I have an existing LLC with one partner. We are thinking of adding someone, what is the best way to do this?

I agree with Mr. Frederick. There is one additional factor that I think ought to be taken into consideration. If you and your existing fellow...

Marriage effects on LLC partnership taxation?

No. If you lived in a community property State, like Wisconsin, or one of the States on the West Coast, and got married, the IRS would allow you...

I am the registered agent for an LLC in Kansas City, MO, as well as a 33% member of the same LLC. How do I recuse myself?

The Missouri LLC act provide this about resignation by a registered agent: 6. Any registered agent of a limited liability company may resign as...

I own a construction bussiness and would like to start a race team.

Remember laws vary from State to State, so you should really consult a business attorney in the State where you propose to form your company. ...

Dissolving an LLC in Wyoming; who gets the assets?

You should seek the assistance of a Wyoming LLC attorney in the winding up of your company. Since it isn't long, I'll set forth the provision of...

Would like to add my name to my mother's investment accounts. Is this advisable?

You can be added as a "deputy" to handle transactions on your mother's behalf without becoming an owner. If you do this, it is important that you...

Can I transfer my home and mortgage to a LLC I am goin to create? Would transfering it to my LLC take the mortgage off my credit

You can transfer your home to an LLC. You can transfer the mortgage with the consent of the lender, but otherwise the obligation remains with you....

My father-in-law wants me to have power of attorney for him. He wants me to be able to handle his affairs now & after his death.

If you agree to undertake this representation for your father-in-law, you will be assuming several difficult jobs, with lots of responsibility...

I am 50% owner of an S Corp. Can my 50% ex partner make me pay 50% of her legal fees to dissolve her ownership?

No, you are not responsible for the payment of her fees or a portion of her fees unless you agreed to pay them. I notice you indicate that she...

Selected as the best answer

If I cash out an "inherited IRA," can creditors intercept or seize that payout before it reaches me?

I think your concern is mis-placed. It is unlikely, as you yourself have said, that your creditors will intercept this payment between your...