I agree with the prior attorney that the fact that you are undocumented does not affect the validity of the LLC being formed. The bigger issue...

I am wanting to grant profit sharing rights (not equity) to a group of investors. Can I do that or do I have to give them equity

Both answers above are excellent -- you will need to consider tax consequences as well as securities law considerations. I would like to add just...

I started a corporation last year in Pennsylvania. Are there any minimum legal requirements to maintain the corporation?

Excellent advice from the prior two attorneys. I would just add that if you want to know the bare minimum to keep your corporation in good...

Fiduciary duty of filing meeting minutes

If there are no Bylaws and 50% shareholder vote is possible under the default provisions of the California Corporations code, then you must take...

CA S-Corp 50-50% in voluntary dissolution

I agree with the former attorney on all points she mentioned. In addition, I would add that if your company had Bylaws, often stock Bylaws from...

I failed to apply for Cert of Auth NYS. Been paying sales tax on time using EIN. Can I file for cert now w/o incurring penalty?

The main fact that will help your case is that you have been paying the sales taxes on time. Therefore, if the tax agency is lenient, you should...

What are the tax implications of converting from a C corp to S corp?

Excellent observation above that you need to wait 5 years to make the S election again. I also agree with the comment that the seller must pay the...

From a strictly legal perspective, an inmate has an obligation to file a tax return if their income is above the filing threshold (around $12,000...

What you are referring to is a type of financial arbitrage, which is taxed like ordinary income if the asset is held for a year or less, or capital...

Generally, when you split up a business, it is a taxable event (triggering corporate tax and possibly personal income tax on the shares of the...