Get free answers to your Business Formation legal questions from lawyers in your area.
answered on Dec 20, 2016
The issuance of "stock" implies for lawyers a "C corp." or "Subchapter S" corporation. Alternatives like an LLC entity allow sale of ownership interests that are not technically stock or shares but perform the same legal function. You should consult a business... View More 
I’ve gone and purchased another building out of state — should I use the same LLC for that one, or form a new one if the other state?
answered on Nov 23, 2016
You ask if you should create a new limited liability company (LLC) to own and manage an out-of-state building (commercial?) that you recently acquired.
There is no one "right" answer to this question, but I recommend you look into either the creation of a new LLC (it may have to... View More
answered on Feb 23, 2017
If the company is an "C corp." or "Subchapter S" corporation, you would transfer stock. If the company is an LLC, you would transfer membership units. Membership units are not technically stock or shares but perform the same legal function. You should consult a business... View More
I would be managing partner and handle all trade decisions. Would this mean I would need to be an accreditted investment advisor?
answered on Sep 5, 2014
Yes it's legal. I can set one up for you, and provide a draft operating agreement.
answered on Jul 15, 2011
being self-employed is the same as being a sole proprietor - just different terminology. when you create an LLC or a corporation, you create a legal entity and you are simply a member or shareholder of that entity. good luck.
Is this the file number given on the llc-5.5 form filed with illinois?
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answered on Jul 22, 2011
It is the number assigned to your LLC by the Secretary of State.
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answered on Jul 22, 2011
Best bet is to call a board meeting to ratify and follow the formalities including a written resolution properly executed.
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answered on Jul 18, 2011
File two duplicate originals.
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