I just started a small business corporation. It is a really low-profit business. Do i really need to have shareholders?

You can be the sole shareholder. It appears that you could use some counseling on compliance with corporate formalities, lest you find yourself...

How to divide digital assets

Contributions to the partnership belong to the partnership. At the time of dissolution, the partners need to agree about how assets are...

I am a insurance agent who represents New York Life Ins Co. They had a performance based bonus campaign

You can file a wage claim - please see the link below. Disclaimer: This post does not constitute legal advice and does not establish an...

How many members in LLC

Minimum = 1. The Corporations Code does not specify a maximum number of members. I suspect that the effective maximum number is likely to be...

50% Managing Partner is withdrawing from LLC. Other Partner refuses to accept and sign the dissolution of the partnership.

It appears that you are mixing two different things: Withdrawal of a member from the LLC, and dissolution of the LLC. The LLC's operating...

Locked out of office i am 50% shareholder and vice pres and secretary what can i do

Perhaps it's a sign of the times, but in the past several months, I have worked with a number of clients in similar situations. I'm sorry that you...

Am i porsonally responsible for my corporation's debt which went out business. can the vedor file any legal action against me?

I agree with Ms. Koslyn. The post at the link below addresses your core question (absent an "alter ego" situation, you personal liability would be...

When I looked into this issue, I came up with a different answer than my colleagues. One becomes a member of an LLC by entering into the...

How exactly is a LLC taxed in california under the laws if it is a single or multi member LLC

The second paragraph of the post at the link below summarizes default tax treatment for an LLC and how that default treatment can be...

My client is unable to pay us for printing their shirts...legally, can we use their design to recover our cost?

To answer this question properly, a lawyer would need much more information about your client, the designs, your agreement with the client,...