Archived
Is it better for a small home business (making less than $3000 a year profit) in Illinois to be formed as an LLC or S Corp?
James's answer
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Answered on November 21, 2016
If you need to form an entity to carry the liability insurance, an LLC would impose the least formality and paperwork burden. For taxes it will be...
Archived
Can I sue a LLC for $9000 that I lend a year ago? I only have the copy of the check.
James's answer
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Answered on November 21, 2016
I agree with my colleagues that your burden will be to establish that the check constituted a loan and that the terms of that loan have been breached.
Archived
Can my business partners forcibly remove me from the LLP because I don't want to expand
James's answer
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Answered on November 21, 2016
It depends upon the language of your operating agreement. From the language you cite, it is unclear what is meant by "detrimental to the business."...
Archived
When a property is being zoned, and the applicant is an LLC with a lawyer listed as the agent of record.
James's answer
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Answered on November 21, 2016
The identity of the members of an LLC often is difficult to ascertain, which is one of the benefits of LLC ownership. You should check the Georgia...
Archived
I'm going to open a coffee shop and I have yet to incorporate my business. Should I register as an LLC or s-corp?
James's answer
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Answered on November 21, 2016
The choice of an LLC or S Corp. is one that should be discussed with an experienced Business Attorney so that he may choose the best option for...
Archived
How do I structure the sale a corporation and website with original authored articles to a purchaser and avoid copyright problem
James's answer
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Answered on November 21, 2016
A sale typically would be structured as a sale of the assets of the Corporation, which in this case would include the website and all content on...
Archived
What assurance can I get that my partner doesn't go to a competitor? He brings the business and I have provided the capital.
James's answer
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Answered on November 21, 2016
Your best bet is to address the issues of withdrawal, confidentiality proprietary information, and non-– competition in the operating agreement for...
Archived
Do I need to pay income tax on online business?
James's answer
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Answered on November 21, 2016
Yes, you are obligated to pay income taxes on the profits generated by the LLC. Those profits will flow through to your individual tax return and...
Archived
What can FLSelf Directed Care4, "Jax" do to make it HIPAA legal to inform our peer Advisory Board when a participant deceases?
James's answer
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Answered on November 21, 2016
I am changing the Practice Area so that your questions might be answered by Health Care Attorneys.
Archived
How can I dispense with investment money in my corporation?
James's answer
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Answered on November 21, 2016
You need to clarify your facts – they are confusing because you appear to be a for-profit business that has received grants to fund at least a...