I have a Social Business Idea that has a few ways to be monetized and I don't want to be completely limited by the Non-Profit sector. I want to file for incorporation but don't know what Umbrella a Social Enterprise falls under.
The answer partially depends on what you're trying to accomplish: If the proposed purpose is solely benefit-related, without the desire or need to assign profits or owners/shareholders/members, then you're probably in (traditional) non-profit corporation territory. Alternately, you may be...Read more »
Dollar difference in security he started acting weird he has not given us a lease for the new place were in and has not come to collect rent or returned any of our calls at this point I don't trust thus situation and di.t want to live here. What ate my options
Well...if you don't have a written agreement, then what you technically have is a month-to-month lease...and what the rent is supposed to be is admittedly a bit of a mystery, but at worst, it's the rent from your old/other apartment. Typically that would be decided by the history of what you had...Read more »
The shortest, best answer is..."it depends on the terms of the Lease Agreement." But based on your question, I suggest that the answer is, "probably not." Let me clarify a few points, though: First, as you know, many State statutes permit landlords to charge both a "Security Deposit" and request...Read more »
In the state of Massachusetts its illegal to sell alcohol after 11pm in stores. If there was a company that sells and delivers candles 24 hours a day, can the company give free alcohol as a gift to the buyer after 11pm? Technically it's legal but I wanted to know what problems this company might... Read more »
I strongly recommend that you contact the Commonwealth's Alcoholic Beverages Control Commission, which will almost certainly have a position on this. As a practical matter, Massachusetts law prohibits any unlicensed sale, storage, transportation, importing, exporting, and manufacturing with the...Read more »
I need to break this down a bit: Yes, it's a good idea to "start an entity for asset protection," but what people typically mean by that is that they wish to protect their personal assets from any liability related to their business venture. Therefore, they form an appropriate entity for the...Read more »
I'm completing the (MA) Articles of Entity Conversion of a Domestic Other Entity to a Domestic Business Corporation. The LLC has a sole proprietor who wants the corporation to have one share of stock. The new owner/stockholder is President, Treasurer, Secretary, and Director.
If I can assume that by, "with one share of stock" you're also suggesting that you're the Sole Shareholder of the (current) corporation, and will be the sole Member of the (new/prospective) LLC...then yes. You are the only party with relevant authority over what restrictions you put on the shares...Read more »
Living in one State but forming an LLC in another State isn't the appropriate question to be asking...the right questions have more to do with whether your business has enough of a "nexus" of activity in the non-organizing State to require qualification in the non-organizing State. In plain...Read more »
Yes. The State-registered non-profit corporation is essentially the "trunk" upon which you then add various "branches," including your Employer ID number, related 501(c)3 or other non-profit/exempt status, etc.
I entered into a general contractor agreement with a company who represented themselves as a registered LLC I performed the work they contracted me to do but they never paid for my services and then I come to find out they were administratively dissolved when they entered into the agreement with me.
Under most States' laws (and it's important to check on a case-by-case basis, because each State in the U.S. has a separate and distinct set of laws relating to Limited Liability Companies, though most overlap quite a bit), once an LLC is dissolved (administratively or otherwise), there is usually...Read more »
Most States have a legal requirement for certain professional businesses--frequently including attorneys, medical practitioners and accountants--to incorporate as Professional Corporations or Professional Limited Liability Companies. The basic gist of such entities is that individuals forming the...Read more »
"Expressed interest" is a very vague term. In terms of basic contract law, if you entered into a contract (and a strong preference is that it be in writing, but I'll note that in many instances, verbal contracts can absolutely be legally binding), then you are bound by that contracted agreement....Read more »
Typically, if the name you want to use hasn't already been used in your State, then the State--or in this case, the Commonwealth--won't object to you using that name for your business' formal name (or for fictitious business name). You'll also probably find that you're able to successfully file...Read more »
I've heard of people having their jewelry on etsy removed due to having a semicolon in their design. It does refer to the project semicolon organization but is just the actual punctuation mark, not their logo or anything like that. Is it still not allowed?
I'm not representing that this is a formal Trademark search, but I was curious enough about your question to look into it. First, there's no particular reason barring the trademarking of a symbol (unless it falls into one of the other disqualifying rationales such as hate speech/offensive, or the...Read more »
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