From a corporate governance perspective, yes, you appear to have effectively divested your LLC equity interest, and also to have completely...

Usually, there is a written agreement to that end, with a new operating agreement adopted and updated filings with the state, as my colleague,...

If you plan to self-fund the enterprise and have either one owner or a very small number of owners, an LLC is likely your best option, although a...

While I am not sure as to whether a cognizable claim exists here based on the limited information provided, feel free to consult with a...

Based on this transaction alone, no, but keep in mind that maintaining a regular physical presence in another jurisdiction typically does qualify...

If the LLC is a Florida domestic entity, and the operating agreement is governed by Florida law, all subsequent transactional and/or litigation...

Ideally, you would have a tailored operating agreement drafted by a Georgia-licensed business/corporate lawyer, and then set up bank accounts in...

Assuming that by "investment property" you mean real estate, you would need to observe several formalities, including, at the minimum, the...

You can induct the sole proprietor into your LLC as a member, without paying cash, if there is otherwise consideration exchanged for the LLC...

I agree with Attorney Love. While technically, all heirs with an ownership interest in the real estate are liable for property taxes, in reality,...