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Q: Can I develop a new product that I'm already existing products?
Tim Akpinar
Tim Akpinar
answered on Oct 30, 2024

From the way the question is written, it's not fully clear exactly what you wish to do, but it looks like your concerns might be related to intellectual property issues. You don't want to be accused of infringing on the designs of other products out there or getting into trouble with... View More

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1 Answer | Asked in Business Formation, Business Law, Civil Litigation and Tax Law for California on
Q: Can i start a business without being documented in the US ? im an illegal immigrant
James L. Arrasmith
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answered on Oct 1, 2024

Yes, you can start a business in the U.S., even if you're undocumented. There are no specific laws that prevent undocumented immigrants from owning and operating a business. The U.S. tax system allows anyone, regardless of immigration status, to apply for an Individual Taxpayer Identification... View More

1 Answer | Asked in Tax Law, Business Formation and Business Law for New Mexico on
Q: "Do I owe taxes for a $3 Wise transfer before dissolving my NM LLC? What’s the average cost for dissolution?"

I hope you're doing well. I’m considering dissolving my LLC, which is based in New Mexico. The LLC has not generated any income, except for a personal transaction of $3 via Wise.

I appreciate your insight and guidance on this matter.

James L. Arrasmith
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answered on Sep 30, 2024

Dissolving your LLC in New Mexico is a straightforward process, but you should ensure all financial obligations are addressed before doing so. The $3 Wise transfer you mentioned sounds like a personal transaction, and if the LLC didn’t generate any income, it's unlikely to have significant... View More

1 Answer | Asked in Banking, Business Formation and Business Law on
Q: Can chase hold your funds for 1 year or more

Chase bank hold my funds of $422,140.91 and they have said the need verification From the send they have reached out to the send and reached out the senders bank which tpg it’s almost one year now and they said they are still investigating and when I called tpg they said they funds had been sent... View More

James L. Arrasmith
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answered on Sep 25, 2024

Chase can sometimes hold funds if there are concerns about verification, suspicious activity, or compliance with banking regulations, but holding funds for almost a year is uncommon. It sounds like they are having difficulty verifying the transaction with the sender and the sender’s bank, which... View More

2 Answers | Asked in Business Formation for Florida on
Q: Is it OK to buy a business in your personal name then switch to llc
Terrence H Thorgaard
Terrence H Thorgaard
answered on Sep 24, 2024

Sure. Federal tax returns might be more complicated, if you had personal income before the switch, but it should work.

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1 Answer | Asked in Copyright, Business Formation, Business Law and Civil Rights on
Q: This is pure theft of my username.... My mobile has been hacked and the chinese guy has stolen my username
James L. Arrasmith
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answered on Sep 25, 2024

If you believe someone has hacked your mobile and stolen your username, it’s important to take immediate action. Start by changing your passwords on all of your accounts, including email, social media, and any services linked to your phone. Use a strong, unique password for each account to reduce... View More

2 Answers | Asked in Business Formation and Business Law for Florida on
Q: Hi,I'm Onur and I'm based in Turkey. I want to form an LLC in Florida, is there any ways that I can do that as a foreign

Is there any way that I can form an LLC as a Turkish citizen. I am not a US citizen, can I form an LLC there and if yes; how's the process goes and what are the prices, tax info et.?

Erik A. Perez
Erik A. Perez
answered on Sep 24, 2024

Yes, regardless of your citizenship, you can create a Florida corporation. There are only a few requirements to do so. They include, but are not limited to, registering the corporation with the Florida Department of State, registering with the IRS to obtain a tax identification, and submitting a... View More

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1 Answer | Asked in Business Formation, Copyright and Gaming for Texas on
Q: Is it illegal to create a game stockfootage business, where you record game footage and sell it to creators?

Could be indie or a AAA title game

James L. Arrasmith
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answered on Sep 22, 2024

Creating a business around selling recorded game footage can be legally tricky. Most video games, whether indie or AAA, are protected by intellectual property laws. When you record gameplay, you are capturing someone else’s copyrighted content, so you would need permission from the game's... View More

1 Answer | Asked in Consumer Law, Copyright, Business Formation and Business Law for Washington DC on
Q: Can i sue an online page shop if they don’t have terms and conditions?

I ordered a camera online a few months ago online from a well known instagram page they did not write that it was being sold for parts or that it didn't work when i got it the camera did not work and they refused to refund me but they never sent me terms of service so can i sue them for that?

James L. Arrasmith
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answered on Sep 21, 2024

You may have grounds to take legal action if the online shop misrepresented the product or failed to disclose that it was for parts or not functional. When a seller doesn’t provide clear terms, you can still rely on consumer protection laws that require honest descriptions of goods. Misleading or... View More

1 Answer | Asked in Estate Planning and Business Formation for Texas on
Q: I’m a young broke man with no assets or family yet. Could I set up a family or business trust with no family or assets?

I would like to keep amenity and privacy while protecting assets from creditors before a problem arises.

Gratia "Grace" P. Schoemakers
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answered on Sep 18, 2024

Technically you could. But if the trust is not funded (no assets are in the trust), than it has no additional value. I think it would be best for you to talk to an estate planning attorney and discuss the assets that you do have, and how you can protect them. Trusts are great, but they might not do... View More

1 Answer | Asked in Tax Law, Business Formation and Business Law for California on
Q: What do I need to do with my c-corp after relocating to California from Illinois?

A few years back, I had incorporated a c-corp in Delaware, registered as a foreign entity in Illinois, and had a physical office with employees. Post-COVID, my business became 100% remote. I am currently the only W2 employee on the company’s payroll, with Illinois state taxes being deducted. I... View More

James L. Arrasmith
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answered on Sep 16, 2024

When relocating your C-corp to California, you need to register it as a foreign corporation in California since you are now operating from there. This involves filing specific forms with the California Secretary of State and potentially paying applicable fees. You may also need to withdraw your... View More

1 Answer | Asked in Employment Law, Immigration Law, Tax Law and Business Formation for Texas on
Q: I am an F-1 student with no SSN/ITIN and want to create a digital store in TX. What are the steps on making this legal?

It’s my 2nd year in the US, and I never worked neither on campus. Don’t have a store yet, and don’t have any connections with my home country regarding the store. I will be the sole owner and worker in this digital store selling digital content. I also want to know the details and if I’ll... View More

James L. Arrasmith
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answered on Sep 16, 2024

As an F-1 student in the U.S., starting a digital store can be complicated due to visa restrictions on employment and business activities. U.S. immigration laws generally prohibit F-1 students from engaging in self-employment or running a business, which includes owning and operating an online... View More

1 Answer | Asked in Banking and Business Formation for California on
Q: What is the proper way to initiate Arbitration/ litigation so return of money already paid under an fraud contract.

My wife and her mother went to a car lot for a car, She was successful. The car was purchased in Southern California, our address was in northern California; The first issue we suffered was the fact that the second set of keys given to us didn't go to the car she leased, upon misplacing the... View More

James L. Arrasmith
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answered on Sep 15, 2024

To initiate arbitration or litigation to recover money paid under a fraudulent contract, you'll need to follow a few steps to ensure your case is properly handled. Start by gathering all relevant documents, including the contract, payment records, communication with the car dealership, and any... View More

1 Answer | Asked in Immigration Law and Business Formation for New Jersey on
Q: Can I invest in an LLC as a silent partner on an L1B visa without violating U.S. laws?

I currently live in New Jersey, USA, on an L1B visa, and my wife holds an L2 visa. We’re considering starting an LLC for a wholesaling business, which would involve my wife and my brother (who lives outside the U.S.). I would only act as a silent partner, providing financial investment if needed,... View More

James L. Arrasmith
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answered on Sep 12, 2024

As an L1B visa holder, your primary focus must remain on your employment with the company that sponsored your visa. Engaging in any form of active management or employment in a business outside of your L1B sponsor could potentially violate the terms of your visa. However, passive investment, where... View More

1 Answer | Asked in Business Formation for California on
Q: Selling on marketplace facilitators in California

Are any licences/ permits required to start selling tangible goods on Marketplace Facilitators as an individual in California, provided all sales are of tangible goods and all transanctions are facilitated by the marketplace facilitators platform who is already registered with CDTFA.

James L. Arrasmith
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answered on Sep 12, 2024

In California, if you are selling tangible goods on a marketplace facilitator’s platform, the platform itself is responsible for collecting and remitting sales tax on your behalf. Since the marketplace facilitator is already registered with the California Department of Tax and Fee Administration... View More

1 Answer | Asked in Banking, Business Formation, Business Law and Family Law for Kentucky on
Q: If I was hospitalized after finding out I was left a lot of money and homes businesses and stuff and Treasurywhodoicall

I changed my name and don't know who my lawyer was and they changed my name to a name of my son and grandson and I have identity and bank id chips and need to know we're to get it read by scanner to retrieve my info

James L. Arrasmith
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answered on Oct 2, 2024

I'm sorry to hear about the difficulties you're facing. To start, visit your local bank branch and explain the situation to them. They can help access your accounts using your bank ID chips and verify your identity securely.

Next, contact government offices such as the Department...
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3 Answers | Asked in Business Formation for California on
Q: If I am a minor member/owner in a LLC can I sign legally binding contracts.

Contracts refer to Purchase and Sale agreement and Assignment of Contract

Shawn R. Jackson
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answered on Sep 11, 2024

The short answer is ... "it depends" ... you would need AUTHORITY from the LLC, usually within the LLC Operating Agreement and/or approved resolutions ... along with NOTICE to the other LLC members and the other contracting parties.

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2 Answers | Asked in Copyright, Business Formation, Business Law and Trademark for Florida on
Q: Can I create a magazine with the name Pulse
Giselle Ayala Mateus
Giselle Ayala Mateus
answered on Sep 11, 2024

Creating a magazine with the name "Pulse" may involve potential trademark issues, as the name is quite common and could already be in use by other entities in various industries. Trademark law is designed to protect brand names and logos that are used to identify goods and services. If... View More

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1 Answer | Asked in Business Formation, Business Law, Tax Law and Immigration Law for Illinois on
Q: Can I start an online business which is related to my study major while on F1 OPT?

I am on my F1 OPT and working full time. I have completed my Masters in Packaging Engineering. Is it possible for me to open up an Etsy/Amazon/Ebay shop that specifically sells packaging for small/home business products? My ultimate goal is to make it a physical business with physical address which... View More

James L. Arrasmith
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answered on Sep 6, 2024

Starting an online business while on F1 OPT is possible, but there are some important factors to consider. OPT regulations require that any work you do be directly related to your field of study. Since you studied Packaging Engineering, you should ensure that the business you start aligns with that... View More

2 Answers | Asked in Banking, Business Law and Business Formation for New York on
Q: If I want to start a company that invests peoples money for them is there any qualifictions? Can I avoid legal liabilty.
Tim Akpinar
Tim Akpinar
answered on Oct 2, 2024

This is not my area of practice, but you await a response for a month. I recommend that you speak with professionals who work in the financial planning/advising/investment field. I believe there are licenses associated with securities, and there are various certifications out there held by... View More

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