Business Law

What happens to the assets of a dissolved LLC? In regard to assets of a dissolved LLC, they may be distributed to LLC members in any manner that the members agree on and see fit, or alternatively, by the method that is provided in the terms of the LLC’s original operating agreement. Read more on … Read more

Does Massachusetts recognize S corporations? Entities that are S corporations for federal purposes are S corporations for Massachusetts purposes, with the exception of security corporations. An S corporation’s income, losses, and deductions are passed through to the shareholders, and are reported and taxed on the shareholders’ individual returns. Read more on www.mass.gov In the United … Read more

Who is liable in an S corporation? LLCs and S corps have much in common: Limited liability protection. The owners of LLCs and corporations are not personally responsible for business debts and liabilities. Instead, the LLC or the S corp, as the owner of the business, is responsible for its debts and liabilities. Read more … Read more

Does an LLC expire in Indiana? The State of Indiana requires you to file a biennial report for your LLC. You can file the report online at the SOS website or file a form (State Form 48725) by mail. The report is due every other year in the anniversary month of your LLC’s formation. Read … Read more

How do I sell an LLC in Missouri? Full Transfer: Selling Your Missouri LLC. Before attempting a full transfer, take the following steps: Determine whether the buyer wants your entire entity or just your LLC’s assets. Obtain the consent of every LLC member to sell the business. Consult your Operating Agreement for help drafting a … Read more

It’s crucial to know how to look up an LLC if you want to conduct business in Georgia. It is simple to complete the process online. This article will guide you through the procedures for locating a Georgia LLC, amending your articles of incorporation, registering your corporation, determining who owns an LLC, and checking the … Read more

Do I need a DBA in Illinois? Under Illinois law, all businesses are required to register alternative trade names by filing for a DBA if the business seeks to operate under a different name than the name used when it was formed. In the case of a sole proprietorship, any name different than the owner’s … Read more

Can LLCs have subsidiaries? An LLC subsidiary can be an excellent way to organize your business. The subsidiary provides a way for your LLC to expand and grow while still maintaining the same organization as the parent company. Read more on www.legalzoom.com One of the most common company formats in the US are limited liability … Read more

Can one partner dissolve a business? Can one partner force the dissolution of an LLC partnership? The short answer is “”yes””. If there are two partners, each holding a 50% stake in the business, one partner can force the LLC to dissolve. Read more on teachu.com It can be exhilarating to launch a business with … Read more

Do I need a registered agent in NY? Every U.S. state, with the exception of New York, requires all corporations and limited liability companies (LLCs) to have a registered agent. A registered agent may be called different names in different states, such as a resident agent, a statutory agent, or an agent for service of … Read more