Legal

Is an unsigned operating agreement binding in California? The “”Statute of Frauds”” and LLC Operating Agreements. Like many contractual arrangements, LLC operating agreements in California (and many other states) can often be enforceable even if they are the product of oral discussions only and are not in writing and signed by the members. Read more … Read more

Who Cannot be an escrow agent? In many states, escrow agents must be properly licensed in order to conduct business. In addition, the escrow agent must be someone who is not otherwise associated with the transaction. For example, the buyer’s real estate agent or the seller’s attorney cannot hold the escrow account. Read more on … Read more

How do you remove a member from LLC in Illinois? To amend your Articles of Organization for an Illinois LLC, you must file Articles of Amendment with the Illinois Secretary of State, Department of Business Services, Limited Liability Division. In addition, you must pay a $50 filing fee. Read more on www.northwestregisteredagent.com A limited liability … Read more

How do I change my statutory agent in Ohio? How to Change Your Statutory Agent in Ohio. To change your statutory agent in Ohio, you must complete and file a Statutory Agent Update form with the Ohio Secretary of State, Business Services Division. The Ohio Statutory Agent Update must be submitted by mail or in … Read more

Do you need a business license in RI? Not every Rhode Island business needs a license. However, many types of businesses either can or must get one or more license or permits. Apart from certain professional and occupational licenses (see below), a business may need a license or permit for so-called commercial purposes or in … Read more

What are bylaws Delaware? What Are Delaware Corporation Bylaws? Delaware corporate bylaws set the rules for the company, including stockholder meeting procedures, stockholder and/or officer duties, voting regulations, day-to-day guidance and more — all of which help the business run smoothly. Read more on www.delawareinc.com A corporation, nonprofit organization, or limited liability company (LLC)’s internal … Read more

How do I dissolve an LLC in NH? To dissolve your domestic LLC, submit a completed Certificate of Cancellation of New Hampshire Limited Liability Company to the New Hampshire Department of State (DOS) by mail or in person. You can type on the form or print in black ink. Read more on www.northwestregisteredagent.com A limited … Read more

Is a certificate of Good Standing required in Georgia? Georgia businesses are not legally required to obtain a certificate of existence. However, your business may choose to get one if you decide to do business outside of Georgia or get a business bank account. Read more on howtostartanllc.com A certificate of good standing is a … Read more

Is a cooperation agreement legally binding? The purpose of Partnership Agreements is to foster interaction, cooperation and coordination between the parties in the furtherance of the public health. Partnership Agreements are not legally binding and do not constitute a promise on the part of either party for performance. Read more on www.fda.gov An official partnership … Read more

Can an accountant draft an operating agreement? Business lawyers have the training and experience to properly draft important business legal documents like contracts, non-competes, and operating agreements. Accountants and CPAs are simply not qualified to prepare important legal documents. Read more on www.davidsteinfeld.com A limited liability company’s (LLC) structure and internal workings are described in … Read more