Am I responsible for my partners action in llc

The answer to your question depends on the law of the State where the LLC is formed (Louisiana?) Here in Illinois, even if you are listed on the...

Dissolving an LLC

My first and strongest recommendation is that you get together with an experienced Texas business attorney and discuss this entire matter. That...

Forming LLC in Massachusetts for family investment office, 3 managers live outside of MA. I live within state.

There are no residency requirements for Managers of an LLC in Massachusets. Look particularly at the definitions section of the act, and the...

Can a current Board member who also owns and sits on the Board for her own company be sued or removed for competing?

The law of the State where the corporation was formed will provide much of the answer to this questions. First of all, Directors can be removed by...

Are there ways of getting around an estranged relative contesting a will, while the testator is still alive?

In part the answer to your question is “it depends.” It depends in part on how much money is involved. Obviously if funds are limited, simpler...

Selected as the best answer

The purchaser of your interest will not AUTOMATICALLY become responsible for you liability. If your bargaining for the sale of your interest, you...

Hi ,

What does your operating agreement say? Do you have a written operating agreement? You need to take that, all the correspondence you have...

Will an llc protect the company from past personal debts?

The answer to your question lies in the Missouri LLC act. In most States, the LLC Act contains language indicating that the "sole remedy" of...

Selected as the best answer

In a FL S corp, can the president (with no existing sharholder agreements whatsoever) be voted out of the corp by treas/cfo & vp

Please consult a Florida business attorney for a definitive answer to your question. Typically officers of the corporation are "at will"...

Can a caregiver get reimbursed from the insurance company after the family member has deceased

I note that you are in Florida. If you were in Illinois, where I practice, the law would be that you are not entitled to payment from any source...