Is a certificate that states "Authorized to issue Units of Interest" worth the paper it is written on?
Start with a copy of the operating agreement. If you never saw or signed such a document but it now exists, that is cause for concern.
Indialantic, FL
Business Lawyer at Indialantic, FL
Practice Areas: Business, Venture Capital ... +2 more
Start with a copy of the operating agreement. If you never saw or signed such a document but it now exists, that is cause for concern.
There are some good responses here. I suggest you spend some time finding an attorney that specializes in startups and, ideally, Internet startups....
I am assuming this is a Florida LLC. Verbal operating agreements are enforceable in Florida but there are tremendous problems proving what such an...
I'm reading your question to suggest that you might ask your friend for a loan rather than taking them on as a business partner. There are infinite...
Florida does have a corporate income tax. LLCs that do not elect to be treated as corporations and most S Corporations are not subject to the...
There may well be no reason to become a Florida LLC. Depending on your business activities in Florida, you may not even be required to register the...
If your father transferred title before he died and there are no other assets, it sounds like there is no need for any probate administration.
Is the home your primary residence?
Difficult to know without specific circumstances but absent complexities you could probably get this done for less than half that number.
There are some potential benefits, from both a tax and an asset protections standpoint, to operating a business as an S Corp. rather than a single...