Notwithstanding my colleague's answer: Yes, your plan is allowed and you may have the 501(c)(3) nonprofit run the business. A nonprofit exempt...

Purchase and Sale Agreement Question

If I understand correctly, you propose to force your company to become noncompliant by not filing docs that are necessary for compliance. You own...

New business name and Domain name

Try to contact the owner of the domain by going to Whois.net. I found: Domain Name: 123ABCD.COM Registrar: ONLINENIC, INC. Whois Server:...

How to invoice for freelance services while on F-1 OPT.

No, just prepare a bill with your true name and contact information and send it. If you are using a different (fictitious) name for your business,...

I am 50/50 partners in an S corp. My partner thinks he has the ability to fire a key employee with out my consent. Does he?

How many directors are authorized by your Bylaws? If three, you may be able to appoint your new manager as the third director and get control of...

I co-signed a promissory note for 650K with a friend in 2004. He then borrowed another 100K a month later and signed a new note

Did you receive anything of value for co-signing or was it just a favor for your friend? If not, and since you received no part of the loan...

Also, if one of the businesses causes injury to a customer, the lawsuit will no doubt name both businesses as defendants, so you should be ready to...

My mortgage broker said the notary was busy now but would sign the deed & other docs later. Would this cause a problem?

This sounds to me like an invitation to fraud. You are required to sign the notary's book listing methods of identification. Did you do that? A...

LLC Filing and dissolvement

Notwithstanding the foregoing statement, dissolution of an LLC requires the vote of only a majority in interest of the members, unless the LLC...

LLC liabilities

Depends on what your operating agreement and Articles of Organization say. If you have no Agreement, and the LLC was formed under California law,...

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