Get free answers to your Business Formation legal questions from lawyers in your area.
I founded a for profit school 13 years ago that I would like to know transition to have nonprofit status. What steps should I take to start this process? Our school is mission-based. Wondering if I create the nonprofit entity then close the for profit after moving assets over or some other process?... View More 
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
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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
So many restaurants claim they are selling wings when they are in facts selling wings cut into 2 counting them as an individual wing. tA wing is a drum and a flat TOGETHER not separatley
answered on Sep 16, 2024
A consumer protection attorney could advise best, but your question remains open for three weeks. Many law firms could be reluctant to handle such a lawsuit. But you reach out to firms to discuss - some might see things differently. Good luck
We will be providing free CPR classes taught by a certified instructor, we will not give out CPR certifications.
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answered on Aug 20, 2024
If you're planning to start a nonprofit providing free CPR classes without issuing certifications, it's generally advisable to register your initiative. Here's why:
1. State Incorporation: Incorporating as a nonprofit in New Jersey provides legal recognition and liability... View More
Is this possible in NJ? And if so, what are the initial steps that I should be considering?
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answered on Mar 1, 2024
Here are the key things to consider when changing a private school in New Jersey from an LLC to a 501(c)(3) nonprofit:
- It is possible to make this change in NJ. You would need to dissolve the LLC and then incorporate as a new nonprofit entity.
- To qualify as a 501(c)(3), the... View More
I need to establish an employer-employee relationship by appointing two other directors. What is the procedure that makes the appointments legal and substantive?
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answered on Aug 11, 2023
That is determined by the corporate formation documents and the operating agreement, which no one here can know. So you need to retain an experienced corporate attorney. With modern technology, you can be represented by any high-quality attorney in New Jersey irrespective of geography.
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answered on Jul 3, 2023
Your question is not clear. To form a business in New Jersey you need to retain an experienced business formation attorney. The attorney will enable you to have the right corporate entity and the appropriate legal documents must be custom drafted. If you use some template-based service like Legal... View More
answered on Jun 22, 2023
First speak to your accountant as to the organic tax implications, the retain the services of a mukti state law firm who can best address these issues.
For Example, Currently:
Shareholder 1 owns 51% - President
Shareholder 2 owners 49% - Vice President
The New breakdown will be
Shareholder 1 owns 51% - President
Shareholder 2 owns 24.5% - Vice President
Shareholder 3 owns - 24.5% - Treasurer... View More
answered on Feb 20, 2023
The corporate record book should be updated and kept current showing shareholders' interest, number of share held, transfer information, purchases, and dates of such activity.
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answered on Dec 21, 2022
Unless an attorney is licensed in both CA and NJ they cannot provide you with a meaningful answer.
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answered on Nov 8, 2022
There is a lot that goes into asking and answering this question. The legal aspects are probably secondary to business planning. Before you need an attorney you need to have a clear idea, a business plan, sufficient funding, and the right personal environment to launch a business.
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answered on Nov 6, 2022
New Jersey Uniform Limited Liability Company Act is the primary law that allows that. A Certificate of Formation must be filed by at least one person with authority to organize the LLC with the New Jersey Department of Revenue. The LLC is formed once the certificate is filed unless a deferred... View More
Is there a specific warehouse license I need and would a sitting area be allowable or considered a byob?
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answered on Dec 6, 2021
Hi there.
In NJ, alcoholic beverages can only be stored in an area that is included in the licensed premises or in a
licensed public warehouse. In case of a temporary need to store alcoholic beverages elsewhere, a licensee
may apply to the Division of A.B.C. for a special... View More
I do medical transcribing parttime from home. The group I work with was audited by NJ 5 years ago and fined because the transcribers that live in NJ supposedly need an s-corp license, not an LLC. This applied to only those who live in NJ. Why? I opened an s-corp this year and the cost of running a... View More
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answered on Oct 5, 2021
An "S" Corp is the accountant's best friend and your worst enemy. You need to retain an experienced licensed attorney to custom draft the documents required for an LLC. If you are not at least a 3 member LLC the "corporate veil" that protects you from liabilty can easily be pierced.
I have a legal EIN and registered business with state and federal , what ever i do they copy to the excat measures i do I am not sure if they are legal or not
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answered on Feb 9, 2021
Your situation is something that will require an in person document review and more facts, which will be beyond what most attorneys would include in a free consultation. Paying for an hour of an attorneys time will be a wise investment and you will know how to proceed. During this pandemic, you... View More
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answered on Dec 22, 2020
That is a possibility, however, the entire concept and what you envision would require an in-person consultation, which would be beyond the scope of what most attorneys will include in a free consultation.
What licensing will I need to acquire and how much will I be taxed or charged to hold the business
answered on Jun 14, 2020
You need to speak with a lawyer, this not a question that can be answered in a free short question and answer posting as many questions need to be asked by the lawyer.
I’m in the works of a clothing business and want to know what steps I need to take in order for the name to be secure? I want the brand name safe from being taken. Also curious if there’s a way to copyright it, or whatever the proper terminology is, before launching the business?
answered on May 7, 2020
If the word you use for your company's name is also the trademark/brand you want to protect, that can be done by filing an Intent to Use trademark application with the USPTO. This kind of application can be filed before you open for business. It is a way to put down a "tap tap... View More
2 companies, same NJ town, similar names (names changed for privacy).
Company #1 - XYZ Electric. They hold both Electricians & Home Improvement Contractors license under the name XYZ Electric. They don't have a registered DBA. Co #1 was in business before co #2.
Company #2... View More
answered on Feb 21, 2020
If company 2 trademark is not registered with state or USPTO then you’re likely out of luck because the marks practically need to be identical. If it is registered then it obviously bodes well for co2. With that being said, there are a lot of grey areas in the law and speaking with an attorney... View More
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answered on Dec 5, 2019
Each LLC should have at least three members and it's own insurance policy. All LLCs should be owned by a "C" corp. Anything else is not going to protect you from personal liability. You really need to retain an experienced business and contracts attorney.
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