Business Law

Ask a business lLawyer. Get business law questions answered ASAP.

Ask a Lawyer,
Get an Answer ASAP!

I've a financial service franchise (LLC.) I intend to go…

Customer Question
I've a financial service franchise...
I've a financial service franchise (LLC.) I intend to go into importation of natural resources. Do I've to register a new company or use current one ?
Submitted: 10 months ago.Category: Business Law
Show More
Show Less
Ask Your Own Business Law Question
Answered in 30 minutes by:
10/2/2017
Business Lawyer: RayAnswers, Attorney replied 10 months ago
RayAnswers
RayAnswers, Attorney
Category: Business Law
Satisfied Customers: 48,901
Experience: I have 30 years as a business lawyer in Texas
Verified

Hi and welcome to JA. Ray here to help you today.Please bear with me a few moments while I review your question and respond.

Ask Your Own Business Law Question
Business Lawyer: RayAnswers, Attorney replied 10 months ago

It would be good business to set this up with its own LLC.That protects one from the other, if you get sued or something like that as the new LLC they can only go after that one.It makes good liability sense to have these separate with their own LLC and EIN number here.

I appreciate the chance to help you today and wish you the best here with new business.

If you can positive rate 5 stars it is much appreciated.

Ask Your Own Business Law Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a business lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask RayAnswers Your Own Question
RayAnswers
RayAnswers
RayAnswers, Attorney
Category: Business Law
Satisfied Customers: 48,901
48,901 Satisfied Customers
Experience: I have 30 years as a business lawyer in Texas

RayAnswers is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Infolawyer

Infolawyer

Attorney

2,032 satisfied customers

Experienced lawyer

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

1,611 satisfied customers

Run my own successful business/contract law practice.

MShore Law

MShore Law

Attorney

1,233 satisfied customers

Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements

RGMacEsq

RGMacEsq

Attorney

778 satisfied customers

Licensed Texas General Practice Attorney

Barrister

Barrister

Attorney

683 satisfied customers

17 years practicing attorney, JD, BA, MBA

Ely

Ely

Attorney

604 satisfied customers

Counselor at Law.

J.Hazelbaker

J.Hazelbaker

Attorney

393 satisfied customers

Experienced and trained in the area of business law.

< Previous | Next >

Related Business Law Questions
I am interested to open an LLC company in the US even though
Hi, I am interested to open an LLC company in the US even though I am not located in the US so I can use payment gateways to accept payments like Stripe for my ecommerce business. I saw Delaware is a … read more
Attorney Wendy
Attorney Wendy
Member
Juris Doctorate
1,412 satisfied customers
Second opinion] - We are a small business dance studio that
Second opinion] - We are a small business dance studio that has been around for 28 years. We want to setup a program where people can franchise their own dance studio locations. We don't see it gettin… read more
Irwin Law
Irwin Law
Juris Doctor JD
7,185 satisfied customers
My wife and I own a sole prop in Fl which we are close
My wife and I own a sole prop biz in Fl which we are close to Franchising it nationally. We don't know how to structure the business when it sells the Franchises. We wont go with Corp as the filings a… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I wish to start a software development consultancy LLC in Delaware.
I wish to start a software development consultancy LLC in Delaware. I currently reside in Illinois and would work from my home. Everything I buy and sell would be online. I would be primarily doing on… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
I am a Internet service Provider in Louisiana and I am a Inc.
I am a Internet service Provider in Louisiana and I am a Inc. an investor want payments as ROYALTIES instead of Dividends. Is this Legal… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
In the state of new york is it legal for an unregistered NY
In the state of new york is it legal for an unregistered NY LLC to send someone contract agreement to someone in another state as an unregistered NY LLC ?… read more
lucy7368
lucy7368
Juris Doctor
763 satisfied customers
I am looking to incorporate a company in the United States
I am looking to incorporate a company in the United States as a Canadian conducting real estate investments, largely in Texas. I am considering a Wyoming incorporation (although open to other states a… read more
TexLaw
TexLaw
Attorney
Post-Doctoral Degree
4,347 satisfied customers
Corporate - We currently do business through a NY LLC with
Corporate - We currently do business through a NY LLC with authority to do business in NJ. Our office are in NJ. We don't want to be responsible for tax collection etc in NY. Can I move the corp to NJ… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
I own a Delaware LLC that I intended to cancel this year. Im
I own a Delaware LLC that I intended to cancel this year. I'm up-to-date on taxes, but knowing I'd be cancelling, I allowed my registered agent to lapse. So my LLC is officially forfeited. I called DE… read more
Jack R.
Jack R.
Partner
Juris Doctor
6,136 satisfied customers
We have a CA LLC which is owned by a holding company which
We have a CA LLC which is owned by a holding company which is a FL LLC. We have always filed a CA Form 100S and reported the income under the holding company's FEIN and paid the proper tax which is us… read more
JBaxLaw
JBaxLaw
Attorney
Doctoral Degree
8,080 satisfied customers
We are a manufacturer of nicotine liquid (e-liquid) for use
We are a manufacturer of nicotine liquid (e-liquid) for use in electronic cigarettes organized as a Utah LLC (treated as a partnership by the IRS). We sell our products online and through independent … read more
socrateaser
socrateaser
1,031 satisfied customers
Whats the difference between an LLC and a S and C Corp? I
What's the difference between an LLC and a S and C Corp? I just registered an LLC here in california and i also have an office in India which i will be registering a PVT there. I plan on moving to Nev… read more
rvlaw
rvlaw
Judge
Juris Doctor
3,203 satisfied customers
California resident. Deciding to file an out-of-state LLC -
California resident. Deciding to file an out-of-state LLC - single member (Wyoming). As an example:: John Doe, LLC (legal business name) with separate entities under that:: The Gourmet Kitchen; Honey … read more
rvlaw
rvlaw
Judge
Juris Doctor
3,203 satisfied customers
If I owe minimum tax to the California Franchise Tax Board
If I owe minimum tax to the California Franchise Tax Board on two corporations that are basically out of business (around $2500 each is owed) - if I start a new LLC in California and do business under… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,773 satisfied customers
Me and my partner would like to set up some type of business
Me and my partner would like to set up some type of business entity (LLC, etc...) and would like to know 1) what the best structure is to do this (LLC, s Corp, IBC, etc) 2) if there is a limited partn… read more
KUMI95
KUMI95
Attorney
Doctoral Degree
17 satisfied customers
I want to start a one person company from which I intent to
I want to start a one person company from which I intent to contract my telecommunication skills to companies in need. What is the best way?? LLC, incorporate, S Corp ?? Thank You, Brian… read more
skelly151
skelly151
partner
Post-Doctoral Degree
2,328 satisfied customers
I am a registered certified Public Accountant in Illinois,not a
I am a registered certified Public Accountant in Illinois,not a licensed Public accountant. A licensed public accountant can offer attest services in Illinois and express opinion on Financial report e… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,773 satisfied customers
Can a franchise be bought by a corporation, LLC, or other
Can a franchise be bought by a corporation, LLC, or other? If yes, can it buy more than one, or, is that up to the terms and conditions of the franchise itself? Thank you :) This is my first question,… read more
lwpat
lwpat
Doctoral Degree
256 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x