LLC - What Steps needed for 51% member to remove 49% managing member.

The procedures should be outlined in your operating agreement (OA) which is why having an OA is critical for any newly formed LLC with multiple...

Business law

Answer to number one sometimes depends on what your answer to number two is. In an LLC, you can specially allocate distributions of profits if you...

I think clarifying your industry would help. I'm not sure what 3rd party (sorting for automotive) means. Every business regardless of industry...

Asset protection plans such as Nevis LLCs and Family Limited Partnerships are PROACTIVE measures to insulate your assets from creditors - not...

What's the best way to add owners to a small private C Corporation?

In addition to the two good answers I above, I would ask what is your goal? Do you really want co-owners in the company or simply seeking out more...

Are certificates representing unallocated gold a security requiring registration.

Is this a certificate of ownership that gold investors hold instead of storing the actual gold bullion?

In Canada, can you agree to pay for stock in installments without the agreement constituting a security requiring registration.

As far as registration is concerned in Canada, you're going to need to consult a Canadian attorney in regards to Canadian Securities Law. However,...

Can I sue a business partner who took the product we where selling under our LLC.To another company he started himself ?

Your business partner maybe violating his fiduciary duties of good faith and loyalty to the LLC. You need to consult with your local attorney to...

Does a business partner have the choice to not pay for a buy-out?

Furthermore, I'd like to add that since there is no operating agreement in place reflecting what your capital contributions are to the company...

Does a business partner have the choice to not pay for a buy-out?

Unfortunately, an LLC is like a marriage. Once you partner with someone, you are stuck with them in the business and exiting an LLC can be quite...

Selected as the best answer