LLC Law

Who do I file my operating agreement with? Despite being an important and worthwhile part of starting a company, an operating agreement is not a document that states require LLCs to file. Instead of filing this document with the Secretary of State, companies should keep their written and signed operating agreements with other important LLC … Read more

Can you have a general partner in an LLC? To avoid the personal liability of a general partner, an entity such as an LLC is often created to serve as the general partner of a limited partnership. The LLC was created to offer the flexibility of a partnership while providing corporation-like protection against personal liability. … Read more

Can members bind an LLC? Once the Articles of Organization are filed indicating that the LLC is member managed, any member of the company can legally bind it, create contracts, and otherwise act as an agent of the company. Read more on www.potelawfirm.com A common business form that shields personal assets from corporate liabilities is … Read more

Is Ohio secretary of state open? Regular office hours 8:00 a.m. to 5:00 p.m. Eastern Time, Monday-Friday. Read more on www.ohiosos.gov The government organization in charge of policing and directing commercial operations in Ohio is the Secretary of State of Ohio. You may have inquiries regarding the Ohio Secretary of State and its services if … Read more

Does Missouri allow LLC domestication? Missouri law has no provisions for entity domestication. If you plan to move your company to Missouri your can choose between qualifying your existing company as Missouri Foreign Entity, or dissolving it in the original state of registration and forming a new company in Missouri. Read more on www.myusacorporation.com One … Read more

What is a Series B LLC? Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company. Series H Preferred Stock means the Series H Convertible Preferred Stock, par value $0.001 per share, of the Company. Class B Units has the meaning set forth in the LLC … Read more

Can a Wyoming LLC own property in another state? Yes, but owning and operating property in a state other than the one it was organized in may constitute “”doing business”” in the state where the property is located and require the LLC to register (“”qualify””) as a foreign LLC in that state. Read more on … Read more

Can I walk away from an LLC? If you opened a limited liability company (LLC), you can’t just walk away if it doesn’t work out. You need to make the effort to formally close the LLC if you don’t want to be hit by unexpected expenses later. Read more on smallbusiness.chron.com You can withdraw your … Read more

Does Florida require an operating agreement for LLC? Florida doesn’t require that you have an Operating Agreement for your Limited Liability Company (LLC), but it is recommended that you have one. When setting up your company, it’s beneficial to seek legal advice from a Florida LLC Business litigation attorney. Read more on www.mccaberabin.com The operating … Read more

Does NJ allow LLC domestication? At this time, the governing statutes of no New Jersey entities (other than LLCs) authorize such entities’ conversion or domestication as contemplated by NJRULLCA. Thus, a New Jersey LLC can convert to a Delaware corporation, for example, but not a New Jersey corporation. Read more on www.csglaw.com Due to their … Read more