Plaintiff states while working for his business I (Took) money from his business
answered on Jan 23, 2023
You cannot retroactively change the name of the organizer once the entity is filed with the secretary of state. However, keep in mind that "organizer" does not mean that person is actually an owner of the company. It is simply the person or entity that files the articles.
Will be investing into real estate next year with a friend. We both have our own separate LLCs that have been established over two years and have business credit. The problem is...the names of the companies aren't geared toward the business venture we are looking to do now (real estate). We... Read more »
answered on Dec 7, 2022
Based on your posting forming a new LLC to operate the joint venture is likely to be the best option, so you might as well use the right business name to avoid having to register a trade name.
The Domestic LLC will officially be registered with the GA Secretary of State as "XYZ Co. LLC". I'm just trying to find out if I'm required to file for a DBA/Trade Name to drop the LLC portion for any kind of advertising or just reference to the company in general.
answered on Nov 16, 2022
Generally, just dropping the company designation (LLC or Inc.) does not require a trade name registration.
I do a side business inventing and making products within a specific industry. My full time job wants me to sign an nda Claiming ownership of products and intellectual property made or invented during time of employment and “relating in any way to employers business”. The two industries are... Read more »
answered on Nov 4, 2022
It really depends on the exact terms of the agreement and the specific facts of your side business. Have a business attorney review it and advise you accordingly.
I opened a LLC in Georgia in 2014 with 2 members in the Articles of organization, me and my spouse. I also elected for an S-Corp status (2553 & 8832) the same year. Now I want to revoke the S-Corp election AND also convert the multi member LLC to a single member LLC (my spouse will no longer be... Read more »
answered on Oct 11, 2022
No. There is no form to change to a single member LLC. You just transfer the membership interests to you from your spouse. And you do not need to record anything or file anything with the SOS unless you included ownership in the Articles of Organization.
I've been researching the best way to set up business entities and this is the conclusion I have come to. Is this an appropriate structure? Thank you
I am wondering if buying and renting residential property in GA means the out of state LLC needs to register as a foreign LLC in GA. No other business will be conducted outside of renting to tenants in the state of GA.
answered on Aug 16, 2022
Simply owning the property would not require foreign entity registration, but if the LLC rents out the property it would be deemed to be conducting business in Georgia and would be required to register with the Georgia Secretary of State.
answered on Aug 15, 2022
Only if the parties agree on the terms or the original purchase agreement permits the seller to do so.
answered on Mar 9, 2022
First, if you have filed articles of organization it is an LLC and not a partnership. And only if the articles list the members (owners) of the company would you need to amend them. (Listing the members is not required and is uncommon.) If they do, you can find instructions on the Georgia... Read more »
Is there a sample document you can provide please? I have submitted the document with all those details, Article One, Two and Three, but my application got rejected. Is Articles Of Amendment must? how should it look like? Is attaching Operating Agreement enough?
answered on Jan 10, 2022
Unless your current Articles of Organization list the members of the LLC you do not need to amend them. You just need to issue membership interests to the new members and have them sign a new operating agreement. However, the operating agreement should be drafted by an attorney since you will now... Read more »
Business is a franchise I have purchased from franchisor. Products are: monthly memberships for personal training service, the occasional apparel sale, beverage sales (bottled water, etc.), and nutritional supplements (sold online). I will have personal trainers who are my employees. I'm... Read more »
My investor is asking, aggressively, for my businesses bank statements and I don’t believe that this is documentation he is entitled to.
answered on Oct 3, 2021
Depending on what type of investment opportunity you are offering will determine whether state, federal, or both laws apply. If federal, then securities laws outlined in the Securities Act of 1933 and 1934 as well as regulations provided by the Security and Exchange Commission will apply.... Read more »
They are not giving me my money back out of the account and not allowing me to be apart of it
answered on Oct 3, 2021
Assuming that this person had an agreement with you to provide a good or service in exchange for your payment, then you likely have a claim against that person. These claims could include but are not limited to breach of contract, fraud, and unjust enrichment.
Depending on the underlying... Read more »
For example Coke makes brands like Sprite and Fanta. Their the same soda brand that have different soda. That’s what I am trying to accomplish. I have an LLC already in Georgia. Do I just make buy another LLC? Is there like a box I fill out out under my already owned LLC?
answered on Aug 3, 2021
You do not need any more LLCs
You need to register the brands to get protection against others who would want to use the same name
You need to consult with an attorney
I have two small businesses that are home-based. I would like to get one business to act as a parent company to the other small businesses we create.
answered on Jul 5, 2021
Good question and yes you can create multiple doing business as (DBAs) registered to a single LLC. However, you will run the risk or exposing yourself to liability by keeping all your eggs in one basket, because a claim against one DBA will be a claim against all them. It is wise to create... Read more »
I signed a agreement to start a company. Nothing has been filed/registered/, the business does not yet exist. How do I back out of the agreement? I no longer have the financial assets to start one. My “partner” claims he signed the agreement thinking it was an already existing company. However... Read more »
answered on Jun 3, 2021
Honestly? Anytime a person engages in drafting their own legal documents without the aid of an experienced attorney, that person has made a mistake. You should meet with a business attorney now to see what, if anything, you are now facing that will be harmful to you and whether it can be... Read more »
In other words, please confirm if an LLC who was properly served with process to the registered agent (who is not an attorney) by court order, needs to hire an Attorney to "Answer" a counterclaim lawsuit as a Third Party Defendant. And please confirm if there is any Georgia State law... Read more »
answered on Mar 27, 2021
Under federal and Georgia law, a limited liability company must retain an attorney to appear on its behalf and represent it in court.
As always, you should have a confidential discussion with an attorney who can thoroughly explore the facts of your situation, as there is some ambiguity in... Read more »
An idea I come up with but I have someone to draw it out in art for me on paper, but for me to have full ownership over the drawing because it's my idea. & if someone else uses it I have proof its mine and can sue anyway who use it for this own purpose without my permission?
answered on Jan 6, 2021
This looks more like an intellectual property matter than a business formation matter (where your post was originally uploaded). You could repost in the Copyright category. Not all questions are ultimately picked up, but your post remains open for four weeks. You would probably have better chances... Read more »
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