Mr. Jaffe raises excellent questions. This response is intended to amplify and elaborate a bit. Every state has its own statutory definitions of...

Legal Assistance Needed for Setting Up a 501 Tax Free Organization

Yours is a Tax question. It sounds like you want to establish a new charitable entity, which is a subset of nonprofit entities. The IRS has...

Can I operate a business after only filing for an assumed name?

Generally speaking, yes. Without a new legal entity, you are merely operating as a sole proprietorship. If the assumed name includes any of the...

Can I start a new business in A field Related to another business I have investors in?

This is definitely an “it depends” question, and it may turn on whether, by allowing your “investors” to pay suppliers you have taken in debt, or...

What kind of partnership is best suited in this case?

I agree with both Ms. Koslyn and Mr. Schultz, and offer an additional perspective: Percentage ownership may not be the right driver her, or at...

Your question is "How do I remove a name from my LLC?" which suggests that what you want to do is expel someone as a member. While I read your...

In order to be recognized by the IRS as a tax exempt entity, the entity will need to be either a nonprofit corporation or a trust. Think of it...

Assuming that your question is whether a customer can bring a successful breach of contract claim against the owner of a dissolved LLC, the answer...

Your question concerns the conversion of an LLC to a corporation. Any answer turns on whether you are asking about a literal conversion, which is...

An LLC with more than one member is either taxed as a partnership or as a corporation (either a Subchapter C corporation or a Subchapter S...