Archived
Can non-operating members of a suspended CA LLC be held liable for unauthorized debts of an operator/manager?
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Answered on May 14, 2020
Your question is a good one. Unfortunately it is difficult to give a complete and accurate statement because factual information is missing. You've...
My significant other's mother has a revocable trust and he is the sole successor trustee. Why can't he get a real estate loan?
Stephen's answer
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Answered on May 06, 2020
Great question. I have had at least a dozen clients in the same situation. The lenders won't answer the question. Only thing we can figure is that...
I’m the trustee successor of a living trust, would like to know how much time you have to transfer the real estate assets
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Answered on May 03, 2020
Your question leaves a lot of factual information out, so it is difficult to answer. For example, you state properties are involved suggesting...
Starting a vineyard on our property-S corp or LLC?
Stephen's answer
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Answered on May 01, 2020
I agree with attorney Koslyn. Any of us at AVVO business section can create an LLC or an S corp. An S corp by the way is useful if the business...
What is the difference, pros/cons, of setting up a revocable trust vs. an irrevocable trust for the purpose of estate planning?
Stephen's answer
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Answered on April 24, 2020
I agree with attorney Gaffney, and would add that a lot depends on the nature of the assets in your estate. I didn't see anything in your question...
Archived
What is the easiest/cheapest way to create an LLC to service a California client?
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Answered on April 23, 2020
With all due respect, cheaper is not necessarily better. Why would only want the LLC for one project? Maybe there will be other future projects. At...
Archived
Should I start a company in the US?
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Answered on April 18, 2020
You are asking a lot of questions all centered around whether to form a company in the US. I agree with attorney Koslyn that a tax accountant...
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Can I open a new LLC in California while I have a 'Suspended' LLC pending dissolution.
Stephen's answer
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Answered on April 09, 2020
Very interesting question. I am going through this very same scenario with another client right now. Although I have handled no prior fact patterns...
Is it possible to pause a California LLC for a year?
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Answered on March 31, 2020
In concert with Attorney Koslyn's response, you can call the Calif. Franchise Tax Board and speak to the horses mouth, to determine whether they...
I lost my original california living trust. Should I 'restate' it or 'redate' it?
Stephen's answer
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Answered on March 26, 2020
You know, to be totally safe, I would have a new original prepared and then sign and notarize. If you want to make any changes now is your...
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