Business Law

Does a single member LLC need an operating agreement in California? California does not require an SMLLC to have an operating agreement. The operating agreement is usually made between the single member and the LLC itself. The agreement typically covers the member’s rights, duties, and obligations, as well as the SMLLC’s management structure. Read more … Read more

What is a Certificate of Formation in Alabama? Under applicable law, the Alabama Certificate of Formation (COF) is the first document that must be signed and filed with the State for LLC formation, before the operating agreement. It is also sometimes referred to as the Operating Agreement or, for a corporation, the articles of organization. … Read more

Is fictitious name same as trade name? A trade name is also known as a fictitious name or a DBA (doing business as). A registered business entity can file for Registration of Trade Name (Form T-1) as long as the name is different from its registered name. Read more on cca.hawaii.gov Businesses frequently promote their … Read more

Can you convert an LLC to a nonprofit? Converting an LLC to a nonprofit corporation can be done, but is limited to specific business activity related to scientific, educational, charitable, or religious purposes. Contacting an experienced attorney in your state may help you through each step and advise you on your appropriate and legal options. … Read more

Do S Corps need operating agreements? Does every business need an operating agreement? Similarly, corporations (S corps and C corps) are not legally required by any state to have an operating agreement, but experts advise owners of these businesses to create and execute their version of an operating agreement, called bylaws. Read more on www.businessnewsdaily.com … Read more

How long does it take to start an LLC in Mississippi? It normally takes one to two days for the LLC paperwork to be processed in Mississippi. Read more on startingyourbusiness.com A Limited Liability Company (LLC) is one of the most popular business structures when launching a business in Mississippi. An LLC maintains a more … Read more

Can I change my business name Washington State? In order to change something like your LLC’s name, business type, registered agent, and principal address, you’ll need to fill out the Amendment for Formation Limited Liability Company form and file it with the Washington Secretary of State office. Read more on www.northwestregisteredagent.com As a business owner, … Read more

What are the legal considerations for doing business in Mexico? There are no restrictions on doing business with certain countries or jurisdictions. However, the bye-laws and other documents of foreign companies must not be contrary to the rules of public order established by Mexican law. 5. Are there any exchange control or currency regulations? Read … Read more

Is an LLC a corporation in California? Limited Liability Company (LLC. A California LLC generally offers liability protection similar to that of a corporation but is taxed differently. Domestic LLCs may be managed by one or more managers or one or more members. Read more on www.sos.ca.gov An LLC is not a corporation in California. … Read more

What is a Delaware limited partnership? Forming a Limited Partnership in Delaware. A Limited Partnership is formed by one or more General Partners and at least one or more Limited Partners. The Limited Partners have limited liability ? meaning no liability for the company’s debts, obligations, or actions. Read more on www.advantage-de.com A business structure … Read more