Business Law

Do you have to renew LLC every year in Alabama? The State of Alabama requires you to file an annual report as part of your required state Business Privilege Tax return. Read more on www.nolo.com You might be interested in learning more about the rules for keeping your Limited Liability Company (LLC) status if you’re … Read more

Can an LLC be manager-managed? This flexibility extends to the management structure of an LLC. Business owners have the option to be member-managed or manager-managed. This means that LLC members can take a full and active role in regular business operations or they may choose to designate a manager or managers to handle day to … Read more

What are articles of organization Washington State? The Articles of Organization for an LLC in Washington is a legal document required to create a business entity that is authorized to conduct business in the state. Read more on www.upcounsel.com One of the initial steps in launching a business in Washington State is submitting articles of … Read more

What is an agent in LLC? An LLC registered agent is an individual or entity which has been designated by the LLC to receive service of process notices, government correspondence and compliance-related documents on behalf of the LLC. Read more on www.legalzoom.com A business formation known as an LLC, or Limited Liability Company, combines the … Read more

Can you revive a Cancelled LLC in California? When your business has been suspended or forfeited, it is not in good standing and loses its rights, powers, and privileges to do business in California. To revive your business and be in good standing, you must: File all past due tax returns. Pay all past due … Read more

Your Delaware LLC will have to register as a foreign LLC in Florida. In addition to paying the annual Delaware franchise tax and registered agent fee, you need to file an annual report with Florida and pay a fee. Florida registration and annual report fees are the same for LLCs formed in Florida. Read more … Read more

Is it bad to have multiple LLCs? It’s not actually unusual to have multiple LLCs, either as a sole owner or as one of a group of owners, or “”members,”” as they are called in an LLC. Owning more than one LLC may make sense if: Separate businesses. If you have two separate businesses, two … Read more

Does Colorado recognize S corporations? Colorado recognizes the federal S election, and Colorado S corporations are not required to pay tax to the state. However, individual S corporation shareholders will owe tax on their share of the corporation’s income. Read more on www.nolo.com Colorado does accept S corporations, yes. By allowing the company’s income, deductions, … Read more

Can an LLC have different classes of members? Does an LLC Have Classes of Stock? LLCs do not have stock, but ownership units that the Operating Agreement usually calls “”membership units.”” An LLC can have more than one class of members. Different classes may have different rights. Read more on www.incnow.com Limited Liability For many … Read more

How do I turn my LLC into a corporation? Here’s what the general process entails: Form a separate corporation with LLC members as shareholders. Create a merger plan and ask each member to approve it. Exchange your membership interests for shares in the new corporation. File a certificate of merger with your state. File a … Read more