Sale of memberhsip interests Iof an LLC by an Alien Non resident member

Thanks for clarifying. If it's sold by a member, then the cash goes to the member's bank account. The LLC is legally a "person" and can do any...

Lease or sell membership interests by a NRA in a SMLLC

What is “a NRA” and a “SMLLC”? The National Rifle Assn? This sounds like you are selling an investment scheme. Such schemes are tightly regulated...

Patent assignment question:

Loss of the corp’s charter does not destroy its assets; it might be called involuntary dissolution. The assets revert to the shareholders, subject...

An LLC that does business under another name (like any other person) is legally required to file a fictitious business name statement. I see no...

Father in law to retire what is the best way for son to take over com?

One option is a recapitalization if the company is a corporation or can be incorporated. The goal is to provide a steady income stream to the...

I have a 26% shareholder of a business. Can we terminate employment at will

Unless he has an Employment Agmt or you have an unfortunate Employee Handbook that gives him some rights, he is an employee at will and can be...

Can CFO of a private company (owned by public company) be held liable for providing misleading financial information to vendors?

The CFO is an agent of the company which I will assume is an LLC or a corp. I also assume you knew he was an agent, not a principal. Ordinarily...

Can I carry an IRA loss even if I don't withdraw all of the money from the IRA? Can I carry a loss from an investment on stocks?

The owner of traditional IRAs can recognize a loss only when all amounts from all accounts have been distributed and there remains unrecovered...

How do I convert a sole ownership to LLC or S corporation?

Converting it is not hard: You form the entity (LLC or corp) and you contribute the business of the sole proprietorship to the entity by delivery...

I want to open a business in genetic processing for the goverment and other countries what does it intail

I have represented a couple of government contractors in the past. Contracts are governed by the Federal Acquisition Regulation, a complex set of...