Archived
Can we change managers in a multi member llc. in California after the death of a member that occured in 2016?
Dana's answer
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Answered on August 29, 2017
There is no provision of applicable law stating that death of a member terminates a multi-member LLC or its operating agreement.
Furthermore, it...
Archived
How can I determine if it is more convenient to incorporate an LCC in California or in Delaware?
Dana's answer
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Answered on August 29, 2017
As a practical matter, the only reason to form your entity in Delaware would be if (a) you were forming a corporation (rather than LLC) and (b) you...
Do I need to get a roommate agreement notarized?
Dana's answer
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Answered on August 24, 2017
Assuming that your roommate agreement otherwise is legally sufficient, it does *not* need to be notarized to be legally binding.
It would be...
Could I force a corporation to buy myself out of the business as part of my inheritance?
Dana's answer
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Answered on August 23, 2017
You cannot force the corporation to redeem (repurchase) your shares, and you cannot force your sisters (the other shareholders) to buy your...
Archived
Where do I register my web based business?
Dana's answer
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Answered on August 18, 2017
You will need to check the Alameda and S.F. websites to determine each city's business license requirements.
My guess is that each city will...
Archived
Where is the principal place of business for my web based business? It's a LLC and I have Po Box.
Dana's answer
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Answered on August 18, 2017
Based on the limited information provided, it appears most likely that your LLC's principal place of business is either (a) your PO Box, though...
I just found my LLC is FTB suspended. How can I fix that?
Dana's answer
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Answered on August 16, 2017
The Secretary of State's FAQ addresses "Why is my business entity suspended/forfeited and how do I revive it?" at...
Archived
What should be included in partnership agreement? What would be good share division for two of us?
Dana's answer
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Answered on August 14, 2017
Questions about equity allocation in situations that do not have an obvious answer (e.g., capital contributions in different proportions than work...
Archived
Converting a California LLC to a Delaware (or Calif.) C Corporation
Dana's answer
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Answered on August 14, 2017
Before addressing conversion directly, I will note that your desire to "keep the name of the company" probably will not be achievable. A limited...
Archived
I have hired an attorney to make changes to an Llc. He wants to place the Llc. revenue in his trust account.
Why?
Dana's answer
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Answered on August 14, 2017
The attorney's request to place the LLC's revenue into his attorney-client trust account makes sense only if those funds will serve to pay his fees...
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