When you are an owner of a LLC do you have "control" over business documents in your individual capacity?

It depends upon whether the suit involves the LLC or if they have obtained a judgment and are looking to enforce it against your interest in the...

When A corp. moves from CA to Texas, whether it needs re-apply new federal ID? Can it still uses old Tax ID.

You need to keep the CA corporation (just qualify it to do business in TX), or re-domesticate it, or merge it so that it is the surviving...

How should i poroceed with short term rental of my home in Albrightsville PA? Is bussiness lisence needed? What taxes ?

It depends upon how short-term the situation will be. If it's less than a month, you don't want to create a tenancy, and should only grant a...

I have an S Corp. My Chase bank account is about $10,000 in the red. Am I personally responsible? Can I walk away?

It depends upon the terms of the account documents and whether you assumed any personal liability; otherwise, you generally should not be obligated...

What does a hold harmless agreement mean? Can the company come after me for their legal fees?

The specific, complete language is needed to ascertain the meaning, but it likely means you agree to reimburse them for any costs, including legal...

Can a property mortgaged under an LLC be transferred to us personally and LLC be dissolved without refinancing

The language of the financing documents will control, and they surely will not permit a transfer of the building (whether through an LLC...

How do I set up a business succession plan in North Carolina?

Your husband will not be able to own your chiropractic business if you pass away, so it is important that you consult with an experienced Business...

The corporation has to authorize issuance of the shares - by resolution of the Board and, possibly, consent of the shareholders (you). The investor...

How difficult is it to change the registered agent for my non-profit?

To change the registered agent is a simple filing. More importantly, why would the receipt of income by the non-profit dictate a change? And,...

Beside elections, are there corporate decisions that REQUIRE the vote of the shareholders?

I addition to the matters dictated by law, the By-Laws and any shareholders agreements and other investor agreements may grant voting rights as to...