I agree with Mr. Bernard. LLCs are very flexible and are generally set up either according to percentage ownership (where each person just owns a...

I'm going to get 10% net profit and 10% of sale value if sold in future in a start up Business as a Financier and no equity.

This question can't really be answered based on what you have here because we don't even know what kind of company it is. Is it an LLC and the net...

We are creating a shareholder agreement and need some help concerning some wording of dissolution clause.

Change the voting requirement to a higher percentage if you want both shareholders to have to agree. But consider whether you will be bringing any...

Statement of Information - California Corporation

As to the statement of information, you can file online using the name or corporate number of your new corporation. You can get to that site pretty...

Do most people put in the"articles of organization" of their llc if they are member managed or manager managed, or do they

If you are in California, you will usually be using their check the box form. This area must be completed. If you want it to be manager-managed, it...

/Does an LLC or Incorporated company in Calif pay a certain fee annually to the state .

The fees are different for corporations and LLCs. For corporations, you have an $800 minimum franchise tax per year and an annual report needs to...

Does a llc state in their Articles of Organization that if they are manager or member managed? If you do not say you are manager

In California, yes, that is the new law. The default is member-managed. If you want it to be manager-managed, you need a written statement in both...

What do i need to do to open an LLC in California?

Because California has specific laws regarding your articles of organization (LLC-1) and your operating agreement (aka the partnership agreement)...

My corporation is registered in Florida. How do I add a vice president with the power to make company decisions on his own?

If you already have bylaws, they probably provide for the appointment of certain officers, including vice presidents. You do not need and probably...

My dad is selling a car to another person, he wants to know how to make a binding contract to sell the vehicle. is a notarized

The written contact should probably contain release language. I assume your dad wants to sell it "as is," so that language should be included. ...