In an LLC partnership, can one member receive all profits and another remain a member but not a profit participant?

You need a partnership agreement the provides for a special allocation to you based upon your agreement with your partner. Partnership law is very...

Is a registered agent necessary or a NV physical/mailing address will suffice?

Yes. You can be your only registered agent if you reside in NV Hope this helps! Law Offices of Phillip M. Smith Jr. Inc. 300 Corporate...

Bylaws of s-corp: can place of meeting be anywhere?

Yes. Meetings of the directors may be held anywhere designated in the notice of meeting, of if not stated in the notice of the meeting, or if not...

Am I on the hook for my wife's past IRS debts?

You are not "liable" technically, but the community assets are liable, unless you 1) do not comingle your income/assets, and have postnup. Good...

One of the corporation owners offers me 5% ownership by issuing 5% of her total shares 30%, what should they & I do?

You can be a shareholder without being an officer or a director in corp. If you are being appointed as an officer there will need to be a board...

Is dissolving an existing c-corp and re-incorporating the only option if none of the corporate formalities have been followed?

No. There are other options. This is a complicated matter because of the elapsed time. You need to retain a corporate/business attorney because...

This question is regarding whether funds received from the UK is taxable as income in USA and California. Here are the details:

Congratulations on your good fortune! Generally speaking gifts are not subject to U.S. income tax. You must file Form 3520, Annual Return to...

Can an LLC exclusively registered in Oregon do business in California without also being required to register as a Cali LLC?

Registration in California requires the payment of a franchise tax for the privilege of doing business in the state, is therefore mandatory....

Can a CA LLC (LLC A) owned 50% by a foreign limited company and 50% by a CA LLC (LLC B) own another LLC (LLC C) ?

No. Sub. S shareholders must be U.S. citizens or residents, and must be natural persons, so corporate shareholders, LLC's, and partnerships are...

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Forming my own software consulting company

If you are doing business in California, you will still be required to register the entity with the State of California even if this is a Nevada...