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Recent LLC questions

I have a legal question in regards to a debt, Florida, Not

HelloJA: Hello. How can we be of help?Customer: I have a legal question in regards ***** ***** debtJA: What state are you in? It matters because laws vary by location.Customer: FloridaJA: Has anything been filed or reported?Customer: Not yet...JA: Anything else you want the lawyer to know before I connect you?Customer: Yes, what happened is that I was a partner on a LLC in New Mexico, at that time I contracted the services of a company called Incorp to serve as Registered Agents, but later I have sold my shares (around 4 yrs ago), but they are still billing me besides I've not longet anything to do with the Company, but they are trying to held me liable for all the fees incurred all these years since they say that I've had to cancel before leaving the company, or have made the switch under a new responsible party.JA: You just pay a $5 deposit now and the rest only when you get a reply from the Lawyer. All of this is 100% satisfaction guaranteed, so you can get a refund if you're not happy for any reason.Customer: But I don't think this is legal, since this is a Business debt, and since I've sold my shares and I don't have anything to do since then with the business, and if nobody sent in a payment to them anymore, they have to dropped from being a RA and not continuing with a service that is not longer being paid.

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Richard - Bizlaw

Juris Doctor

10,562 satisfied customers
If I am using a DBA name under an llc, can another person

If I am using a DBA name under an llc, can another person file an llc using my dba name? If they do, can i change my dba to an llc later or would this be too late? I don't want to pay to do an llc now, but I also want to make sure i can covert the dba to an llc later with the same name. Thanks!

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Richard - Bizlaw

Juris Doctor

10,562 satisfied customers
I have a quick question. I would like to change my companies

I have a quick question. I would like to change my companies operating agreement to add a new member effective 1/1/2016. Is that possible?JA: What state are you in? It matters because laws vary by location.Customer: TexasJA: Has anything been filed or reported?Customer: The LLC was created and filed in 2015. nothing for 2016 has been filedJA: Anything else you want the lawyer to know before I connect you?Customer: probably not.

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38,836 satisfied customers
If I take the offer of buy out for my shares in llc does

If I take the offer of buy out for my shares in llc does this clear me of all debts future and past if it fails

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Lucy, Esq.

Juris Doctor

31,994 satisfied customers
Loren. A new question sort of on the same topic as

Hi again Loren. A new question sort of on the same topic as yesterday. Your advice has been very useful. Sounds like we can add a clause such as:"All previous gratuitous agreements or contracts before date 1/1/2017 made by the LLC or any of its members or anyone on behalf of the LLC will be rescinded. In particular, the signed agreement by Mark ... to provide financial documents and agree to the encumbrance of xxx in the divorce agreement between xxx and yyy will be rescinded. Especially since the requirement for the signed statement on behalf of the LLC has no bearing on the intent and outcomes of the divorce agreement and was signed two years before the LLC had an opportunity to organize properly after the dissolution of the original LLC (2010) because of no activity."How about also adding just in case:"Any gratuitous contract remaining after above clause asking for financial documents will be required to pay the LLC $15,000 per year."Perhaps another:"All previous agreements or contracts before date 1/1/2017 made by the LLC or any of its members or anyone on behalf of the LLC will be rescinded if they violate our LLC operating agreement or Montana state LLC statute especially in regards ***** ***** financial documents and transfering, withdrawing and selling LLC shares."Loren, please note that the LLC was originally formed in 2010 as a requirement to write a federal SBIR grant. We were unsuccessful so we let the company dissolve from inactivity before reopening in Nov 2012. The divorce agreement was signed under the LLC before this original dissolution. Not sure if this helps.

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Loren

Juris Doctor

40,274 satisfied customers
Are you familiar with social security laws? well i meant as

are you familiar with social security laws?JA: No. I'm the Corporate Lawyer's Assistant.Customer: well i meant as soical security benefitsJA: What state are you in? And have you consulted a local attorney?Customer: PAJA: Has anything been officially filed? If so, what?Customer: nothing has been filed yet. just trying to figure out what's my positionJA: Anything else you want the lawyer to know before I connect you?Customer: nope

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John

Attorney

Doctoral Degree

8,082 satisfied customers
Nevada Law question: I have a friend who is considering

Nevada Law question: I have a friend who is considering opening an LLC in Nevada. I have heard a one man LLC has scant protection in Nevada, as it can be treated as a disregarded entity and creditors can go through the LLC easily and get to the owner, but a two man LLC , even if one owns only 1% is much stronger. Is this true? Can you explain a bit how this works. Is the same true of a one man S corp or C corp. Also, if a person incurs expense to start a business, this must be amortorized over 15 years. But if they start a business on a small scale,they can expand it without amortization and deduct expenses. E.G. A person wants to stat a school. They rent school building, train the staff, buy furniture, computers, etc. etc. do the legal docs etc etc. and then open and amortize this over 15 years. Lets say this is the FAST LEARNER'S ACADEMY. Now, they could have opened up the fast learner's academy in their living room, signed up two students and collected cash, and then done the above and it would pretty much have been all Pt expnse, assuming they qualed for 79 deduction. Is this correct? Is there a limitation on it?

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Richard - Bizlaw

Juris Doctor

10,562 satisfied customers
I have a document which a bank states is a legitimate

I have a document which a bank states is a legitimate assignment of collateral document of a loan for a coop. I find it peculiar in that there is a variety of information that seems to be missing and I question it. I think this is falsified and invalid.I. First there is no assignor address in the first sentence " KNOW ALL MEN BY THESE PRESENTS, that , whose address isII. Second there is no assignee name or address after it states : "transfer and set over unto:"III. Third where it states this ('Assignee') its successors and assigns, whose address is: NO NAME or Address is givenIV. No stock certificate, or certificate number sited laterV. The signatory seems really odd. I looked up Robert. G. Hall and he is related to Bayview but* How is he signing for Empire and or M& T Bank* How do I know that M & T Bank was formerly Empire of America FSB* How can a bank transfer a loan which was already transferred from Empire Savings Bank to RTC, DeutcheBank, and GMAC before Bayview allegedly became owner of it?* Does this seem questionable to you and how can I verify this?I have attached the document for viewing below:

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Richard - Bizlaw

Juris Doctor

10,562 satisfied customers
I'm looking to have a corner store business soon and I would

I'm looking to have a corner store business soon and I would like to know what do I need to have in order for this business to come true?

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Richard - Bizlaw

Juris Doctor

10,562 satisfied customers
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