Business Law

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

Ask a Lawyer,
Get an Answer ASAP!

This answer was rated:

Llc. California. Opened llc. I am a non resident allien

llc Lawyer's Assistant: What...

llc

Lawyer's Assistant: What state are you in? It matters because laws vary by location.

California

Lawyer's Assistant: What steps have been taken so far?

Opened llc

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

I am a non resident allien

Show More
Show Less
Ask Your Own Business Law Question
Customer reply replied 4 months ago
I am a non resident allien and have opened an LLC company in california. have EIN number as well. I have my personal bank account with wells fargo. Can i use my personal bank account for business use?
Customer reply replied 4 months ago
Posted by JustAnswer at customer's request) Hello. I would like to request the following Expert Service(s) from you: Live Phone Call.
Customer reply replied 4 months ago
Let me know if you need more information, or send me the service offer(s) so we can proceed.
Customer reply replied 4 months ago
Also, I am not able to get a business bank account because I dnt have a resident status here. Can i sign on bank documents as a US person?
Answered in 6 hours by:
2/9/2018
Lucy, Esq.
Lucy, Esq., Attorney
Category: Business Law
Satisfied Customers: 32,264
Experience: Attorney
Verified

Hi,

I'm Lucy, and I'd be happy to answer your questions today.

The primary reason many people choose to open an LLC is that it comes with limited liability. In order to keep limited liability, it's necessary to keep your personal and business accounts 100% separate. Business accounts must be titled in the name of the company. All business expenses - and no personal expenses - must be paid out of that account (or another business account). Similarly, you cannot use your personal account to buy items for the business. Money should not be freely transferred between the two. It's OK to loan the business money (as long as the business repays it) or to pay yourself a salary, but otherwise, the accounts should not be connected.

It's difficult to answer your second question without seeing the specific bank documents you're talking about, but generally, it wouldn't be legal to put on a legal document that you're a US citizen or resident when you're not. The *business* is a U.S. person, though. There aren't laws that prohibit foreign entities from maintaining U.S. bank accounts. Since you're registered in California, you should be able to open an account unless you're from a prohibited country. You may want to ask the bank to review exactly what the problem is, or check with other banks to see what their requirements are. Some banks will open a "personal" account in a business's name, and that might resolve the issue.

Have I answered your question? If any part of my response is unclear, please let me know without choosing a rating. It’s my goal to deliver excellent service, so if I've done that, please give me a 5-star rating before signing out. Thank you for using JustAnswer.

Ask Your Own Business Law Question
Customer reply replied 4 months ago
Hi Thank you for your response. What i want to know is. under the law can i use my personal account for business use?
or is there a law that prohibits the use of personal account for business purpose?

The LLC is a separate legal entity. It's not part of you. The LLC's name would have to be on the account before you could use it to accept deposits for the business. You can use your personal account to pay business expenses to anyone who will accept a personal check instead of a business check.

But what I've explained above is why it can backfire horribly and cost people a lot of money to use a personal account for an LLC. You can do it, but it's important that you understand the potential consequences.

Ask Your Own Business Law Question
Customer reply replied 4 months ago
Got it thank you.

You're welcome. Have a good day.

Please rate my service positively, as this is the only way that I get paid for the time spent answering your questions. Mobile users may have to scroll to the right. Thank you.

Lucy, Esq.
Lucy, Esq., Attorney
Category: Business Law
Satisfied Customers: 32,264
Experience: Attorney
Verified
Lucy, Esq. and 87 other Business Law Specialists are ready to help you
Ask your own question now
Customer reply replied 4 months ago
One last question. I want to hire a contractor in India to manage all parts of my business (marketing-sales-service) and I pay flat % for that. Can you help me create that agreement?

I'm afraid that drafting contracts is beyond the scope of this site. A local business attorney should be able to help you with that.

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 Lucy, Esq. Your Own Question
Lucy, Esq.
Lucy, Esq.
Lucy, Esq., Attorney
Category: Business Law
Satisfied Customers: 32,264
32,264 Satisfied Customers
Experience: Attorney

Lucy, Esq. 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

2,002 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

678 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 have an LLC it is in an online business in Alameda county.
Hi I have an LLC it is in an online business in Alameda county . I will be doing a pop event in another county would I need to apply for anything to do business there ? … read more
KLAW
KLAW
Juris Doctorate
2,194 satisfied customers
I have a New Jersey LLC and want to start doing business in
I have a New Jersey LLC and want to start doing business in New York, do I have to register as a foreign LLC in NY? or can I invoice my customers using my New Jersey address and LLC?… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
I went into a LLC Business in Ms. with a 50/50 ownership. We
I went into a LLC Business in Ms. with a 50/50 ownership. We made a $100,000.00 loan for the business using my collateral. I sold the property used for collateral therefore the loan was paid in full. … read more
Attorney Wendy
Attorney Wendy
Member
Juris Doctorate
971 satisfied customers
Small business service provider that contracts with local
Small business service provider that contracts with local business (client) and that party fails to pay for service's how can that company place a lien on clients business what are the legal steps?… read more
Asad Rahman
Asad Rahman
Attorney
J.D.
2,476 satisfied customers
I have made a business contract in Saudi Arabia with a
I have made a business contract in Saudi Arabia with a Syrain business man living in Saudi Arabia ���� for his business located in USA ����. How can I make this contract proved and legal by the US aut… read more
DamienJD
DamienJD
Attorney
Doctoral Degree
4,857 satisfied customers
I have a business question for my LLC I own an LLC in Oregon
I have a business question for my LLC I own an LLC in Oregon but are looking to acquire a franchise in Florida under the same LLC … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I have 2 summer camp businesses. One is an LLC and the other
I have 2 summer camp businesses. One is an LLC and the other is an S corp. I want to know if I can pay into my kids college fund directly from these accounts instead of paying me and then paying into … read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
609 satisfied customers
I signed 6 contracts and shot video at 6 weddings for an LLC
I signed 6 contracts and shot video at 6 weddings for an LLC that I believe is fraud and plan to file a small claims case but worry if the LLc has any assets, do I need to lift the veil and how would … read more
socrateaser
socrateaser
1,031 satisfied customers
I have a judgement in California against an LLC business and
I have a judgement in California against an LLC business and the owner opersonally for some accounting we did fr him and jis busnisee. … read more
Ray
Ray
Lawyer
Doctoral Degree
33,059 satisfied customers
I am looking for business legal advisor for my LLC listed in
I am looking for business legal advisor for my LLC listed in NV … read more
Legalease
Legalease
Attorney At Law
Doctor of Law w/ highest honors
15,719 satisfied customers
I have an LLC with my business partner. We are both
I have an LLC with my business partner. We are both non-resident aliens and don't live in the US. The idea was paying corporate tax in the US and personal tax in Europe, where we reside. Do we still n… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I dissolved by part in an LLC business 9 years ago. Part of
I dissolved by part in an LLC business 9 years ago. Part of the settlement was me turning over a vehicle to the remaining partner that was registered in my name. I can not find a copy of the release o… read more
Asad Rahman
Asad Rahman
Attorney
J.D.
2,476 satisfied customers
I have questions about an LLC contract. Texas. It has been
It has been filed with the state as a LLC with 3 members … read more
Infolawyer
Infolawyer
Attorney
Doctoral Degree
2,002 satisfied customers
Does an LLC business pay the new business tax rates? If not
Does an LLC business pay the new business tax rates? If not what business types could I form to pay the new rates and not my personal tax rate? How is the 20% deduction calculated?… read more
Attorney Wendy
Attorney Wendy
Member
Juris Doctorate
971 satisfied customers
My business partner sold are llc 50/50 owned business with
my business partner sold are llc 50/50 owned business with out my consent. or knowledge is there legal action i can take? … read more
Ely
Ely
Attorney
Juris Doctor
604 satisfied customers
I'm the managing member in an LLC with my business partner
I'm the managing member in an LLC with my business partner and I'm also the member with the larger share percentage. Its a multipfaceted bar/nighclub busniess with a reatils store. .5+ … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I am starting a consulting business and considering an LLC.
I am starting a consulting business and considering an LLC. I am also an artist. Can I combine the two businesses in one LLC so I can write off my studio rent and expenses legally?… read more
TaxAttorneytoHelp
TaxAttorneytoHelp
Owner
Doctoral Degree
2,542 satisfied customers
My business is registered in Delaware as an LLC with a
Hi Pearl, my business is registered in Delaware as an LLC with a partner. My partner is no longer with the company. I would like to move the business to PA where I live. I am also changing the name of… read more
Roy Hadavi
Roy Hadavi
Attorney
Juris Doctorate
1,225 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