Q: Small Business legal advice
I registered three business names as LLCs and received EINs in New York State. One business is online (functions in Pennsylvania) and the other two are for real estate and branding purposes. I haven't made any money and I forgot to publish the businesses in the newspaper. Should I publish now or not bother since I've made no money? I also need business counseling regarding establishing a resort, with multiple types of businesses and amenities. Should I change the legal structure since I will need to pay myself when I make a profit? There is so much to learn. Will the DOS close my business for not publishing or will I receive a letter of warning? I'm considering changing the location of the business to qualify for certain startup grants and business funding.
A:
The good news: there is no publication / advertising requirement for Pennsylvania LLCs. There's also no need to change the LLC structure in order to pay yourself when the business profits (or even before it does). We can take up the general business counseling in an out-of-band communication. Good luck!
- Rob
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