Archived
If creating a Holding and Operating LLC for a purely online business (no brick//mortar or employees), it can be in any state?
James's answer
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Answered on September 19, 2016
Yes, the LLC can be formed in any State, but you should be aware that the LLC will be required to register in any State in which ts activities rise...
Archived
I can have another LLC registered outside of the NC be a member of a registered in NC company without having to do anything?
James's answer
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Answered on September 19, 2016
Yes, IA and WY LLCs can become members of a NC LLC without qualifying t do business in NC unless the nature of any actions performed by them n NC...
Archived
If a lawyer representing an llc file a claim, on the court date can another lawyer who works for the same firm show in their pla
James's answer
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Answered on September 19, 2016
Assuming the firm is the attorney of record, any authorized attorney from the firm can make the appearance on behalf of the LLC client.
Archived
What are the key steps in changing structure from a stockholding corporation, to a 501(c) entity?
James's answer
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Answered on September 19, 2016
It is doubtful whether the existing for-profit corporation can attain tax-exempt status, but it will require a review of the organizational...
Archived
If getting sued by another party can they touch my corporation assets?
James's answer
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Answered on September 19, 2016
As long as you respect the separate identities of the corporation and the individual (do not commingle assets, sign documents by the appropriate...
Archived
How does a corporate entity get a business account in a US bank without being incorporated in any of the 50 states?
James's answer
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Answered on September 19, 2016
To open a bank account, the corporation will need a tax ID number. To transact business in the US, it will need to qualify to do business here or...
Archived
What does lack of indicia of partnership means
James's answer
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Answered on September 19, 2016
It depends upon the context, but generally means that is insufficient proof of the existence of a partnership. If you have further questions, you...
Archived
I am the president in a 50 50 parnership s corp. (pizzashop) i was gonna open a new store and got it ready but decided i didnt
James's answer
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Answered on September 19, 2016
Whether you have the authority as President is doubtful, but dependent upon the corporation's organizational documents. You should consult with an...
Does my wife need to sign a operating agreement to have percentage in my LLC, or does our marriage already give her half?
James's answer
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Answered on September 17, 2016
Yes, your wife must sign the operating agreement to become a member and, Yes, you can have a 65/35 split, and, No, your wife does not...
Archived
Single-member LLCs can choose to be treated either as a corporation or a "disregarded entity" for tax IRS purpose?
James's answer
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Answered on September 16, 2016
Yes, and that includes applying for S corp. status. You should consult with an experienced Business Attorney about the best classification for your...