Speak to a local business lawyer in more detail about what you and your relatives want to accomplish, beyond the necessarily skeletal facts in your...

It is certainly possible for a nonprofit corporation to own an LLC, just as it is possible for corporations and LLCs to own part or all of equity...

Typically, nonprofit boards would handle a situation like this by convening a special, emergency meeting to discuss the problems you reference,...

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Your equity in the LLCs does not change, although you now have to decide whether to continue these businesses under a new operating agreement with...

At this point, there is no further pleading now that the Answer has been filed, unless the Answer contains a counterclaim against the plaintiff, in...

In both the federal court system and most state court systems, justices are those jurists who sit on the highest court--i.e., the court of last...

Based on what you have briefly outlined, it is likely that serious issues impacting you personally would manifest from this situation. The key...

These are good questions. Service of process, as you have described in your post, appears to be proper under North Carolina Rule of Civil...

It is not so much the number of corporate entities a business owner has, but rather financial practices that can place that owner under the radar...

Good question, but there is no standard time frame; this is entirely negotiable between you and the business/corporate lawyer you hire for...