Get free answers to your Business Formation legal questions from lawyers in your area.
Lawyers, want to be a Justia Connect Pro too? Learn more ›
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.
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Sep 12, 2019
What I almost always recommend to clients with very rare exceptions is to form a "C" Corp (INC) and have the "C" corp own each LLC, with no more than 1 project in an LLC at any one time. The LLC must be at least 3 members. This puts two layers of corporate protection between you and any problems.
Main thing is, I'm trying to set up a payroll, and I just want to know what to tell the payroll company (e.g., ADP) when they keep asking about the "employee."
answered on Jul 7, 2019
You could but you have not provided a defense, for example what does it mean by the road was not closed clearly? If you gave this defense to the judge without a clear explanation and proof, you will lose.
I have business since 20 years in India. Now I want to setup a business in USA and apply for L1-A visa as a business owner. My friend is living in USA so I will open a partnership ( 50 50 %) firm with him. What type of business type, we need to register to start a business in New Jersey state?... View More 
answered on Mar 8, 2019
Good question, but if your looking to get an l1 you will need to do a lot more than just open a company in the US. First visit the US maybe on a tourist visa and while here setup an in office consultation and speak to an immigration lawyer who also knows business formation law.
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Dec 8, 2018
Yes, they would be able to, but it is not likely. So, I suggest that you renew it now.
Specifically, I am looking for what is required in regards to officers and trustees. I am not sure if Title 15a or Title 16 applies. If Title 16 applies, does that mean no provisions from Title 15a apply? If Title 16 applies, which section is applicable to my church as a non-denominational church?
answered on Sep 5, 2018
The answer generally depends on how the entity is formed. You need to speak to a lawyer, I suggest you setup a consultation with one, it may cost you money for the consult, but at least you will get the advise you need.
The LLC was registered last May and I invited one of my friends to work together in September last year. Currently, I have 100% ownership. My friend wants to have 35% ownership. But based on his contribution, this percentage is too much high. We don't have any agreement in written so far. But... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Sep 3, 2018
This is a prime example why people who want to set up a business need to retain an attorney to prevent problems, especially when you mix business and friendship. A one member LLC is useless. I would never set up less than a 3 member LLC for any client. The next thing you need to do is have your... View More
Our Japanese parent company, started this subsidiary back in the 80's. We purchase their products from them, pay them in full, and don't share the revenue from the deals that are made. That is the extent of the relationship. What really makes me question if we are a legitimate subsidiary... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Jul 21, 2018
You need to have an in person consultation and extensive document review, to make that determination and to find out exactly what you can and cannot do. You need a law firm that has both civil litigation and intellectual property experience. Pick the best lawyer you can find and remember one rule:... View More
answered on May 11, 2018
Yes, you should hire a lawyer to make sure that they appropriate for you type of business otherwise you may have a problem in the future.
The agreement stipulated that the company would pay my back taxes of about $20000 in the first 6 months of operation at which time I would be listed as an owner.
I solely run the daily operations of this company,all clients were brought with me into this agreement.. In return for investing,... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Apr 29, 2018
You need to retain an experienced litigation attorney who has experience in handling these types of cases. To properly answer your questions and address your concerns, the best way to handle this is by retaining an experienced litigation attorney. You need the best attorney you can afford, do not... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Apr 21, 2018
No one on this forum, is going to do the research for free to answer your question. This will require a paid legal consultation with an experienced business attorney. Pick the best lawyer you can find and remember one rule: a good lawyer is generally never cheap, and a cheap lawyer is generally... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Apr 10, 2018
As long as you want to operate the business. You really need to have an in person consultation to set up the right corporate structure, have the proper protection for any intellectual property that you may have, as well as have contracts properly drafted to avoid unnecessary problems and potential... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Apr 6, 2018
Some things are just prudent to do whether or not they are legally required. Business formation should only be done with the assistance of an attorney who knows the corporate structures and can help protect both you and your business from all sorts of problems.
*Regarding Corporate Law*
Our business plans to bid on and fill small-to-medium sized U.S. government defense contracts primarily regarding ammunition, firearms, and related military accessories. We currently have 2 employees (founders), and are located in New Jersey. As of yet, we have no... View More
answered on Nov 15, 2017
A good business lawyer would need to know much more information to give you the correct answer. I suggest you setup a consultation with one (lawyers charge for time and advise) and expect to pay a at least a few hundred dollars. But that small fee could save you thousands later on. Just for your... View More
He wants out and doesn't want to be apart of it. Now wants all the money he invested back. Can he cone and take his equipment back that he bought from the property that I lease?
answered on Sep 17, 2017
Maybe it would depend on the terms of your operation agreement which I hope you have.
My friends and I (3 of us) started a website about 8 month ago. In order to complete our site, we need to integrate/work with a third party company. The following is a silly illustration/mock of our idea:
We created a website that matches candidates to shelter pets through a survey.... View More
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Jul 8, 2017
Not without retaining experienced legal counsel to accompany and advise them every step of the way.
How close can a company get to not being called a bank legally?
Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Jun 30, 2017
Your question is too vague to answer.
Can a company sell virtual points that people can buy and use to buy stuff from stores that agree to cash in those points for money at the end of every month from the company?
How CLOSE can a company get to avoid been called a bank legally?
answered on Jun 30, 2017
Your able to loan money within certain interest rate limits but cannot maintain money accounts or participate in issuing credit cards or anything offered by Federal Reserve. But this a very tricky area that needs lots of research as failure to follow state guidelines can lead to imprisonment. You... View More
Should that be as a loan to the company or a capital account? Is one better than the other in a chapter 7? Contributions were made a long time ago.
answered on Mar 7, 2017
It should be listed as it is held in the books and records of the LLC.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
