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Recent C Corporation questions

I'm thinking about forming a corporation to put my two

Hi Pearl, I'm thinking about forming a corporation to put my two rental properties under it, main purpose of this for college application of my son... such that properties not show up on FAFSA... which type of corporation or LLC should I startJA: Can you tell me what state the LLC is registered in?Customer: CaliforniaJA: Have you talked to a lawyer yet?Customer: not yetJA: Anything else you think the lawyer should know?Customer: thats the only question now, how the company should be set to hide it from FAFSA so I can put my rental properties under the company name

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Ely

Counselor at Law

Juris Doctor

63,706 satisfied customers
We intended to add a partner but never completed updated the

We intended to add a partner but never completed updated the OA. Now there are disagreements about ownership and participation. Is this person considered an owner ?

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Loren

Juris Doctor

36,258 satisfied customers
What are the best ways to form an entity and protect the

What are the best ways to form an entity and protect the assets from liability ? Corporation, S-Corp and which states offer the most protection and best tax basis / rates ?

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Ray

Lawyer

Doctoral Degree

35,148 satisfied customers
I am a international student but I have SSN. I want to ask

I am a international student but I have SSN. I want to ask the process on how to register a small company. I will be needing it because I have to run an online store.what's the process? What's the budget and requirement to register a company?How can I import good from the other country ?I can keep it at my place ?How long the process will take?Plz help me to check all the legal requirements and state that I only need registration because I want to register my brand name and make an online store which will target youth, young students and teenagers.

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Richard

Owner

Doctoral Degree

46,638 satisfied customers
This is a corporate law question. Scenario: C corporation, 2

This is a corporate law question. Scenario: C corporation, 2 shareholders. One is the majority shareholder owning 51 percent of stock. Business has been ongoing for almost 30 years. Shareholders entered into corporation without any sort of Buy/Sell agreement for death or disability. One shareholder is 70 years old (49%) and the other is 66 years old (51%). The 70 year old has had serious health problems for many years and has gradually ceased working over the past 5 years. However still draws his normal salary, bonus and perks, the same as the 66 year old who works the business and keeps it going. The 66 year old offered many years ago to buy the other partner out. He declined. But, at this point, one is working and the other receiving the same benefits. Is the only option to make some sort of offer to the other? Due to age, the 66 year old no longer wishes to buy out the other one.

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

46,274 satisfied customers
I once dealt with a company called Horizons Consulting which

I once dealt with a company called Horizons Consulting which was located in Timber Lake,SD (P.O. Box 436). They were a consolidation loan company which would help you pay off some payday loans. I can't seem to get ahold of them. Their number hasn't been disconnected, but I'll get a recording saying their voicebox is full.(###) ###-####.Occasionally no one will answer or they'll say it's after hours. My husband and I did business with them sometime back (2-3 yrs. ago). It's important that I get in contact with them regarding certain matters. They were represented by a legal firm, but I can't find their information either. I once tried to call them, but no one answered either.I'm wondering if this company went out of business or relocated. I would greatly appreciate it if you could help me find out anything.Linda Borgwald***@******.***210 E. Conron AveDanville,IL 61832(###) ###-####

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Attorney2

Doctoral Degree

6,846 satisfied customers
I live on Tybee Island, GA. I am interested in starting a

I live on Tybee Island, GA. I am interested in starting a charity to increase awareness of alcoholism. Where do I start? I am a businesswoman and entrepreneur, but this is new ground for me. What am I legally required to file? Thanks.

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

106,614 satisfied customers
We have a business registered in the state of California as

We have a business registered in the state of California as a C-Corporation. We also formulated an operation/partnership agreement, that included officer roles, share assignment, bylaws etc. However, this agreement was never signed. (I know, stupid)There are now disputes in the company and we are wondering if this agreement is even valid. One partner need to go away but probably would want something out of the company. Until now, there have been no sales. If the agreement has not been signed, is the partnership even valid?

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CalAttorney2

Attorney

Doctoral Degree

19,430 satisfied customers
Only lawyers can give legal advice, but non-lawyers can provide

Only lawyers can give legal advice, but non-lawyers can provide legal information.There are many non-lawyers with legal training (for example, law school grads who haven't taken the bar) who are not practicing but would welcome an opportunity to make money by providing legal information.How can non-lawyers legally make money by providing legal information? Do they just need to add a disclaimer that they're not providing advice? Do they need to stick to the facts of law and not venture an opinion? Any perspective on this would be helpful.

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Ray

Lawyer

Doctoral Degree

35,148 satisfied customers
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