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I own an llc and I own 25% of the company. There's a total of 4 partners. We have 4 retail location that we run independently.
James's answer
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Answered on December 12, 2016
No, you do not own at one of the retail locations, but rather have a 25% interest in the LLC which in turn owns the inventory and other assets at...
Archived
I want to cancel my LLC. Can I get out of paying the mandatory $800?
James's answer
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Answered on December 12, 2016
In addition to Mr. Doland's excellent advice, you should be aware that if you form a new company in another jurisdiction but conduct business in...
Archived
I setup an LLC 4 years ago and cannot pay two business credit cards. Can I declare bankruptcy and not effect personal credit?
James's answer
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Answered on December 12, 2016
As my colleagues indicate, a threshold issue is whether you incurred personal liability for the Company obligations by executing a guarantee....
Archived
What is my legal recourse against the management of an LLC I used to be involved in.
James's answer
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Answered on December 12, 2016
You should contact a Texas Business Attorney to deal with the Texas Railroad Commission and Secretary of State to ensure that you are relieved from...
Archived
How to form an LLC in Texas (a community property state) with my spouse and an unrelated person.
James's answer
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Answered on December 12, 2016
You want to address those issues in the company agreement that should be drafted by an experienced Texas Business Attorney. You need to address...
Archived
Do I get to keep my business of 15 years
James's answer
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Answered on December 12, 2016
This appears to be a question for a Michigan Divorce Attorney rather than a matter of LLC law.
Archived
Can do I deduct LLC start up expenses if the business hasn't generated any profit?
James's answer
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Answered on December 12, 2016
Yes, expenses are deductible even if the business realized a loss. Whether the expenses are deductible or amortizable or capitalized will depend...
Archived
Any Registered Agent services in California that will also act as your business address ?
James's answer
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Answered on December 12, 2016
I agree that local attorneys will be your best bet for setting up such an arrangement.
Archived
How can I get my business documents and financial records from my business partner and move forward with my business without him
James's answer
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Answered on December 12, 2016
You will need to consult with an experienced Business Attorney to enforce your rights to the books and records of the LLC and to protect your...
Archived
In FL can I avoid garnishment by forming LLC and paying myself?
James's answer
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Answered on December 12, 2016
You should consult with an experienced Debt Settlement Attorney, but at least for income tax purposes a member of an LLC is not considered to be an...