Business Law

What is a multi member operating agreement? A Multi-Member LLC Operating Agreement is a document used during the creation of an entity that will have multiple owners, establishing how the LLC is divided as well as basic rules and procedures for how the company will function. Read more on esign.com In a limited liability corporation … Read more

Does a single member LLC need an operating agreement in Virginia? An operating agreement isn’t mandatory, but it’s a great idea to have one, even if your LLC only has one member and you’ll be making all of the decisions. Having a written operating agreement lends credibility to your LLC. Read more on www.collective.com The … Read more

Is it worth it to incorporate in Delaware? Although it may seem like the common consensus, incorporating in Delaware only really makes sense for large corporations. It is generally not worth the time or the effort for a small business to incorporate in Delaware (unless you already happen to be in Delaware!). Read more on … Read more

How do I transfer ownership of an LLC to a corporation? Transferring LLC Ownership to a Corporation Check the LLC’s operating agreement, state law, and tax status. When the LLC first registered with the state, it should have drafted an operating agreement. Find a buyer and create a bill of transfer. Update certificates with the … Read more

What is a series LLC in Texas? A series LLC, formed under Texas law, is an LLC that provides in its governing documents for the establishment of a series of members, managers, membership interests, or assets that have separate rights, obligations and liabilities and business purposes from the general LLC. Read more on www.sos.state.tx.us One … Read more

What is the best way to dissolve a partnership? How to Dissolve a Partnership Review and Follow Your Partnership Agreement. Vote on Dissolution and Document Your Decision. Send Notifications and Cancel Business Registrations. Pay Outstanding Debts, Liquidate, and Distribute Assets. File Final Tax Return and Cancel Tax Accounts. Limiting Your Future Liability. Read more on … Read more

How do I get an article of Organization in Indiana? You can form your Indiana LLC by filing Articles of Organization online or by mail. Form an Indiana LLC online: The state filing fee is $95 and the processing time is 24 hours. Read more on www.llcuniversity.com You must submit an Article of Organization to … Read more

Can you remove a shareholder from a company? The shareholders of a company established in the UK can be changed at any time when all parties are happy with the decision. Removing a shareholder from a Limited Company can be necessary for many reasons. Shareholders can choose to leave their company whenever they like and … Read more

Do you need to register a DBA in Wisconsin? Wisconsin law requires all businesses to file a DBA when they are using a fictitious business name. Despite being the law, filing for a DBA also allows the company to open bank accounts, write contracts, and otherwise operate using the fictitious name. Read more on www.legalzoom.com … Read more

How much does it cost to register an LLC in Illinois? How much does it cost to form an LLC in Illinois? The Illinois Secretary of State charges $150 to file the Articles of Organization. You can reserve your LLC name with the Illinois Secretary of State for $25. Read more on www.nolo.com Establishing a … Read more