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Recent Limited Partnership questions

In terms of liability (not tax). What are the differences

Hi ,In terms of liability (not tax) . What are the differences between LLC, LLC and PC. In my specific example there are two partners/members/shareholders.For example: issues such as liability for the other partners, type of protection (debt, mal practice , neglagece), etc.

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DrakeLAW

Juris Doctorate

544 satisfied customers
Am I going to be charged questions? I have a nonprofit

Am I going to be charged for the questions?I have a nonprofit science workshop running for the last 10 years. I charge the students to cover the materials and the space a pay the teachers help. The income is below 50000.Expenses are higher . I substitute some money'sNow I am into 74 years getting tired. The program is useful for kids ranging from 1-12.Some commercial people are asking me to have a partnership with themWhat does it mean.?should I proceed or not.reasons to proceed is if some money's come from partnerships ,I can hire a manager to continue the science workshop.My workshop web is www. Irvingartofscience.org

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Asad Rahman

Attorney

J.D.

2,806 satisfied customers
Dwayne, You have helped me before. I am the inventor of a

Hello Dwayne, You have helped me before. I am the inventor of a new disposable bread bag closing device. My question today is:My business is an LLC, which was formed in Minnesota, but I have relocated to Connecticut. I have read online about the options to move my LLC to a new state, but I am not sure which is best. My company is still in start up phase and I have not done any sales yet. Would it be better to dissolve my current LLC and establish a new one in CT? If I follow this route, would it be wise to consider establishing another type of entity? I have thought that an S-Corporation would be wise in order to avoid double taxation and also because I want my wife to have shares, and perhaps have other partners in the future.

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Dwayne B.

Juris Doctor

35,320 satisfied customers
Good morning, are you really there? JA: No. I'm the

Good morning, are you really there?JA: No. I'm the Accountant's Assistant.Customer: a computer then?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I want to trade as a hobby, what is the best approach? An LLC?JA: Is there anything else important you think the Accountant should know?Customer: I live in TexasJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and then connect you two.

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Christopher B, Esq.

Attorney

Juris Doctor

5,004 satisfied customers
Myself and two other partners are planning on starting

Hi,Myself and two other partners are planning on starting a business in the US (an online business). The three of us are not located in the US but we have someone who lives there who will be running the show in that region.Our headquarters are in the UK and I would like to know which company type would work for us as we do not want any of the partners to have to physically go to the US. We want the person we are employing in the US to do all the work and establish the company and opening our bank account. That employee will have the power of attorney as well.But he will not be a shareholder but rather the general manager or director of the US branch.Which company type would work best for us?LLCsLimited partnershipLimited Liability PartnershipThank you

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CalAttorney2

Attorney

Doctoral Degree

19,444 satisfied customers
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

Doctoral Degree

46,654 satisfied customers
What are the timelines of a Complaint to an individual and

What are the timelines for delivery of a Complaint to an individual and Corporation according to the Colorado Rules of Civil Procedure? I am asking because in one place it states 20 days for a corporation to be served and then another place it states 60 days for an employee or agency... "For Richard-Bizlaw only"

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Richard - Bizlaw

Juris Doctor

9,616 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

1,040 satisfied customers
I am starting a company. I have 10 people that are investing

I am starting a company. I have 10 people that are investing $10,000 each. As a group, they will own 40% of the company. How do I structure that? Would it be a Limited Partnership? Or, would I be setting up a separate entity that, in turn, would own 40% of my company?Dave

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Richard - Bizlaw

Juris Doctor

9,616 satisfied customers
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