LLC Legal Questions & Answers

Several people have decided to open a new business and they are trying to decide which form of business provides them with the most flexibility and protection, without being overly burdensome with regulatory issues. What business form offers the best choices for a business that i...

We have a sole proprietor company and would like to incorporate to an LLP with 2 owners and employees. What forms would I need to file and can we use the same EIN number?

I am creating an LLC. I will be the only member. Should I choose management by manager or management reserved to members. What is the difference with regard to taxes?

In Louisiana a sole member LLC wishes to admit a new member--will a resolution to that effect suffice or do you need additional forms or contracts such as a member purchase agreement etc, to accomplish the intent?

The answer depends on the nature of the crime. A limited liability company is generally liable...

We currently have a LLC for a real estate business. 3 members (siblings). My question is if one of the members is convicted of a crime, can the LLC be vulnerable?

My wife and I hold 50% of the stock of our LLC with a third person holding the other 50%. We want to sell our shares to our partner and resign from the LLC. We formed this LLC to buy a building that we shared as the two tenants for our respective businesses. Since the formation...

I started my business as a single member LLC in November 2006. On December 31st 2007, I granted 7% of the business to a partner. I want to establish that the business has 100 million authorized units with only 10 million issued. Thus I have 9.3 million units and my partner has 70...

How do I go about dissolving an LLC partnership in existence for less than a year?

My wife & I have recently formed a corporation & purchased a business, along with the land it sits on & the building it occupies. We formed an LLC for the building & property, to protect them from anyone who might try to sue the business. We included our primary h...

We are dissolving an LLC and I need to know where to find the information on our legal rights in regards to the division of our assets and items pending sale.

My significant other and I have created and operated a successful restaurant for the past two years. Originally a friend volunteered to secure the line of credit to get it up and running and was the one who filed for the LLC which the restaurant operates under. He has now forced...

We have a member/manger of our Arizona LLC leaving suddenly in order to provide the exact same services using one of our new contractors to do the work, because he can cut out the shared profits. We are an independent energy consultancy and marketing company for sustainable energ...

I have a LLC was managed by its members in 2005 when it was formed and now I am the sole member. It was formed in March 2005. I have a written general operating agreement dated May 2011. Until that time it was only a verbal operating agreement. Both are acceptable in the st...