Archived
EXAMPLE: LLC private company in TX, why would I want/need/care to set up a FOREIGN LIMITED PARTNERSHIP in another state?
Dana's answer
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Answered on September 28, 2013
There can be countless reasons to set up a limited partnership. For example, such entities frequently have been used for real estate...
Archived
How do my Husband and I get our names off of an LLC that we are in with his brother?
Dana's answer
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Answered on September 28, 2013
I agree with attorney Doland that you need to retain a California business lawyer.
If you own enough of the membership interests, you can...
Archived
Would it be wiser to incorporate as a sole prop. or a single owner llc?
Dana's answer
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Answered on September 28, 2013
I agree with my colleagues.
You should start with an accountant / tax advisor to determine which approach will be most tax-efficient from the...
Archived
What is the best way to be added on to a small business LLC with 2 current members/owners.
Dana's answer
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Answered on September 28, 2013
Attorney Doland provided an excellent answer. I will add the following:
In an LLC, the central document is the Operating Agreement. If a written...
Archived
My employer shut down business and did not provide paycheck due for that pay period and the remaining amount.
Dana's answer
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Answered on September 27, 2013
Although you did not ask a question, my guess is that you would like to know what you can do about being deprived of the pay that you...
Archived
Is it ok to respond to a person who had their attorney write/send a demand letter or should responses be sent to the attorney?
Dana's answer
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Answered on September 27, 2013
It makes the most sense to reply to the person who wrote the letter, i.e., the attorney.
Archived
Is it possible to file for dissolution of a company while it owes money to the state? Is it possible to have those fees waived?
Dana's answer
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Answered on September 27, 2013
I agree with Attorney Merrick:
You are not likely to get a fee reduction merely because your company had no earnings (or for any other reason)....
Can I own a LLC (50% partnership) while I am on a H1B visa?
Dana's answer
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Answered on September 27, 2013
I agree with my colleagues: You may own the 50% interest, but you may not work for the LLC.
Concerning what constitutes work, please see the...
Archived
Do i have to accept payoff from my ins. on my totalled car? Or can I ask for more?
Dana's answer
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Answered on September 27, 2013
Attorney Ashouri provided a good answer.
If you want to ask for more, you need to do research, using objective sources, that shows that the...
In General Partnership how many minimum shares each partner should have to be considered a general partner?
Dana's answer
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Answered on September 27, 2013
Echoing my colleagues' comments:
There is no minimum ownership amount. A 7% owner can be a general partner.
---> But here is the more...
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