What are helpful language suggestions on amending an LLC operating agreement when inducting a new member?

When you consult with an attorney on this, you should also ask whether your addition of a sham member makes any sense. Some owners believe that...

Can I dissolve a limited liability partnership with a negligent partner?

Generally a limited liability partnership in CA can be formed only by professionals, such as doctors and lawyers. You probably have a limited...

My friend wants to borrow my motorcycle for a couple months. Are there legal papers that he can sign in case anything happens?

Just don't do it! What will you do if . . . he moves to another state and doesn't return it? . . . totals it? . . . hits a pedestrian?

I am 50% owner we were audited, he wont show me his books and keeps on1099 for more then i made. Is this legal?

I’m sorry, but you really need a lawyer. As a 50% owner you have the right to inspect the books and records. That is the first step to...

Can we back out of the sale of our home?

You have two Agmts and two different problems. The first was addressed by Mr. Daymude: The listing Agmt with your broker. He has produced a...

Can a s corporation make you sign non disclosure upon resigning ,when you never signed one, buy my stock with my dividends owed.

Unless he or the corp is under some obligation to buy your shares, such as a Shareholders’ Agmt, he can negotiate whatever legal terms and...

Corp Code Sec 407 expressly provides for fractional shares in a corp. I found no such reference in Chapter 7 on LLCs regarding ownership interest...

Will signing a non-compete restrict my ability to work on the same government contract?

Issues: 1. Is your employer the prime contractor or a subcontractor to the prime? 2. Is its government contract with a “commercial customer” or...

Does a general partnership need to file an FBN statement even though there is a GP agrmt and GP-1 filed?

When I disagree with Mr. Shultz, I am usually wrong, but I will try again. B&P Code Sec 17900 (b)(2) states when a general partnership name is a...

Can a Single-Member (like me) of an LLC file taxes as a Corporation?

Sounds like you are letting the bookkeeping tail wag the corporate dog. As I understand it you want to keep the tax you pay on the LLC separate...