It is the operating agreement that actually lists the members and their shares, etc. organizers of the llc has nothing to do wi

That is correct. The members of the LLC are the only ones with management, voting, and distribution rights in the LLC. The organizer is merely...

Since an LLC would shield my personal assets from liability, would my business assets be shielded from personal liabilities?

Forming an LLC protects business assets from personal liabilities generally speaking, but you typically have to create the business entities and...

Phillip is right. At the end of the day, law firms are business entities so what they label everyone in the organization can have very different...

Two member LLC, one member is taking money out of cash regester and not reporting it as sales and not reporting the sales tax.

It sounds like you have a member that is misappropriating money from the company which is 1) a tort and 2) a violation of his fiduciary duties to...

Once you got a 'patended business/idea' have a contract how do you negotiate with companies?

As my colleague above said, the best way to protect yourself is to get a lawyer. If I need heart surgery, I go see a surgeon. I don't try to do...

Can a friend who is not in the loan business loan money at shark rates.

While Mr. Pollack's statement of the law is correct, let me give you a little insight on how the criminal process works from the perspective of a...

I have been offered minority shares (15 to 19%) in a corporation by the owner.

The difference is between giving you an equity interest in the company versus giving you a profits interest in the company. An equity interest...

Can a friend who is not in the loan business loan money at shark rates.

In Georgia, the law caps simple interest rates on personal loans over $3K at 5% per month. To my knowledge, this law is being challenged, because...

How to start a non profit agency in galveston county, texas

You need to see a corporate attorney in your area experienced in forming non-profit organizations. While forming the actual corporation is a...

What is the next step if I have an idea for a business . I need a financial backer and before I start telling several prospectiv

A comprehensive NDA (non-disclosure agreement) is a way to protect your ideas. Also, how much do you understand about private equity culture? Are...

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