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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

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Richard

Owner

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Are all small businesses LLCs?

Are all small businesses LLCs?

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Richard

Owner

Doctoral Degree

 
45,896 satisfied customers
What wording should I use, when amending a general partnership

What wording should I use, when amending a general partnership agreement, to include guaranteed payments?

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

 
104,224 satisfied customers
I'm Starting a new retail service/recovery center. We had 3

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!!?

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J. Warren

Attorney

Doctoral Degree

 
3,862 satisfied customers
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.

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KJLLAW

Juris Doctorate

 
720 satisfied customers
I have defaulted in one of my private bank loans, but no

I have defaulted in one of my private bank loans, but no court ordered judgement yet. I am expecting an auto accident settlement in the foreseeable future, and I'm afraid they may put a lien on the settlement or levy my bank account once the funds are deposited. To prevent the bank from taking my money, can I legally direct deposit my funds into someone else's account such as my parents, or instead can I physically deposit the settlement check into my parents account?

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Richard

Owner

Doctoral Degree

 
45,896 satisfied customers
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?

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Richard - Bizlaw

Juris Doctor

 
9,418 satisfied customers
Customer: I am looking template a partner

Customer: I am looking for a template for buying a partner out of a general partnership in California. The partnership was established to buy and build a house. A new partner has agreed to buy out one of the original partners. thanks JA: Thanks. Can you give me any more details about your issue? Customer: The new partner is very busy, so I just need a template and then he will take it to his attorney to review/edit. Here are the details: JA: OK got it. Last thing — Business Lawyers generally expect a deposit of about $18 to help with your type of question (you only pay if satisfied). Now I'm going to take you to a page to place a secure deposit with JustAnswer. Don't worry, this chat is saved. After that, we will finish helping you.

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Richard

Owner

Doctoral Degree

 
45,896 satisfied customers
Two years ago I sold a website for $25,000 AND retained a 10%

Two years ago I sold a website for $25,000 AND retained a 10% ownership. Pertinent parts of the purchase contract:"This purchase agreement is between David {my last name} ("Seller"), a citizen of the United States, and XYZ Investments 2, an Israeli partnership managed by XYZ Media Ltd. ("Buyer")""In the event Buyer sells the acquired assets to a third party Buyer will pay Seller a one time payment equal to 10% of the sale price paid to the Buyer".Recently the buyer contacted me saying a new, "Management team" was taking over but that they were not selling the site. The ownership of the domain recently changed from, "XYZ Investments 2" to "Hagsama XYZ Investments 2 General Partnership" and the ads on the site were changed to a new advertising account.Has the site technically been sold? Am I no longer under contract with them? If any money changed hands, should I be entitled to it?

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