Corporations Legal Questions and Answers
What Business Entity is Best for Me?
I started a Knitting Guild about 2.5 years ago (not for profit). It is not a charity organization but is more like a gardening club or running club where members get together for learning, activities, and sharing hobbies. It is currently set up as a DBA and I want to get it out of my name. Is a corporation the best way to go and how simple can I make it? Also, please advise wh...
07/23/2009 | Category: Corporations | State: Georgia | #17718What Business Enitity Should I Form in Virginia?
Two chiropractors are purchasing an existing physical therapy practice and plan to continue offering PT services but will add chiropractic services by only one of the DCs--the other will only have administrataive duties. What legal structure should be formed--it has to be a PC I believe but does that mean it could be an S-corp or something else? And does the practicing DC nee...
07/19/2009 | Category: Corporations | State: Virginia | #17652Can An Employee Work for an Improperly Licensed Business?
If my employer was given a notice of violation due to operating without a business license in the City of Chicago and one of the penalties listed as a result of operating without the license is that all managers and employees working on the premises will be subject to arrest and criminal prosecution. Also, my employer has never filed their foreign corporation with the Secretar...
07/11/2009 | Category: Corporations | State: Illinois | #17486How Do I Set Up A Corporate Entity in Kansas?
I need to start 2 separate entities to conduct business from. My wife and I will be owners of one. The other has the same ownership, but I will have someone working with me who will take over when a certain 'apprenticeship' is finished (sales volume) I do have a LLC for holding title to an office building and don't know if it is good to have that part of this. I would apprecia...
07/08/2009 | Category: Corporations | State: Kansas | #17393How Do I Assign a Trade Name in Utah?
I need to have a form that allows my business to acquire a DBA with business, assets, and name only and then be able to register it with the state so that I own the name.
06/26/2009 | Category: Corporations | State: Utah | #17210How Do I Sell My Business in Delaware to another business I own?
I have a commercial painting company that I am shutting down and would like my new company to purchase the assets and phone number. I had just purchased Delaware Sale Of Business Package #DE-PO18-PKG from Us Legal Forms. Is this all legal to complete the sale of one business to the other in the state of Delaware?
06/22/2009 | Category: Corporations | State: Delaware | #17122How Do I Avoid Double Taxation When Signing Partnership Agreement for a Corporation?
I am buying in as full partner in an established business for the price of $50,000. The business is currently a corporation. In order to avoid double taxation do I need to reform the corporation as a sub-chapter S, LLP or LLC when we finalize the partnership agreement? Is there a form that is Tennessee specific or do I need multiple forms and is so which ones apply?
06/18/2009 | Category: Corporations | State: Tennessee | #17054What is My Personal Liabity for Borrowing money from a Corporation I hold a Minority Interest in.
I am a 25% shareholder of a small business (annual revenue of $1.3 million)and I have borrowed against the company in an amount of about $45 K (over a period of 4-5 years). I have now shared this info openly with my business partner (75% shareholder) and have begun repayment of $1000 per month. I originally did not have a lot of concern about my actions because the company ow...
06/12/2009 | Category: Corporations | State: Texas | #16948Can I transfer shares of my stock in my company to my wife without a shareholder's meeting?
I run a small company and am thinking whether or not I should transfer my shares to my wife. If I transfer my shares to my wife, is my company required to hold a shareholder's meeting? or is my company needed to obtain the consent of the other shareholders? What happens in the case of a divorce?
05/27/2009 | Category: Corporations | State: Hawaii | #16789What specific form does legal zoom have to transfer my corporation to my son?
What specific form does legal zoom have to transfer my corporation to my son? Please limit the number of forms that you suggest to two forms.
05/19/2009 | Category: Corporations | State: California | #16718