My grandmother signed a oil and gas lease for one well and will receive royalty checks. Should she have to sign for the others?
Daniel's answer
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Answered on October 25, 2015
She might not have to sign another lease, but she may have to sign a separate division order for each well. Division orders do not transfer or...
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Tax liens from previous marriage... they're collecting from him, not me. If I buy house with fiance will the liens attach?
Daniel's answer
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Answered on October 24, 2015
Another point - before you get married, ask a tax lawyer about whether you qualify for "innocent spouse" relief. I have not handled one of those...
Operating Agreement and Intellectual Property in a member managed LLC.
Daniel's answer
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Answered on October 24, 2015
I agree basically with all of the answers supplied so far. The opinion of an IP lawyer is critical to determine whether the LLC actually owns an...
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If VCs invest in a startup, will that money become revenue of the company?
Daniel's answer
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Answered on October 24, 2015
You did not state enough information for me to be certain that my answer fits your question, but here it is, anyway. For tax purposes and...
Can a parent LLC which owns a subsidiary LLC be the only managing member of the subsidiary LLC ?
Daniel's answer
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Answered on October 24, 2015
Consider using a series LLC and create a "series" rather than a subsidiary LLC. A number of states (all the big ones, I think) now provide for the...
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If I have a Sole member LLC company in NYC and the LLC company gets sued. Can judgement be collected in my personal bank account
Daniel's answer
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Answered on October 24, 2015
To add or expand one point answered to some degree already, check to make sure that you were not named personally in the lawsuit. May plaintiff's...
Archived
Two biz partners have setup an LLC in WA state. Should we elect to tax as an LLC or partnership?
Daniel's answer
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Answered on October 24, 2015
My personal opinion: there are very, very few reasons that you would want to have your LLC taxed as a corporation (C Corp). Aside from being able...
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Online Startup Legal Issues
Daniel's answer
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Answered on October 24, 2015
I agree with most of the other answers to this question, but want to add a couple of points.
FIRST, you can create a Texas limited liability...
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I am considering using a financial service for funding a C corporation what are the risks?
Daniel's answer
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Answered on October 24, 2015
I rarely advise anyone to use C corporations anymore. In rare cases (such as building a publicly traded company) it might be appropriate to use a...
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Form S corp for tax purpose under LLC
Daniel's answer
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Answered on October 24, 2015
I have a question rather than an answer - Why seek S Corp status? Most of the time, it is much, much better to be organized as an LLC rather than...
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