Business Law

Does Nevada require LLC operating agreement? No, Operating Agreements are not legally required in Nevada. According to the Nevada Revised Statutes (NRS) 86.286 Operating Agreement clause, “”A limited-liability company may, but is not required to, adopt an operating agreement.”” Read more on www.nevadaresidentagent.com Knowing the legal requirements of the state where you intend to base … Read more

Does Louisiana have S corporations? An S corporation is a standard corporation operating in the state of Louisiana that has filed a form with the IRS to elect a different tax status than what applies to a C corporation. The election form for an S corporation can be filed as soon as the corporation has … Read more

What happens when the owner of a business dies? Unlike sole proprietorships, corporations do not die automatically when a business owner dies. Instead, when a corporation owner dies, their estate becomes the new owner of the business. This could result in your executor being responsible with managing not only decisions for your estate but also … Read more

Who can be a registered agent for an LLC in Maine? Yes, any owner or employee of a business can be its registered agent in Maine as long as they are over the age of 18, and have a street address in Maine. You could also choose to elect a member of your LLC, or … Read more

Does an independent contractor need a business license in Hawaii? Any business, whether it’s a small business, self-employed, independent contractor, or freelancer, must obtain a general excise license and pay the tax. Businesses headquartered in another state but with a physical presence in Hawaii also have to pay the GET. Read more on advocacy.sba.gov Although … Read more

Can doctors have holding companies? A medical professional corporation is no ordinary company. In this latter case, the corporation would typically be converted to a holding company – one that has no active business but is used primarily to hold the assets or investments that the physician has accumulated in the corporation over their working … Read more

How do I form a corporation in Maine? How do I form a corporation in Maine? Step 1: Name Your Maine Corporation. Step 2: Appoint Directors. Step 3: Choose a Maine Registered Agent. Step 4: File the Maine Articles of Incorporation. Step 5: Create Corporate Bylaws. Step 6: Draft a Shareholder Agreement. Step 7: Issue … Read more

Are there CEOS in LLCs? All states permit LLCs to establish a CEO or president position so long as you create the office and define it in the operating agreement. The state must know who has the authority to sign official and legal documents on behalf of the LLC. Read more on www.legalzoom.com When it … Read more

What is a trade name in Arizona? An Arizona DBA (doing business as) is called a trade name. Arizona trade name registration allows a business to operate under a name that’s different from its legal name. DBA registration won’t protect your personal assets like forming an LLC or corporation will. Read more on howtostartanllc.com An … Read more

What is a Wisconsin LLC? This publication provides information about the Wisconsin tax treatment of limited liability companies (LLCs). Limited liability companies possess the corporate attribute of limited liability for LLC owners or members and the potential for treatment as a pass-through entity for federal and state income tax purposes. Read more on www.revenue.wi.gov A … Read more