Business Law

Is a managing member an owner? A limited liability company (LLC) managing member is both an LLC owner and someone who keeps the business running on a day-to-day basis. The managerial aspect generally includes having the authority to make decisions and enter into contracts on behalf of the business. Read more on www.legalzoom.com Recognizing the … Read more

Does Oregon require an LLC to have an operating agreement? Oregon does not require LLCs to have operating agreements, but it is highly advisable to have one. An operating agreement will help protect your limited liability status, prevent financial and managerial misunderstandings, and ensure that you decide on the rules governing your business instead of … Read more

Do you need a registered agent for an LLC in DC? Most businesses and nonprofits that form or register in Washington D.C. must have a physical registered agent in Washington D.C. at all times. This includes keeping the agent’s contact information up-to-date with the District of Columbia Department of Consumer and Regulatory Affairs – Corporations … Read more

What does it mean to transact business in a state? Under the California Corporations Code, “”doing business”” is referred to as “”transact[ing] intrastate business,”” which is defined as “”entering into repeated and successive transactions of its business in [California], other than interstate or foreign commerce.”” An entity might need to register with the California Read … Read more

Can an LLC and corporation have the same name? Can Two LLCs or Companies Have the Same Name? Yes, with some exceptions. When you’re forming a corporation or an LLC in a state, the name must be unique to your business within that state. Others can form LLCs and businesses in other states that have … Read more

Which state do you believe is best for filing articles of incorporation and why? While each business is different, a few states stand out as excellent options for starting a business. Wyoming, Nevada, and Delaware are especially ideal for incorporating your business due to their business-friendly rules, enhanced privacy, and knowledgeable courts. Read more on … Read more

Does NC require an operating agreement? North Carolina does not require an operating agreement in order to form an LLC, but executing one is highly advisable. The operating agreement does not need to be filed with the state. Read more on www.dmlp.org You might be unsure whether you require an operating agreement if you want … Read more

Do I need a registered agent for my LLC in California? Read more on www.californiaregisteredagent.com If you want to form an LLC in California, you might be unsure of the requirement for a registered agent. Yes, it is the answer. Every LLC in California must have a registered agent, commonly referred to as an agent … Read more

What happens if S Corp fails? If the corporation fails to comply with the terms of the contract, the owner who signed is personally responsible. Fraud, wrongful, or criminal acts. If an owner willfully commits a fraudulent, wrongful, or criminal act, she can be held personally responsible. Read more on info.legalzoom.com S Corporations, often known … Read more

Do I need a registered agent in Nevada? A Nevada registered agent is required by law for every formal business in the state of Nevada. A registered agent receives all official paperwork from the State of Nevada, they also receive any service of process a business may be served in a lawsuit. Read more on … Read more