Archived
How do I go about setting up an operating agreement for an llc among multiple parties (2-10 legal persons)?
John's answer
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Answered on June 24, 2015
With the amount of investors you will have, I would definitely talk to a New York licensed attorney as there will almost for sure be disagreements...
Archived
Okay so i am getting a private loan from a friend. I don't understand some of the things on agreement.
John's answer
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Answered on June 15, 2015
To answer this question properly, a bit more facts about this situation are necessary. However, on the face of the question, what the loan is...
Archived
In April of this year, I began an LLC with hopes that I could have it qualify for tax exemption by the IRS.
John's answer
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Answered on June 11, 2015
I highly recommend consulting with an attorney in your area as to your specific circumstances as your question is extremely vague - when saying...
Archived
Is this a criminal offense?
John's answer
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Answered on June 11, 2015
Definitely discuss with a lawyer in your area before handing over any of your interest in the company, as well as to the criminal aspect. With the...
Archived
I am suing the defendant for not paying credit card. Should I bring ALL the credit card statements to the small claims court?
John's answer
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Answered on June 11, 2015
The previous answering attorney stated everything very well: (1) yes, bring all of them with you with a copy of each one for the court; and (2) put...
Archived
What is a s corporation?
John's answer
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Answered on June 11, 2015
Corporations formed under Subchapter S (“S-Corporations”) are taxed differently than their C-Corporation counterparts. The term S-Corporation is a...
Archived
Is the $800 franchise tax board fee required for CA LLC that do not earn any income such as a shelf LLC or a startup?
John's answer
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Answered on June 11, 2015
The previous attorneys all have answered well - make sure you pay the $800 or you may run into an issue with the Federal Tax Board suspending your...
Should I dissolve my LLC and start up a new nonprofit or should I convert? I want organization to be tax-exempt with the IRS.
John's answer
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Answered on June 11, 2015
There are a few issues here, the main one being the lack of information. There is a general time limitation on applying to the IRS to apply for...
Archived
I'm being oppressed out of my co-founder position at LLC... what should I do?
John's answer
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Answered on June 11, 2015
As the attorney's that already answered stated, you will need an attorney to review your operating agreement, as the operating agreement lays out...
Archived
How fast can I create an LLC? This would be a basic one person LLC. How many days to push it through the system?
John's answer
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Answered on June 10, 2015
You can push a filing through the secretary of state for the following fees:
4–Hour Filing Service (Class A) - $500.00: Filing response...
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