Archived
If I have a corporation in Texas and I plan on receiving venture funding should I incorporate in Deleware?
Larry's answer
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Answered on February 18, 2010
I agree with the previous answer. There is no economic reason to reincorporate in Delaware just because you are receiving venture funding. Not...
Archived
Llc registration with a foreign partner
Larry's answer
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Answered on February 18, 2010
There are advantages and disadvantages to registering in Delaware, Texas, Nevada and any other state. However, unless you will have a business...
Archived
What is the procedure for adding a a member to a LLC in RI
Larry's answer
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Answered on February 18, 2010
Short answer: review the terms of the Articles of Formation and the Company Agreement. Either or both may have provisions dealing with is...
LLC Partner takes draws without other partners consent
Larry's answer
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Answered on February 17, 2010
There are a number of issues in your question that require clarification before I can give you a good answer. Generally, the rights of the members...
Archived
Im trying to start a business but I'm having a hard time figuring out if i should start a Sole Proprietorship or an LLC? Advice?
Larry's answer
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Answered on February 17, 2010
I agree with the prior answer: the main difference is that an LLC provides the owners with limited liaiblity for most claims arising from the...
Does the state in which I register my LLC matter?
Larry's answer
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Answered on February 17, 2010
I agree with the previous answers for the most part but want to add a couple of points. There are certain advantages to registering in certain...
Archived
Is it proper to hold annual shareholders meeting on a Saturday or Sunday
Larry's answer
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Answered on February 15, 2010
An interesting question. It's clear that Saturday is not a legal holiday. However, an old California case says that a "legal holiday" is a day...
Archived
I work for an LLC and we are thinking of closing and opening under a new name.
Larry's answer
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Answered on February 15, 2010
You don't mention what kind of debts you are referring to. It is common for the successor business (or at least any assets transferred from the...
Archived
Can an employer force an employee to quit voluntarily because of a relationship with another employee?
Larry's answer
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Answered on February 11, 2010
Texas is an employment at will state and an employer may terminate an employee "for any reason or for no reason". There are some limitations to...
Archived
Wrongful termination
Larry's answer
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Answered on February 04, 2010
Texas is an "at will" employment state. Subject to contract rights, an employer may terminate an employee for any reason or for no reason and is...
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