Well, I own 25% of a LLC so I'm wondering if it would be
well, I own 25% of a LLC so I'm wondering if it would be better to have that 25% owned by a LLC I set up separate to protect other business interests my family is also involved.JA: Can you tell me what state the LLC is registered in?Customer: ArizonaJA: Have you talked to a lawyer yet?Customer: not yet, I was tryinig to do some research first on the best way to go firstJA: Anything else you think the lawyer should know?Customer: I don't believe so maybe just the other business ventures or K1's my family get is mostly through my wife.
What is the best way for me to invest in an 18-month old
What is the best way for me to invest in an 18-month old high-tech LLC start-up company (that is going into round 2 of angel investment funding) while protecting against future dilution of my investment and possible liabilities that go beyond the amount I invest? The initial plan is ownership equity followed by employment a year or two later (currently the llc does not have the budget yet to compensate me). Are their alternative ways that I can defer the compensation while providing them with my professional services, in order to limit my investment risk and personal liability?
I formed a single member LLC in the last year, I'm
I formed a single member LLC in the last year, I'm seventeen. I didn't know what I was doing, and didn't make any money (small net loss). After I formed the LLC I applied and received a EIN number. This was in December 2015, since then i have done nothing with it. What do I need to do to stay out of legal trouble?
I want to set up a business with a friend but have only $5k
I want to set up a business with a friend but have only $5k to invest. Before we even start I want to sample test the business first to see if it has potential to grow. At what point should I get a lawyer or clarify our roles/ intricacies of this business with my friend?
I am very interested to go in to buying and selling real
Good afternoon,I am very interested to go in to buying and selling real estate properties in a short term. I believe the term for that is flipping. I read some information about the legal aspect of these transactions by googling the word. Most comments indicate that there is no legal issue with it. However, I noticed a comment by a person that said that in Washington, there is a legal issue with it. I live in California and I went be rest assured that this is completely legal here. Please advise.
Doug, We have not been served papers but have received a
Hello Doug,We have not been served papers but have received a call from a company claiming to be coming tomorrow for "asset and liability" process. It is my understanding i do not have to allow them to enter the business w/out legal serving. is this correct?
I am starting a business in partnership with a friend who
I am starting a business in partnership with a friend who lives in Florida. It is to market a web application, which my friend is developing.1, Where will it be better to establish this LLC? Texas or Florida.2. Can LLCs business address be a postbox from POSTNET since my home owner association may not allow me to run a business from home. Or thay migh allow sinece I wont be entertaining customers or other people.3. Do we have to specify in the LLC incorporation papers, the partners' names with their percentage ownership right away or can be take care of it later?