Do I need to put up a labor poster if my 1 person LLC is simply for my crypto mining rigs in my garage?
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Answered on December 02, 2021
DOL posters are free from their website. Not needed for sole members and likely not important for protecting you from personal liability in any...
Does an signed proposal for a contractor ever expire?
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Answered on August 04, 2021
Without reviewing the contract, I doubt anyone can give you a definitive answer. A contract has two parties to it. If not signed by both, it may...
Can I change the spelling on my newly formed LLC?
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Answered on July 15, 2021
Yes. File Articles of Amendment form. https://www.cyberdriveillinois.com/departments/business_services/amendments/llc_instructions.html
Make...
Im about to open a new retail store and the landlord asking 10 years lease, I want to know what is the worse case scenario if my
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Answered on April 28, 2021
Most landlords want a personal guaranty. If that is the case here, if the business goes under you are on the hook for 10 years. If you are a small...
Are the articles of organization for an LLC the sole determining factor in whether an LLC is member or manager managed?
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Answered on March 04, 2021
You can check your articles as mentioned. Remember the initial designation can be changed and it sounds like your operating agt provides for...
Can I create an LLC with the same name as a corporation that already exists?
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Answered on February 17, 2021
No, the state won't issue the same name to 2 companies. You could do a statutory conversion as noted or just create an LLC, sell the name to the...
Do i have to pay them back?
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Answered on January 14, 2021
Can't think of why you would need to pay them back legally. In Illinois, you probably don't even have capacity to enter into a contract until you...
I am looking to purchase a rental property in Illinois and I wish to do this through an LLC for the added legal protection.
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Answered on January 04, 2021
As Bradford said, if the company does business in Illinois, it needs to register with the state. So I would usually just recommend setting up an...
Does a Business(Corp) need to be in good standings to file a lawsuit against a person or another business?
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Answered on December 10, 2020
Generally you need to be in good standing with the state to avail yourself of its laws. I am not sure about licensing in the field however. You...
Can i convert an existing s corp to a member llc (part of llc series)?
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Answered on December 03, 2020
Why would you do a Series LLC where if it is not properly run you have statutory liability across all the LLC's as opposed to just setting up...
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