Archived
I am a single member LLC in NY being taxed as a corporation. The LLC held a real estate property that I used for a different bus
Linscott's answer
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Answered on April 13, 2012
Your single member LLC is a "disregarded entity" in the eyes of the IRS. This means it is not required to file an income tax return at all. You...
Archived
The principal in an LLC that I have an interest in has failed to file financial reports of tax documents. Can he be sued?
Linscott's answer
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Answered on April 12, 2012
I practice in Illinois, so you should check my recommendations with a business lawyer in the state where the LLC is located (North Carolina?) to...
IF I ADD MEMBERS (OFFICERS) TO MY LLC DO I HAVE TO FILE ARTICLES OF AMENDMENT IN THE STATE OF GEORGIA?
Linscott's answer
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Answered on April 12, 2012
Some states, like Illinois where I practice, do require LLCs to report the names and addresses of the persons who are legally authorized to manage...
Military spouse starting an LLC
Linscott's answer
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Answered on April 12, 2012
The first answer you have received to your question contains some good advice.
One additional point should be made: Each state has its own LLC...
Archived
Florida Rental Property under a Family Trust ... How to best protect these assets? Quit Claim Deed or Warranty Deed to LLC?
Linscott's answer
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Answered on April 11, 2012
At first glance it seems like the first answer you got to your questions spent a lot of time telling you to hire a lawyer and get it done right and...
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Archived
In regards to my house, what's best? Last Will and Living trust or Quit Claim deed?
Linscott's answer
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Answered on April 10, 2012
Mr. Quick's answer is a good one. This will be simpler, and more focused on just your question, whereas he has urged you to consider many other...
Archived
Can you collect a debt of a corporate with no asset when assets were sold to another entity?
Linscott's answer
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Answered on April 10, 2012
You didn't mention whether the "other entity" is another company which you either directly own, control or operate? Worse yet, if you told your...
Archived
I'm forming an LLC in Arkansas, I want to allow a minor from Iowa membership status, is this allowed?
Linscott's answer
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Answered on April 10, 2012
Although it may not be a very good idea, there is nothing which prevents you from making a minor a member of your new LLC.
There are...
Archived
Question on the name of a company/ LLC I am looking to create a new LLC and I have a question on the name.
Linscott's answer
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Answered on April 09, 2012
Your questions isn't really about LLCs, its about tradenames, trademarks and what lawyers call "intellectual property."
So names of fictional...
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Archived
How to settle a dispute involving LLC ?
Linscott's answer
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Answered on April 06, 2012
You absolutely have to get a lawyer in the State where the LLC is formed to help you. The amount involved is significant, you've called it your...
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