Hello there, can a Texas based LLC continue to transact or do business if it is in "Forfeited Existence" entity status ?
James's answer
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Answered on May 02, 2022
The term "Forfeited Existence" is self-explanatory. If the LLC's existence has terminated, it will not afford you any limited liability and you...
NAICS CODE and license/permit questions of an LLC to trade Stocks, Options, Forex
James's answer
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Answered on May 02, 2022
That appears to be the correct NAICS Code (523910).You should be fine making your own investment decisions with your own money, but if you're...
Can I use the same DBA name for an LLC when I am ready to switch it over?
James's answer
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Answered on April 19, 2022
I agree with Mr. Shuster that it makes more sense to simply form a new LLC for the new business. You could file a DBA for the old LLC, subject the...
If I changed business names, do I need a new EIN?
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Answered on April 14, 2022
I agree with Mr. Spitz. If the entity changes its name, it's the same entity and does not need a new EIN. If it files a DBA, it is the same entity...
I have a design agency with an LLC formed in Florida, I live in new york. should I transfer it to the state of new york?
James's answer
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Answered on April 13, 2022
If you live and work in New York, you will need to register the LLC to conduct business and will be subject to New York taxation. There appears to...
If an LLC adds me to the corporation on sunbiz as an Authorized Rep just to do clerical work, does that make me an owner?
James's answer
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Answered on April 13, 2022
A registered agent is not a member or owner of an LLC solely by virtue of being named as an agent on Florida's sunbiz site. You would have to...
I bought storage unit that was just boxes of companies stocks and shares and ownership certificates what should I do
James's answer
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Answered on April 13, 2022
It's unclear from your description exactly what you have. If they're just blank form stock certificates, they are worthless. If they are actual...
I own 50% of S Corporation
I dont have any written agreement with my partner
Can i sell my shares without his approval?
James's answer
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Answered on April 12, 2022
According to your facts there is nothing to prevent you from selling your shares to another person. Of course, the market for such shares in a...
Non accredited investors in a private placement.
James's answer
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Answered on April 12, 2022
The maximum number of non-accredited investors in a Rule 506(b) offering is 35. They must be otherwise capable of analyzing the merits and risks of...
What is the Incorporator’s liability?
James's answer
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Answered on April 11, 2022
The Incorporator is not the owner (shareholder) of the corporation and should limit his actions to appointing the initial director of the...