Do all shareholders of an S corp have to agree to change to a C corp?

A bare majority of the shareholders is adequate enough to effect the change: http://www.irs.gov/pub/irs-pdf/i1120s.pdf Disclaimer: This...

How do I remove myself from a multimember LLC?

I recommend that you enter a simple agreement that contains a clause reflecting your relinquishment of your ownership interest in the LLC and, in...

Is this breach of contract?

Your question is intriguing to me because our country gave up on indentured servitude long ago. You should be able to quit your employment at any...

You may want to file a police report. Many times, however, the police will consider this a "civil" and not a "criminal" matter. I think its both,...

Startup LLC failure to report

If I were in your position, I would examine the prior years' K-1's and call the accountant that prepared them, to check status. It may well be...

Are emails and verbal agreements binding ?

Generally speaking, the "statute of frauds" in most states would make a contract involving the sale of real estate unenforceable unless the...

LLC partners,2, each signed personal guarantee with lender and live in different states. When one partner refuses to repay......

Typically co-guarantors are "jointly and severally" liable for the debt. That means that either one can be held entirely responsible for the...

Transferring the loan?

An asset in which you've granted a security interest in order to obtain a loan cannot be transferred free-and-clear of the lien without first...

Ending a Partnership

One shareholder would buy out the other shareholder's stock in very simple stock purchase agreement that included mutual releases and...

Registering an LLC so manager is anonymous

I agree with Mr. Smith but can say that you might be able to make it a bit more difficult (and costly) by creating a second entity of some kind and...