There may not be much of a difference, tax-wise, if you are operating your business right now as a sole proprietor, since you still get to deduct...

Theoretically, yes, but in the law, the devil is always in the details. The most accurate answer depends on what, specifically, you two ratified...

I do not think it is a matter of placing an entity in "on hold" status; it is whether to dissolve the entity or to simply keep it active and...

Nonprofit corporations cannot include "investors," although they can be donees or debtors, depending on whether the transaction is a gift or loan. ...

Yes, in the event of prolonged delinquency on property taxes. Counties are statutorily authorized to sue property owners, or foreclose upon their...

I would speak with a local business/corporation lawyer about this, and have him/her guide you as to the appropriate instrument. If your business...

If you hope to move on from this situation without incurring serious liability in your own capacity, some type of buyout needs to take...

Delaware has historically been a popular state for forming LLCs and corporations, mainly because its corporation statutes are designed to be...

You need to consult with a local business litigator fast, as you might have a complex problem on your hands. If your business was previously a...

If your HOA's authorized and duly adopted regulations prohibit this, then the answer would be no. Be well this winter.