Corporate Law

What is the benefit of a Series LLC? Benefits of Series LLC’s. Protection of Assets. Assets of each cell are protected from judgments against assets in other cells. Less Administration. You can set up as many LLC’s as you want, but each would be separate and would have to be administered separately. Read more on … Read more

What are the two types of corporate dissolution? There are two ways an S corporation may be dissolved: Involuntary dissolution. Dissolution is involuntary when the state dissolves the corporation, typically due to the corporation failing to pay taxes or file required reports, or engaging in some unlawful activity. Voluntary dissolution. Read more on info.legalzoom.com Closing … Read more

What happens when S Corp status terminates? When an S corporation does not adhere to a restriction, its S corporation status is terminated. A Form 1120S (U.S. Income Tax Return for an S Corporation) must be filed for the S corporation tax year that ended, and a Form 1120 (U.S. Corporation Income Tax Return) must … Read more

Why should I incorporate in Texas? By incorporating the company in Texas, you can avail numerous advantages that the state offers to the startups such as consistency, deductible employee profits, lawsuit protection, tax savings, as well as the protection of the personal assets. Moreover, you can also choose a separate person for the legal affairs. … Read more

What are Articles of Incorporation Philippines? The Articles of Incorporation is a document that is needed to form a corporation in the Philippines. The existence of a corporation begins after it has submitted the Articles of Incorporation to the SEC and the SEC issues a Certificate of Incorporation. Read more on www.wonder.legal A corporation must … Read more

What is non commercial agent? What Is a Noncommercial Registered Agent? Most individuals and many single-state registered agent companies fall under the category of a noncommercial registered agent, which are individuals or entities that have not filed a listing statement with the secretary of state. Read more on www.harborcompliance.com An individual or organization designated to … Read more

How long does a dissolution of a corporation take place? Estimated Period of Completion when Dissolving a Corporation. Assuming all documentary requirements are filed with the SEC, an application for dissolution where no creditors are affected or by shortening of corporate term, can take around one to two (1-2) months. Read more on ndvlaw.com A … Read more

What is a certificate of formation PA? The Certificate of Organization PA is a document that contains important information about your company and filing this document is a requirement to form your LLC in Pennsylvania. Read more on www.upcounsel.com To establish a limited liability company (LLC), an individual or group of individuals must submit a … Read more

Which states allow series LLCs? Some states allow you to form a series LLC and other states don’t. Other states that have a series LLC option include Alabama, Arkansas, Delaware, District of Columbia, Illinois, Indiana, Iowa, Kansas, Missouri, Montana, Nevada, North Dakota, Oklahoma, Puerto Rico, Tennessee, Texas, Utah, Virginia, Wyoming. Read more on www.thebalancesmb.com A … Read more

Can a registered office be a PO box? The general rule is that you cannot use a PO Box as a company’s registered office. It is important that a company’s official address is real and can be found by a member of the general public. The only time a PO Box address can be used … Read more