2 member LLC and both members are tax residents of different states. What if only 1 member forms it?

Under no circumstances should you waive being a member of the LLC. No matter how much you trust your co member, you are giving up too much if you...

I agree with Mr. Morgan. I think your gut instincts are right. In particular be sure that the defendant does not become the parent because a...

In California, the answer is yes, but why would you want to? Some people fall in love with the name they devised, and love is blind. Hire an ad...

Partner and I bought a property, its in my name, he bought it for son, 6 years later refuses to refinance, to take me off title.

What does your shareholders’ Agmt say about this? Do you have any written Agmt or policy about how the real estate is to be handled? Is the...

May I start an LLC in New York when I'm a resident of Pennsylvania?

Yes, you may form an LLC in NY. The hard Q is whether it can be a 501(c)(3). The tax code says the organization can be a “corporation, and any...

TX. W/C , Employee Paid for long-term disability ins. with benefits package

I’m sorry; I just don’t understand your Q. Some people pay for private long-term disability insurance. If that’s what you have, you should make a...

Times been hard and having lost my job, I've had to rent rooms in my house. Will an llc help or carry high liability insurance?

If times are hard, the last thing you should put your money into is an LLC for your house. Be sure to carry high limit liability insurance.The...

Life insurance for my husband and myself.

Neither is "better." The question is which fits your needs better. The difference that matters to you is the cost. Term insurance gives you the...

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Is any type of purported verbal contract valid if there was no valid "consideration" offered back to me?

Lawyers deal in facts. In simplest terms, lawyers apply the law to the facts. You've given us no facts, just legal conclusions. So I cannot...

Am selling my summer business. Buyer has certain conditions I don't know how to respond to.

Sounds like he’s trying to steal your business. You need two things: 1. A signed binding contract, and 2. A substantial down payment, say 50%...