Business Law

How do I close a DBA in Delaware? The check or money order should be payable to: The State of Delaware. Upon termination of the use of the registered name you should file a Termination Affidavit Form with each Prothonotary’s Office in which you are registered. There is no fee for terminating your registration. Read … Read more

Does Idaho require an LLC operating agreement? Idaho does not require LLCs to have operating agreements, but it is highly advisable to have one. An operating agreement will help protect your limited liability status, prevent financial and managerial misunderstandings, and ensure that you decide on the rules governing your business instead of state law by … Read more

Can I change LLC from member managed to manager managed? Whether it’s manager or member managed, the selection can be changed by amending the articles of organization. Changes to articles usually need a vote to change them, and state law can require unanimous decision. Read more on www.upcounsel.com Limited liability companies, or LLCs, are a … Read more

Can a sole proprietorship own property? Because sole proprietorships do not exist separate and apart from their owners, they are incapable of owning real estate on their own. Read more on smallbusiness.chron.com A sole proprietorship is a sort of business structure where the company is owned and run by just one person. All parts of … Read more

What does voluntarily dissolved mean? When a corporation’s board of directors or an LLC’s members decide to dissolve a corporation without any mandate, it is called voluntary dissolution. The stockholders must vote in favor of the dissolution. Read more on www.upcounsel.com The legal procedure in Florida for dissolving a limited liability company (LLC) is known … Read more

How is an LLC taxed in Iowa? Corporations. Iowa corporations are subject to Iowa’s corporate income tax at marginal rates ranging from 6% to 12%, with subtractions, or to the state’s alternative minimum tax. Read more on www.nolo.com In Iowa, which is renowned for having a welcoming business climate, many business owners opt to form … Read more

How much does it cost to dissolve an LLC in Florida? What Does It Cost to Dissolve a Florida LLC? The filing fee is $25 to dissolve an LLC in Florida. If you need a certified copy of your Florida LLC dissolution, you can get one for an additional $30. Read more on www.floridaregisteredagent.com It’s … Read more

Is an LLC an independent entity? One of the IRS’s tests of an independent contractor is if you are in business for yourself. An LLC is a separate business entity, so there is proof that you are in business for yourself. Read more on www.findlaw.com For companies of all sizes, limited liability companies (LLCs) are … Read more

Is an LLC operating agreement required in AZ? Every Arizona LLC owner should have an operating agreement in place to protect the operations of their business. While not legally required by the state, having an operating agreement will set clear rules and expectations for your LLC while establishing your credibility as a legal entity. Read … Read more

Are bylaws the same as operating agreement? Although similar in function in that they govern the internal affairs of a business entity, bylaws and operating agreements are two different things. The obvious difference is that bylaws apply to corporations, while an operating agreement applies to LLCs. Read more on fundsnetservices.com There are numerous critical choices … Read more