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How can I change my LLC from Sole Proprietor to Member LLC.
how can I change my LLC from Sole Proprietor to Member LLC. … read more
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For LLC, by law, does the percentage of shares have to be
For LLC, by law, does the percentage of shares have to be the same as the percentage of the dividend/profit shared? E.g. A member has 10% shares, if we have a separate agreement, can he only get 5% of… read more
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I have a Single member LLC and I want to change to Multiple
I have a Single member LLC and I want to change to Multiple Members, and the SMLLC was treated as a sole proprietor, What do I have to do?… read more
Law Educator, Esq.
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.S. Member of Bar SPECIALIZING in Business Law or Tax
Questions for U.S. Member of Bar SPECIALIZING in Business Law and/or Tax. only. I have other questions on this matter but will rehire you through a new question if happy with your answers to this one.… read more
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Patnership LLC A wholly owns LLC B and LLC C. Im assuming
Patnership LLC A wholly owns LLC B and LLC C. I'm assuming B & C are disregarded entities for tax purposes. Is this correct? For filing purposes as B & C are disregarded entities, are all operating re… read more
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Hi, I currently have a client in vermont that is a single-member
Hi, I currently have a client in vermont that is a single-member llc and is taxed as a disregarded entity (schedule c). However, he wants his wife to become a member. Question - will this automaticall… read more
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Hi. When a 2-member LLC (partnership) transfers ownership
Hi. When a 2-member LLC (partnership) transfers ownership out of both patner's names to all-new members, is it 12 weeks from that date that we have to file our information tax return with the IRS? Tha… read more
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I have an LLC that is currently owned as follows per the operating
I have an LLC that is currently owned as follows per the operating agreement: Member 1: 34% Member 2: 55% Member 3: 5.5% Member 4: 5.5% These are also the profit and loss sharing ratios. Member 1 want… read more
Richard
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Hi. I have a challenging situation. I am an Italian citizen
Hi. I have a challenging situation. I am an Italian citizen who will be moving my business and family to the US shortly. I want to do two things: 1) create a company in the US where the owners/members… read more
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Richard
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We have a Texas 2 member (father and son) LLC taxed as a partnership
We have a Texas 2 member (father and son) LLC taxed as a partnership by default. Father retired in July 2012 and has no involvement in LLC as of then. Son would rather not dissolve LLC since all credi… read more
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In 2010 I formed, and have a 45% membership interest in, a
In 2010 I formed, and have a 45% membership interest in, a Florida Partnership LLC. My partners (husband and wife) recently voted me out as a managing member without cause (we were all manager members… read more
MShore Law
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I plan to follow your advice and transfer all but 5% of my
I plan to follow your advice and transfer all but 5% of my interest in the LLC to my wife. The other member of the LLC and I would like to make several other changes in our Operating Agreement and do … read more
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I had single member LLC in NJ. I wanted to add my spouse to
I had single member LLC in NJ. I wanted to add my spouse to the LLC. So I filed NJ-REG and check "Amended application for an existing business". In the "type of ownership", I checked "LLC (1065 filer)… read more
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If I have a SMLLC and want to bring on a silent investor -
If I have a SMLLC and want to bring on a silent investor - 1. Do I have to list them as a member of the LLC and change the status to a partnership or multi-member LLC? 2. How do I pay distributions to… read more
Richard
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CAN I FILE A 1065 FEDERAL INCOME TAX RETURN WITH ONE MEMBER
CAN I FILE A 1065 FEDERAL INCOME TAX RETURN WITH ONE MEMBER? I KNOW THAT IRS DOES NOT RECOGNIZE SINGLE MEMBER LLC BUT OTHER CPA'S ARE TELLING ME YOU CAN HAVE ANOTHER MEMBER WITH NO SHARE ON LLC ( ON K… read more
Richard
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Summary A partner and I established an LLC in Illinois
Summary… • A partner and I established an LLC in Illinois a few years ago. • There has not been much activity in this company. • I have a new direction I want to take it now and we have agreed to tran… read more
MShore Law
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Was just online with regard to partnership agreement, got hung
Was just online with regard to partnership agreement, got hung up with passwrd. Two partners both married,husbands, not wives part of partnership. What start up docs do we need? Partner 1 has substant… read more
Richard - Bizlaw
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A couple has two husband-wife LLCs formed in Delaware. They
A couple has two husband-wife LLCs formed in Delaware. They decide to change the membership of the LLCs so that each spouse individually owns one LLC. (The ownership change is due to their now having … read more
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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).

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