
Yes, you can act as the statutory agent; it is a ministerial role that ensures that the corporation will receive service of any papers against it.
Archived
WHAT IS THE PROCEDURE TO ADD A MANAGER TO MY SINGLE MEMBER LLC IN THE STATE OF GA?
Do I have to send anything to the state?
James's answer
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Answered on September 04, 2018
To supplement Mr. Lyon thorough answer, I would add only that you should consult with an experienced Business Attorney to consider whether to...
Can an limited liability corporation accept real estate commissions?
James's answer
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Answered on September 04, 2018
To receive commissions, the LLC needs to register as a broker. The LLC would need its own bank account. The member could elect to work under the...
Archived
Registered LLC and co-founder question?
James's answer
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Answered on September 04, 2018
As concerns your relative percentage interests, it is purely a matter of negotiation. Of course, your agreement should be reduced to writing - the...
Archived
LLC buyout wholesale account rights
James's answer
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Answered on September 03, 2018
Yes, you should make it clear that you can solicit the wholesale accounts or you risk starting your new business with a lawsuit. Your attorney...
Archived
How does the Dynamex ruling affect independent contractors working with New York agencies?
James's answer
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Answered on September 03, 2018
The issue of whether a worker is an employee or an independent contractor as been of interest to the IRs, State tax agencies, and labor departments...
Archived
Hi I have a question regarding applying for a S corp for my hospitality business.
James's answer
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Answered on September 03, 2018
You seem confused about business entities. An S Corp. is a tax election and an LLC is a form of entity. LLCs often are the preferred choice for...