What can and should I do?

I agree with my colleague. Given that you were willing to just have him take over the LLC, I imagine you want to get rid of it. If this other guy...

Plaintiff and I ran a business together before he sold it to me. He's alleging I should be personally responsible for biz debt?

You may have limited liability as an S Corp shareholder, but if your purchase agreement provided that you would personally assume the liabilities,...

Do I need to register my business if I have formed an LLC and am providing psychological services in Franklin County, Ohio?

States, counties, and cities all have different guidelines for what they require to do business in their jurisdiction. While registering an LLC...

We have a 4member LLC. All of us do not agree with one partner's logic. Is there any option without a dissolution?

LLCs are entities created by contract in the form of your operating agreement. This agreement may have provisions that allow the ouster of a...

How do i get my name off of our bussiness and just leave my boyfriend a 100%owner?

You need to talk to a business or tax attorney about this issue because there are potential tax implications. The first thing you need to consider...

Buy Out - RE: "Injunction" Can a Judge determine the amt. of years for soliciting? My business partner wants to solicit at 6mo?

Because you didn't have any agreement up front with your business partner, you may not have a right to prevent her from soliciting...

Will I be taxed in MO. and TN. with my LLC set up in MO, but operating out of TN.?

That's certainly possible but an accountant or CPA can help answer the tax laws of those states. If you are permanently in Tennessee, I suggest...

Do I need any special permit or license (state, county, and/or local) to legally run my copyrighting LLC in Grand Rapids, MI?

Consulting with a local attorney might be helpful to you. However, apart from registering an LLC, the only thing you typically need is a business...

Can a lease still be enforced if it was signed by a parent LLC but the space is operated by its LLC subsidiary?

Yes, the lease should still be enforceable. Simply having a subsidiary occupy the space does not invalidate a lease. However, depending on the...

It's common for early business owners to pay for business expenses with personal funds or a personal card. You should carefully document all these...