Questions answered by Snehal B Patil

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Setting up LLC in California for Indian based online service company.

Snehal's answer | Answered on September 21, 2015

Based on my experience representing several clients in the U.S.-India corridor, you may not want to set up an LLC unless there are specific reasons...

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Paid a deposit for wedding 9 months ahead and cancelled the reservation within a month about 8 before the date.

Snehal's answer | Answered on September 21, 2015

If you had a written contract or email correspondence regarding the business terms, it will depend on what that document/correspondence states. ...

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I'm in need of an Operating Agreement for my two-member LLC in the state of Ohio. To be prepared for a consultation (see below)

Snehal's answer | Answered on September 21, 2015

Please work with a OH licensed attorney or someone familiar with those laws. Most operating agreements will contain many standard/similar clauses...

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How do I end an S corp wihen the buyers are paying the s corp monthly (for 60 months) for the purchase?

Snehal's answer | Answered on September 21, 2015

You should retain a business/corporate lawyer who could prepare necessary dissolution paperwork and close out the corporation properly. Most...

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Which entity is best for my business flipping/rehabbing residential houses?

Snehal's answer | Answered on September 21, 2015

Congratulations on starting your own business! You could set it up as an LLC or an corporation (S, preferable) depending on your business plan....

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How can a corrupt board of directors, for a nonprofit athletic team, bee stopped?

Snehal's answer | Answered on September 20, 2015

The answer to your question will depend on the corporate documents that you may have adopted for the non-profit's governance. I suggest you...

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What kind of contract / lawyer do I need?

Snehal's answer | Answered on September 20, 2015

You should consult a corporate lawyer who would be able to guide you on next steps, including what may be considered 'market' regarding what you...

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Should I hire someone and give them 50% of my business' profits?

Snehal's answer | Answered on September 20, 2015

Whether or not it is good deal is a purely business decision depending on your specific facts and circumstances. It will be difficult to make that...

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How can I change Agent for Service of Process name in California Secretary of State site for a dissolved Corporation.

Snehal's answer | Answered on September 19, 2015

I don't think you can change it after the corporation has been dissolved. Nevertheless, you could try calling the CA Secretary of State and ask if...

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Need help setting up a vesting schedule for founders stock in a newly formed startup

Snehal's answer | Answered on September 19, 2015

Each of you will need to sign a 'Restricted Stock Purchase Agreement' that will include, among others, the vesting schedule. You should also look...

Snehal B Patil's Answers (242)

Setting up LLC in California for Indian based online service company.

Paid a deposit for wedding 9 months ahead and cancelled the reservation within a month about 8 before the date.

I'm in need of an Operating Agreement for my two-member LLC in the state of Ohio. To be prepared for a consultation (see below)

How do I end an S corp wihen the buyers are paying the s corp monthly (for 60 months) for the purchase?

Which entity is best for my business flipping/rehabbing residential houses?

How can a corrupt board of directors, for a nonprofit athletic team, bee stopped?

What kind of contract / lawyer do I need?

Should I hire someone and give them 50% of my business' profits?

How can I change Agent for Service of Process name in California Secretary of State site for a dissolved Corporation.

Need help setting up a vesting schedule for founders stock in a newly formed startup