What you "must" do and what you "should" do are two different things. For an LLC, what you must do is determined by the terms of your...

15 months in the llc and my partner wants me to buy her out how do i know what a fair price is?

Your LLC operating agreement, if you have one, may specify a methodology for determining the value of your partner's interest. If you don't have...

What are the main differences in setting up an LLC and setting up an LLC with the designation to be taxed as an S-Corp?

Nice wages! I divide this question into two parts: (1) what type of entity works best under your circumstance, and (2) what set of tax rules...

Not likely. One owner can't typically oust the other, at least not without an agreement or a court order dissolving the entity for good cause...

My business is incorporated in NY State and In Liberia W. Africa. The name is being used in another state. Do I have a case?

There is a meaningful difference between having a protected trademark on the one hand and a name for your business on the other. Every state hands...

Keeping a llc potected and seperate?

I would recommend that you not "intertwine" your business and personal expenses, so that your LLC is treated as an entity separate and apart from...

Does the issuance of shares to the founders of an S corp generate any tax liability? If so, how can the tax be minimized?

The issuance of shares to a founder of any company would generate taxable income only if the founder paid less than fair market value for the...

What is an 83(b) election with the IRS? How is it made and what are the implications of electing/ not electing it?

Many startup companies issue stock to founders and key employees subject to a "vesting" restriction, meaning the company will have a right to...

Is there any typical minimum amount that founders must invest at the beginning of a corporation?

I agree with the other attorney and write separately only to emphasize one point: while there is no "magic" minimum amount to capitalize a...

LLC registered in Delaware, business in IL. File annual report in IL? Registered agent in IL?

In Washington, where I practice, and every other state in which I'm familiar, a company organized in a different state normally must register as a...