I'm looking to start an LLC in Wyoming that operates in Georgia. Do I need a registered agent in both states?
Glenn's answer
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Answered on January 11, 2024
Yes, the company will need to register in every state in which it does business and will need a registered agent in each state. There is likely...
How to add a spouse as an equal partner to an LLC taxed as an S-Corp in Georgia? What steps need to be follow for state and fed?
Glenn's answer
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Answered on December 18, 2023
Generally, you will just need to issue her a 50% membership interest in the LLC and update the operate agreement to reflect this. Unless you...
Buyout the partner without being taken advantage
Glenn's answer
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Answered on December 18, 2023
Without an agreement to the contrary, you are not obligated to purchase his membership interest in the company at all or for any particular amount,...
I loaned someone $16,582.00 we live in Georgia. He signed a promise to pay in full by June 30, 2023. He refused to pay me back.
Glenn's answer
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Answered on October 27, 2023
The maximum claim limit in magistrate (small claims) court is $15,000.00. If higher than this, you would need to file in either state or superior...
Can I start my business as a sole proprietorship without having EIN in my hand?
Glenn's answer
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Answered on October 18, 2023
Generally, entities taxed as a sole proprietorship are not required to obtain a federal tax ID unless you have employees. And because a single...
Is an LLC operating agreement a binding legal contract if the entity was never formed and assets were acquired?
Glenn's answer
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Answered on October 06, 2023
If the LLC was never formed, then the business relationship would likely be deemed to be a general partnership, and Georgia's Uniform Partnership...
Can I use my fiancé’s address for my business address, if he already has his business address attached to his place? I
Glenn's answer
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Answered on October 03, 2023
Assuming there would be no zoning or other local regulation issues, you can use his address.
We have a rental home. We want to start an LLC and put the house as property of it. How do we change the ownership to the LLC?
Glenn's answer
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Answered on October 02, 2023
You would transfer the property via a quitclaim deed from yourselves to the LLC and record the deed with the local court. However, your loan...
My husbsnd and l rented a building for our business. I didn't sign the lease, but he did, am l responsible for the rent if he d?
Glenn's answer
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Answered on August 30, 2023
Generally, the tenant will be solely responsible for the rent unless a person signs a personal guaranty.
Does me renewing a new contract with the same stipulations void the previous agreement terms? Does the prior contract still appl
Glenn's answer
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Answered on August 04, 2023
It is all one contract, not an old one and a new one. The original term was simply renewed. As such, it depends on the terms of the agreement. ...
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