I am planning to open an LLC (treat as S-corp) for my software consulting business.

Either an LLC or S-corporation should suffice for the operation of your consulting business. Both can be well-suited to protect your personal...

Is there an exception to paying amount on Contract for reserved room if had to cancel event.

Sorry about your situation. You're generally bound to the terms of the contracts that you sign. If the agreement allows the hotel to charge...

Can I be sued if I walk away from a LLC ?

You haven't quite provided enough facts to evaluate your situation. You indicated that the LLC did not have an operating agreement, but did you...

Need advice on the best business structure to manage a small community airport.

I agree with my colleagues. For limiting personal liability, either an LLC or corporation should suffice (assuming of course that they are properly...

Can I have an S corporation take out debt at the entity level, or do I take it out as a SH and give a loan to the S corp?

Yes, a corporation can certainly take on a loan at the entity level (thus sparing the shareholders from personal exposure on the note). This is not...

How much fee do I send for LLC-12 (Statement of Information)? Can I pay without a check?

The filing fee for an LLC-12 is $20. Though corporations can file their statements of information online through the CA Secretary of State's...

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Ordinarily it wouldn't matter too much who signs as incorporator, as that person needs not be an intended shareholder, officer, director, etc....

My friend owes me money & he gave me his passport to hold on to until he paid me. now he is threatening 2call police what do i d

There aren't really enough facts here to answer your question. You loaned money to your friend and are holding his passport as collateral. What...

Completing a DBA first before dissolving an LLC?

Yes, you can certainly apply for the DBA prior to dissolving your LLC. With respect to your follow-up question: I firmly believe that a...

My mom currently lives in senior retirement community. She lives in studio apt.and has been living there for 1year independently

You're generally bound to the terms of the contracts that you sign (absent fraud, duress, incapacity, and other limited circumstances). If the...