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From a legal/IRS position is it unreasonable to start a LLC with 90/10 owner split in 2016 & then adjust to 50/50 in 2017?
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Answered on October 24, 2016
One of the benefits of an LLC is the ability to allocate profits, losses, and distributions among the members. You can accomplish your stated...
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Can your registered agent also be the member listed?
James's answer
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Answered on October 24, 2016
Yes, a member can be the registered agent or simply named as the person holding a specified office with the LLC to whom service of process may be...
What happens to my USA business if my Visa expires and I need to leave the US? Can I still maintain a business here?
James's answer
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Answered on October 24, 2016
You can operate the business from afar and will continue to receive an allocation of LLC profit and loss that will be reported to the IRS and be...
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For NY, can I still collect unemployment if:
James's answer
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Answered on October 24, 2016
You can qualify for NY unemployment as long as you didn't voluntarily leave the job or were fired for job-related misconduct. If you are working...
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I have a NJ LLC with two members, we have no sales yet but one of members wants to voluntarily dissociate.
James's answer
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Answered on October 24, 2016
Yes, absent a contrary provision in the operating agreement, she can transfer her interests to you, which will constitute her dissociation from the...
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Suing business partner for breach of fiduciary duty
James's answer
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Answered on October 24, 2016
Mr. Doland has given you sound advice - you should follow it.
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Can my ex take my business from me with a ten plus year old POA with no end date?
James's answer
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Answered on October 24, 2016
I agree with Mr. Doland. The power of attorney can be provoked by you at any time. Unfortunately, that will not help you with regaining position of...
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I want to create a non disclosure agreement. Do I need to get an attorney to make one? If not where should I go to make one?
James's answer
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Answered on October 24, 2016
Although you could produce your own nondisclosure agreement from one found on the Internet, you would be best protect by utilizing an attorney to...
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The company that I have already sued has now merged with another company. They now have a different name; joining both names.
James's answer
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Answered on October 24, 2016
If the companies merged, your claim against one of the component companies was assumed by the surviving merged company. If you have any questions,...
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I have a Canadian pharmaceutical company called me a couple of times a week. They will not stop.
James's answer
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Answered on October 24, 2016
I am changing the Practice Area so that your question might be answered by Consumer Protection Attorneys.