Financing an LLC or s-corp

This is a question beyond the scope of a forum like this. The short answer is that both routes are feasible and both may be desirable from certain...

I work for a company operating as a LLC. My employer is behind in payroll and is offering to let me "take over" the company.

This is something that you should not do lightheartedly. You will become the owner of the LLC and its liabilities if you simply "take over." If...

Setting up FLP, LLC, LLP

This is a question that is likely beyond a forum such as this. As a general matter, it strongly advised to have each rental property situated in...

How to close LLC in Alabama

You should consult with a local accountant/attorney who may be able to play intermediary. Unfortunately, when closing an LLC, many states can and...

Am I obligated to give an ex-business partner bank information/receipts after the remaining two partners bought his ownership?

Unfortunately, the absence of proper separation agreement complicates your situation. Ultimately, it may be that you may be able to soundly prove...

Is the posibility to lossing NOL when you convert c coparation to s coparation?

One of the reasons that this question may not have been answered yet is that it is really an accounting question that will likely depend on the...

If a restaurant set up as an LLC runs out of money and can't make payroll, does Member have personal liability to the employees?

Generally speaking, the liabilities of the LLC, including payroll should not be the obligation of the principals. However, you may want to consult...

Non-US citizen on an EAD starting an LLC without having any other member

You should consult with a local immigration attorney prior to taking this course of action. The short answer is no. That is because, running and...

You should consult with a local attorney about the exercising the copyright in the photo in order to force your ex to return or destroy them. The...

Can we include our llc debt in personal chapter 7. The llc has no assets.

You will definitely need to consult with a local bankruptcy attorney who will have to analyze the specifics regarding your assets/liabilities and...