Please interpret this legalese into plain language.

Assuming (a big fact here) 1 member equals 1 vote then 5 member's does not constitute a quorum....25 out of 49 would constitute a quorum. However,...

Am I liable for losses to LLC properties to other LLC members.

What does your LLC Operating Agreement say as to holding a Manger harmless? It may be under category of right to indemnification and there may be...

Be aware that a deed to property overrides whatever is in a will,,,,it takes priority so only those named in the deed are of concern as to...

I'm trying to sue a previous employer who just lost the franchise back to corporate. Do I continue suit or sue corporate?

Sue both arguing successor liability applies. Then in discovery immediately request a copy of the transfer agreement between franchisee and...

Would not be a piecemeal approach as to your inquiry as the estate in total has to be managed and sold and/or distributed with due consideration of...

Canadian with AZ LLC, no partners, holding IL rentals. How can I restructure for max tax + estate planning benefits?

This is a question that is way beyond this site.....is fact intensive and has income and estate implications as well as cross-border issues. You...

If I had more information about you personally as well as the current business divisions and future strategies, it may be advisable to form a...

I'm getting sued if I do not meet terms for repayment of an investment for a startup LLC from a friend. What are my options?

Not really possible to give a good answer absent reading the investment/loan document to determine if the LLC is solely liable or whether you were...

The articles of incorporation will define the type of shares of stock that define ownership in the corporation. Therefter, the corporate Bylaws...

Holding off Ch. 7. I have new bus. ventures. Would putting my new equity in family trust (w/o control) be any better than LLC

You would be well served by engaging bankruptcy attorney to develop a plan to approach creditors to force/cajole an out of bankruptcy restructuring...