LLC Legal Questions and Answers
Can a LLC Be Covered Under A Personal Umbrella Policy?
A member of an LLC wants to use the rental RV for personal use. Would this disolve the LLC? Or should he actually 'rent' it from the LLC? Would a personal umbrella cover liability over an LLC?
06/10/2010 | Category: LLC | State: California | #22359What kind of deed do I need to transfer a title from my name to my LLC?
I am considering purchasing a resort condominium in Galveston, Texas for daily/weekly rentals. I have been advised to set up an LLC. I am the only member. I have a pre-approval letter from BOA for the loan in my personal name. The attorney I have said I should get BOA to title it in the LLC name. BOA said they don't do that. I would have to close on the loan personally and...
04/29/2010 | Category: LLC | State: Texas | #21957When ownership of a LLC changes in Nevada, what has to filed with the state?
I transferred ownership of an LLC to a Foundation via a 'Transfer Agreement'. I have a new Annual List and Letter referring to a 'Special Meeting'. What do I need to send to the Sec of State (Nevada) in order to file my Transfer Agreement(other than the updated Annual List)? Thank you.
04/15/2010 | Category: LLC | State: Minnesota | #21801How Do I Buy a LLC and Use Another Business Name in Nebraska?
I am interested in buying a business which is a LLC. They do work for a national company and I am interested in doing this kind of work. I would be basically paying for a lead, and I want to operate under my own name and not theirs. What are the steps and liabilities in doing something like this? Your help is greatly appreciated.
03/22/2010 | Category: LLC | State: Nebraska | #21489How Does a Member Withdraw From a LLC in Maryland?
My partner and I started an LLC here in Maryland. He left for California without notice, he then threatened to leave if I didn't give him half of the business and name him west coast CEO. I did, but this was never put on paper. We have sold only one computer, We have not done taxes for two years because we have no business model or anything written up and haven't made any money...
02/03/2010 | Category: LLC | State: Maryland | #20782What constitutes a majority vote for a multi-member LLC?
LLC has 11 members. Can the legal vote be decided by majority of those who voted or must it be a majority of members ?
01/08/2010 | Category: LLC | State: Massachusetts | #20349Do I Need an Attorney to Sell Shares of a LLC?
Is an attorney needed to transfer LLC shares -- if so why?
12/17/2009 | Category: LLC | State: North Carolina | #20106Can I Sell Subscriptions to My LLC to the Public?
Can I sell subscriptions to my LLC to the general public?
12/16/2009 | Category: LLC | State: California | #20088How can I transfer shares of my single member LLC?
Can a Washington State single member LLC transfer half the shares to his spouse so that they both can make IRA contributions? (Under a single member LLC one can make contributions to a SEP IRA, and IRS filing is easy). My tax adviser writes, 'I might suggest would be to transfer half of your US LLC shares to your wife and then she would report half the income. Then, you could...
12/04/2009 | Category: LLC | State: Washington | #19904How Do I Transfer Marital Property to a LLC in Michigan?
My husband and I purchased two single family homes and both will be rental properties. To protect our personal assets, I set up LLC for each property. How do I transfer the property to the LLC?
11/22/2009 | Category: LLC | State: Michigan | #19729