Archived
I am a business owner, another company wants to pay me a sum of money to not do business in that companys area is this legal
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Answered on September 21, 2018
Not sure. If you are the only 2 companies doing that type of business in the area, that could have some potential legal concerns...
Archived
Do I need to open a separate LLC in a new state where my investment property/Airbnb will be located?
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Answered on September 05, 2018
Why would you want to mix the two businesses? If one goes under, it could drag the other down as well. Plus if you go to sell one of the...
Archived
LLC to protect personal assets for physicians ?
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Answered on August 15, 2018
Generally, you are always responsible for your own negligence. So if he or you were to negligently perform work, you would still have personal...
How to add an Officer to an existing sole member LLC?
Markus's answer
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Answered on June 29, 2018
If she isn't getting ownership, usually not much needs to change. Either a statement of authority with the state, change it at annual report time,...
Can i register for an LLC for a name that was previously involuntarily dissolved? My company is not connected in any way
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Answered on April 27, 2018
Technically the name should be available and the Secretary of State would issue it to you. However whether someone else has rights to that name...
Is it risky to review NDA and Fee Agreement while being an Intern with no background in law?
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Answered on March 07, 2018
You are always personally responsible for your own negligence. Employees can generally review contracts on behalf of employers without engaging in...
Can I form a series LLC for businesses that are unrelated?
Markus's answer
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Answered on February 06, 2018
I generally advise clients to avoid Series LLC's. Note the filing fees for LLCs just went down to $75 per year. It would be an extra cost in filing...
Archived
Is it a problem to start a new single person LLC if previous one Involuntarily Dissolved in Illinois?
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Answered on January 19, 2018
If using the prior, name generally you should reinstate to continue the limited liability protection. Note name availability is limited for a...
Archived
Where should I put for Governing Law Jurisdiction for post-incorporation documents?
Markus's answer
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Answered on October 17, 2017
Generally, most Illinois clients want Illinois law to control as they keep up with that more than other states and there is a good reason for it to...
How should I register my out-of-state professional corporation to do business in Illinois?
Markus's answer
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Answered on October 01, 2017
Simple, just go to the secretary of state's website at cyberdriveillinois.com, look at business services and get the form 13.15...
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