My friend is starting a LLP in Utah. He's taking out a business loan. If I become a limited partner am I liable for that loan?

Assuming that the structure is done properly, as a limited partner you should have no liabiity. I want to clarify though. The term "limited...

Are you looking to sell your shares to the company or just relinquish them without consideration. Does the company have value? You should have...

Do I ( French citizen ) or my kids ( American students ) have to pay transfer tax if I transfer important amount of $ to them?

You can make a gift to your children of up to $13,000 each per year without concern. Transfer tax usually refers to a tax assessed when real...

Forming my own software consulting company

There are multiple issues raised by your question. First, is an LLC the best business entity. Do not overlook tax advantages of an S corp, though...

The threshold questions is "what are you trying to accomplish?" If you are thinking that you could acquire a shell that has existed for 2-3 years...

What is the best way to protect and remove myself from an alter ego suit in los angeles ca, i"m being dragged to?

This is a summer for alter ego claims--two of my clients are dealing with them now. You need two areas of expertise: (1) someone who really knows...

I own several rental properties in NC that are under my name, should I transfer these properties over to my LLC?

I generally advise clients to create a separate LLC for each property. The member of each LLC could be a single member LLC in which you are the...

I'm leading an EU startup and will have to determine share allocation. Of 15 people involved 8 are core plus me. What is fair?

I do a lot of start up work with both U.S. and foreign companies. Let me see if I can address your questions. I think the Delaware link is a...

How much is my business worth? I need guidance and representation.

I believe you need two resources. First, you need an accountant or other professional skilled and experienced in valuing businesses. As you no...

I live in MA and own a rental house in OH that I would like to set up an LLC for. What state , OH or MA should I set it up in?

Mr. Callahan is correct, that you will need to register a MA LLC in Ohio if it "does business" in Ohio. Owning rental real property will almost...