Yes, a sole person can be the only shareholder, officer and director of an S or C corporation. The same is true of a LLC; a sole person can be the...

What will happen if I sign a stipulation to cancel an arbitration I'm plaintiff and can't afford council or filings fees

We need more information. What you want is a dismissal without prejudice; that means you can still bring the case later if you have sufficient...

Can I sue if I bought fake gold for real gold price

They should take it back. If they do not, I would involve the Illinois Attorney General.

How should I handle a situation with an Illinois currency exchange.

What sort of paperwork did you sign? This might be a matter for the IL Attorney General. Most likely, the first attorney's assessment is probably...

Do we need B/D license?

More facts are needed. For instance, will the RIA be acting with discretion to make trades without consulting the client in advance. I imagine...

Do I legally have to go to deposition in cook county IL if it was mailed to me in regular mail not certified?

Generally, you don't have depositions in court. Are you sure this is not a subpoena to testify at trial? It sounds like it was improperly served....

How I get licensed and bonded

More information is required. With respect to a bond, contact an insurance agent. Licensing is usually a state or local concern. Make sure that you...

Having a business at 13 years old?

Yes, you will need to pay taxes. You can have a business, but contracts that you sign would have to be done by an adult because children lack the...

Can I make a donation to my own LLC?

That seems like it would be more of a capital contribution. However, you may wish to have the LLC borrow the money from you as well. Given the...

Is it better for a small home business (making less than $3000 a year profit) in Illinois to be formed as an LLC or S Corp?

A corporation is cheaper to set up than an LLC in Illinois. Both provide limited liability and no income tax at the entity level. An LLC requires...