Archived
What is better for someone with A rental property, and some raw land .LLC or S corporation. I am about to buy 2nd rental proper
Linscott's answer
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Answered on March 17, 2010
I think you would find little argument among lawyers and accountants that an LLC offers you advantages over a corporation, even an S corporation,...
Archived
LLC Corporation for Real Estate
Linscott's answer
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Answered on March 17, 2010
First of all let's understand an LLC is not a Corp. Corporations are formed under a different Statute, not under the Limited Liability Company...
We have an employee who has seizures at work; how do we reduce company liability?
Linscott's answer
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Answered on March 17, 2010
Don't initiate termination of her employment. You didn't mention the cause of the seizures, but I suspect you know - epilepsy? Another condition?...
Archived
Can F1 visa holder invest in US?
Linscott's answer
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Answered on March 16, 2010
Your question raises an important point about LLCs. Perhaps the closest thing to an LLC legally and tax wise is a corporation which makes an S...
Archived
If an LLC is the benficiary of a Land Trust, are the assets assigned considered assets of the LLC?
Linscott's answer
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Answered on March 16, 2010
Your question doesn't present enough facts. First of all, a "Land Trust" is a legal entity. They only exist in three states, Illinois, Indiana...
Archived
If an LLC is the benficiary of a Land Trust, are the assets assigned considered assets of the LLC?
Linscott's answer
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Answered on March 16, 2010
Your question doesn't present enough facts. First of all, a "Land Trust" is a legal entity. The only exist in three states, Illinois, Indiana and...
Archived
What would the difference be between a single member LLC and a multi-member LLC be for new LLC filings in CA?
Linscott's answer
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Answered on March 13, 2010
One of the previous answers mentions the fact that a Single Member LLC ("SMLLC") is a "Disregarded Entity" for Federal Income Tax purposes. This...
Archived
My husband is in business with his parents. What rights do I have as his wife to look at the books?
Linscott's answer
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Answered on March 12, 2010
I can tell you that in Illinois, where I practice, you would not have the right to look at the corporate books. Our business corporation act,...
Archived
I'm starting a weight-loss support group business. This is not the real name, 'Choose To Lose'. Suppose I can incorporate this
Linscott's answer
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Answered on March 12, 2010
One thing you could consider is trying to do a trade name registration at the Federal level, get a trademark or service mark which will be yours to...
Archived
Are bylaws for a nonprofit car club required?
Linscott's answer
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Answered on March 12, 2010
If your club has bylaws now, check what they say about how you go about amending them. They should tell you whether they are to be amended by the...
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