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Recent business law questions

When selling your business, an LLC, are all partners

When selling your business, an LLC, are all partners signatures required at closing?

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Loren

Juris Doctor

 
34,728 satisfied customers
I am an event planner who has been given a non disclosure

I am an event planner who has been given a non disclosure agreement but I dont understand it and need assistance ASAP to make the verbiage simple to understand.

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Lucy, Esq.

Juris Doctor

 
29,202 satisfied customers
I am a medical professional trying to setup an S-corp

I am a medical professional trying to setup an S-corp for my medical practice as well as a multimedia medical website that I run. My understanding is that a PC is required because of my practice, but I also wanted to see the best way to to structure the website into the corporation to maximize tax benefits and minimize liability.

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Richard - Bizlaw

Juris Doctor

 
9,426 satisfied customers
I have a California law based employment contract stating 3

Hi, I have a California law based employment contract stating 3 months of notice period to leave my job. I work for an American Subsidiary of a French company. I am based in San Francisco. I moved from the French company to the American subsidiary last year. Last month, I decided to leave my company and gave only 1 month notice, as all my other US colleagues have a 1 month notice. I was wondering if I risk anything by leaving my company after only one month notice instead of the 3 months stated in my contract. Thank you in advance.

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5,064 satisfied customers
I owned a business and sold while residing and working in California.

I owned a business and sold while residing and working in California. I signed a non compete agreement which is governed by California Law. I have been terminated and want to know if the non compete could be construed as valid.

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tswartz123

Attorney

Juris Doctor

 
2,550 satisfied customers
I have registered series LLC in IL, but IL Dept

I have registered for a series LLC in IL, but for the IL Dept of Revenue, I'm unsure of which business category I should register for the master as it relates to annual reporting and taxation. We are going to operate a catering company, a venue and a consulting cell. My thought is to register the catering category since it will generate the most sales tax of the 3 divisions.JA: OK. The Corporate Lawyer will need to help you with this. Have you consulted a lawyer yet?Customer: Yes, and he is not being very succinct due to the, leeway in interpretation, as I understand series LLC are a newer description.JA: What advice did they give you?Customer: "It depends on the accountant"JA: Anything else I can tell the Corporate Lawyer before I connect you two?Customer: I don't believe soJA: 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 Corporate Lawyer about your situation and connect you two.

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Irwin Law

Juris Doctor JD

 
8,076 satisfied customers
Business activity in docketing statement registration.

Business activity in docketing statement for LLC registration.My first was very broad, something like: "To do anything that is law-abiding." It was rejected.My second was broad: "Develop ideas into a reality and into the market." It was rejected.My business takes ANY idea imaginable, develops it into a reality, and tries to push it into the market. This includes, but not limited to: ***** ***** movies, novels, sports, games, medicine, and etc. How can I satisfy the DoS to explain my business? Please answer with your description.Here is what I typed but I still think it will be rejected and it don't seem professional enough as "brief."Develop ideas into a reality and into the market.Ideas are anything imaginable. We take an idea from any category that is law abiding and develop it into a reality. Then we take that idea and attempt to bring it to life in the market for the purpose of making money. We may or may not be manufacturers of the ideas that we create.We make our own ideas and we may accept ideas from those not from our business.Ideas can be, but not limited to the following categories:ProductsBusinessesMoviesMedicineNovelsSportsGamesFoodsArtsMedicalDigitalEnergyTransportationIdeas can be in any form of industry for any kind of consumer. Ideas are broad. There are many categories of ideas.The intention is to make this business acceptable to develop any idea imaginable and into the market, as long as they are law abiding.Once the idea has be developed into a reality, we then try to make money from it by bringing it into the market.For example: there is an idea in the form of a book. We take the idea and attempt to make that story into a book. Then we rather find publishers, agents, or do the publishing ourselves, in attempt to push the book into the market to make money.Another example: there is an idea in the form of a business. We take that idea and create the business model. We then make the business a reality as a subsidiary company.Another example: there is an idea in the form of a sport. We take the attempts to develop the sport into a reality. Then we try to build a league and recruit players. Eventually in attempt to make the sport popular and make money from the sport rather by spectator ticket sales, merchandise, licensing, and etc.Another example: there is an idea in the form of a movie. We make attempts to write the script, or hire a third party to do so. We move forward to an agent, producer, or simply we make the movie ourselves by rental or ownership of movie making equipment and studio. The end goal is to bring the movie to theaters to make money.Another example: there is an idea in the form of a chemical. We rather hire a third party to make this chemical possible or we research this chemical ourselves. Then we attempt to sell this chemical to make money.Another example: there is an idea in the form of clothes. We take the idea into a fashionable wearing products and attempt to sell it into the market.I need you to create me a business activity description that will not get rejected by Department of State.

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Legalease

Attorney At Law

Doctor of Law w/ highest honors

 
14,634 satisfied customers
When a public company is looking to acquire a private

When a public company is looking to acquire a private company, does the private company's books generally get revised after closing? If so, is there a time limit required by the SEC? What is that limit and are there considerations given to allow enough time to revise accounting practices to meet standards?

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

 
104,364 satisfied customers
Myself and two other partners live in Dubai and we want

Hi,Myself and two other partners live in Dubai and we want to start a company in the US. My father lives in the US so we want to start a company in such a way where us three are the only shareholders but my father would be authorized to sign on our behalf and have access to the company's finances as we will be employing him.My questions are:1. Could this be possible?2. Can we start a company and open up a bank account for that company without having to go to the united states?3. What is the best state to start at for taxation purposes? We would like to start as a Limited company4. We already have a branch in the UK, do we need to associate the two companies together? Or do we simply open the company in the US with the same name?Thank you

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Ely

Counselor at Law

Juris Doctor

 
62,222 satisfied customers
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