What are my personal Bankruptcy Options when owning a dual member LLC?

Your LLC interest is an asset that must be disclosed in your bankruptcy proceeding. I am changing the Practice Area so that your question might be...

Can managing members of a LLC split profits or are they on a payroll?

First, the designation of a "managing member" is confusing and not recommended as it tends to confuse the separate roles of management and equity...

I need to figure out the best way to start over or to get rid of a sharehold. What is my best option?

Absent an unusual provision in the organizational documents, the Board can fire him as CTO and VP. Unless the shares were issued to him as...

Am I responsible for payment to a collector?

It sounds like IC System purchased the receivable (your account balance) from the electric company. You should contact IC System and asked them for...

Can you use a loan as a capital to get Green Card through investment?

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

If you don't have an office or other physical location in Maryland, then the address of your registered agent or other agent, such as an attorney,...

I do not know of any rulers violated by incorrectly affixing the letters "LLC" after a business name. Actually, it is the opposite of a more common...

Does a private group of individuals who run camp gatherings that is not legally incorporated held liable under corporate law

I have no idea what you quoted language purports to state, but an unincorporated group of persons conducting an enterprise will be personally...

An LLC is ideal for building a structure such as the one you desire, where the managerial control can be separated from the ownership interests....

What's the best business strategy, corporation or LLC, when 2 people are starting a business together to purchase real estate?

Generally speaking, an LLC is better suited for purchasing, operating, and selling real properties, both from an operational standpoint and from an...