I have a general partnership (with some investors) in state
I have a general partnership (with some investors) in state of Pennsylvania filed as an LLC.Could I open a factitious name under this and register that as a restricted professional limited liability company or would I need to create a separate new entity?Can a restricted professional limited liability company have partners that are not professional in it, or is this exclusive to members who hold the professional license?
I'm one of three in a general partnership. Two want out and
I'm one of three in a general partnership. Two want out and I agreed to buy there respective 33-1/3% interest for a fair price. One of my partners believes the business must be dissolved and the assets sold for fair market value. I want to continue business - my partners don't - can we hire a lawyer to draw a contract that exchanges respective interest (including all future liabilities) for cash. Would that be sufficient to separate from my partners?
I own 45% of a company and was acting COO for the past 10
I own 45% of a company and was acting COO for the past 10 months. My business partner (55%) is changing the direct of the company so I am resigning and going to be a 45% silent owner. How do I get paid? And what? We have no operating agreement.. we sell about 1k worth of goods a month.
I am starting a new business and I am unsure what I should
I am starting a new business and I am unsure what I should become..I am a sole proprietor now, we want to become a LLC .Can you help me with the process? And is an LLC what I should become?We are opening a mobile bike shop which will someday be a brick and mortar bike shop.I want to be sure what I should become and how to do it.Thanks
I'm Starting a new retail service/recovery center. We
I'm Starting a new retail service/recovery center. We had 3 partners. Things got bumpy. We're in the process of negotiating out the previous 3rd partner and installing a new 3rd partner. The company assets and liability are split into thirds. The business is nearly turn key. The creation of the business, due dilligence, negotiating with vendors, land lords and in between has been completed. My question relates to future hours obligated to the business. I'd like the new partners to be responsible for all daily operations, management, sales, marketing, human resources-for the duration of the business. Is my want/expectation fair? Thanks for your inputs!!?
A friend and I are starting a business, and are thinking of
A friend and I are starting a business, and are thinking of setting it up as a general partnership. We will be creating and selling art prints, gifts, and decor. It will primarily be online, though we might occasionally go to a local boutique to try to get our works in there. I live in Ausitn, Texas and she lives in California. We were thinking of setting it up with the home office here in Austin. I know that here, all i have to do is file a dba (which I think i can do as a general partnership even with her address in C alifornia, right?) and get a sales tax id. What would we need to file in California? What is the best way to set up our company with us being in different states? WE have a very limited budget so want the most inexpensive way to start it up. Thank you.
I recently started a HVAC company with my husband. We are a
I recently started a HVAC company with my husband. We are a general partnership but we are filing as a joint venture. We live in TN and started our business in Nov. of 2015. What paperwork or numbers do I need to do to become a S Corp? What is the difference in it and general partnership? Do I need a certain amount of capitol to start it?