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Business Formation Questions & Answers
1 Answer | Asked in Bankruptcy, Business Formation, Business Law and Civil Rights for Illinois on
Q: I started a nail salon with someone. She didn’t have money to start it so I let her borrow from me but we didn’t make a

We didn’t make a contract. We worked for a month and a half now but we fell into a disagreement and she left and won’t respond to my calls. I’ve been working alone without even paying myself. How do I proceed from here when she won’t respond to any of my messages and calls.

Timothy Denison
Timothy Denison answered on Jan 26, 2022

If there’s no agreement, just move forward as if the salon is yours. She has no interest since she provided no investment.

1 Answer | Asked in Business Formation and Business Law for Connecticut on
Q: Can I use a virtual address to form my LLC in Connecticut?

I tried iPostal1 it was denied, my friend in the past used Regus but I’m not sure how valid that is

Joseph B. LaRocco
Joseph B. LaRocco answered on Jan 25, 2022

Yes. The directions to filing provide as follows:

"PRINCIPAL OFFICE: Include street number, street name, city, state, and zip code. No P.O. Box."

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Also, in Connecticut a limited liability company must list the name and address of a registered agent with a...
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1 Answer | Asked in Business Formation, Business Law and Tax Law for Utah on
Q: I want to register an anonymous business in Wy, then in Ut where I live. When I register in Ut, will I lose anonymity?

I have an e-learning business. I want it to remain as anonymous as possible. So I plan on registering in Wy. I do all the work out of Ut, which means I probably need to register here as well.

1. Do I need to register in both states if I do all the work in Utah, or can I just register in... Read more »

Kenneth Prigmore
Kenneth Prigmore answered on Jan 25, 2022

It is not necessary to register in two states. In Utah, you can register a new business without revealing the names of the owners. To do this, you will need help from a third party like an attorney or registered agent services.

The newly created company will need an address, contact info,...
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1 Answer | Asked in Business Formation and Business Law for Texas on
Q: Do I need to get a foreign LLC in order to operate in Texas? Or can I just use the Anonymous LLC in New Mexico?

Question about Anonymous LLC from New Mexico.

If operating in Texas for an at home operated online business, but no items will actually be made in the home. It's a publishing company to have books made by Amazon or print on demand company's.

Jaime Victor Papa
Jaime Victor Papa answered on Jan 24, 2022

I recommend that you hire a business attorney, so that you are equipped to make the best decision for your business and are protected from liability.

1 Answer | Asked in Business Formation and Business Law for Colorado on
Q: I belong to an artist co op that is set up as a not for profit corporation. Can we post "calls for artist" on our web

Currently we find new artists (who are shareholders and purchase their share for $50 when they join. that $50 is refunded to them when they leave) by accepting applications from our website or from artists who come into the gallery, we also find new artists at art fairs. We would like to post a... Read more »

Kevin Michael Strait
Kevin Michael Strait answered on Jan 22, 2022

Colorado business can be for-profit, not-for-profit, or a benefit corporation. For-profit corporations and benefit corporations can invite folks from the public to become shareholders, but must obey some fairly complicated rules about advertising stock, publishing a prospectus, and following... Read more »

1 Answer | Asked in Business Formation for Florida on
Q: I have a single member LLC in Florida. Is it a bad or good idea to add my 18 years old son to the LLC?

For asset protection I need a multi member LLC

Terrence H Thorgaard
Terrence H Thorgaard answered on Jan 21, 2022

Where did you get the idea that a multi-member LLC is needed for "asset protection"? The owner or owners of a legitimate limited liability company are not generally liable for the debts of the LLC. On the other hand, creditors of the owners may levy upon a LLC (and its assets) to... Read more »

2 Answers | Asked in Banking, Business Formation, Estate Planning and Real Estate Law for Texas on
Q: Can I get a loan for my current house, place it in LLC, rent it out, and use the money from the loan to buy a new house?

I am trying to find the best financial solution to invest in real estate. I have paid off my house and would like to move in 18 months. I like this house and would like to hold on to it as a rental property. I will need the proceeds, either through the sale of the house, or from obtaining a... Read more »

Jaime Victor Papa
Jaime Victor Papa answered on Jan 24, 2022

Yes, you can place your home into an LLC. I recommend that you meet with a business lawyer to assist you with this process. I also believe you should consider a revocable living trust, because you have homes in separate states. A revocable living trust will allow you to avoid probate court. With... Read more »

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1 Answer | Asked in Consumer Law, Products Liability, Business Formation and Business Law for California on
Q: Is it illegal to resell abandoned used cloths?
Leon Bayer
Leon Bayer answered on Jan 19, 2022

Selling used clothes is legal.

1 Answer | Asked in Business Formation and Trademark for Florida on
Q: is the Figurella Method a registered trademark? Can I open a business that does the same type of Figurella business ?

is the Figurella Method a registered trademark? Can I open a business that does the same type of Figurella business under a different name? Should I modify something in the method to avoid any legal complications?

Linda Liang
Linda Liang answered on Jan 18, 2022

You need to hire an attorney to conduct a research for you and give you advice accordingly. Without more information, it is impossible to know the answers.

1 Answer | Asked in Contracts, Business Formation and Business Law for Indiana on
Q: My dad was the sole owner of an llc. He has since passed away. Do we restructure or start a new one?
Michael Ray Smith
Michael Ray Smith answered on Jan 16, 2022

A single member LLC is dissolved unless, within 90 days of the member's death, the deceased member's personal representative takes action to designate at least one new member. If an attorney was hired to handle the probate estate, talk to that attorney about it, or contact a lawyer... Read more »

1 Answer | Asked in Business Formation and Entertainment / Sports for Pennsylvania on
Q: I want to create a Subsidiary under my current LLC. Do I create the Subsidiary as a new company with a separate ein?
Michael Cherewka
Michael Cherewka answered on Jan 16, 2022

This question is far to general for a forum like this. You should meet with your attorney and your CPA to discuss why you are creating a new company, and also whether it should be a subsidiary of your current LLC. Also depends on the tax status of your current LLC

1 Answer | Asked in Banking, Business Formation and Business Law for Texas on
Q: I want to file my DBA, can I shorten my DBA name or do I have include the entire name?

ie. The Bakery Shop vs The Bakery Shoppe Cupcakes & Treats

Jaime Victor Papa
Jaime Victor Papa answered on Jan 12, 2022

Yes, you can shorten your DBA name or use an entirely different name. I often work with clients to help them with this process.

1 Answer | Asked in Business Formation for Florida on
Q: I had a question about corporate governance - professional association (PA) vs LLC in florida

I'm part of a non-physician-owned group that acquired a professional association in a stock purchase with another LLC. I got feedback that an LLC cannot own a PA. Do I need to change the PA entity - articles of incorporation, etc.

Linda Liang
Linda Liang answered on Jan 11, 2022

The central issue is not the PA, per se. It is splitting the fees. In general, physicians are prohibited to split fees with non-physicians. A few exceptions exist. One of them is exception to corporate practice where they do not hold out to the public as health care clinic. Some of the examples are... Read more »

1 Answer | Asked in Business Formation for Georgia on
Q: I am not changing the name of organization, I just want to add additional members to the org, which I forgot initially.

Is there a sample document you can provide please? I have submitted the document with all those details, Article One, Two and Three, but my application got rejected. Is Articles Of Amendment must? how should it look like? Is attaching Operating Agreement enough?

Glenn M. Lyon
Glenn M. Lyon answered on Jan 10, 2022

Unless your current Articles of Organization list the members of the LLC you do not need to amend them. You just need to issue membership interests to the new members and have them sign a new operating agreement. However, the operating agreement should be drafted by an attorney since you will now... Read more »

1 Answer | Asked in Tax Law, Business Formation and Business Law for Georgia on
Q: Is it correct that my fitness franchise that I am opening in GA will have sales & use tax?

Business is a franchise I have purchased from franchisor. Products are: monthly memberships for personal training service, the occasional apparel sale, beverage sales (bottled water, etc.), and nutritional supplements (sold online). I will have personal trainers who are my employees. I'm... Read more »

Glenn M. Lyon
Glenn M. Lyon answered on Jan 5, 2022

Yes, for both the services and products.

1 Answer | Asked in Divorce, Business Formation and Business Law for Missouri on
Q: I need to sell off a one restaurant location operating under a single corporation (the same EIN) w 2 locations.

I own 3 restaurants (one of which my wife and I bought in 2014. The other two I had before we married). This 3rd restaurant operates under one of my original corporations formed in 2005, and she would like to buy me out (we are divorcing amicably) and I need the expertise to properly set her up... Read more »

Jennifer Sheila Kornblum
Jennifer Sheila Kornblum answered on Jan 4, 2022

First of all, congratulations on working this out amicably. Dividing up these assets will involve at least one written agreement between the two of you, and should also include the formation of a legal entity by your wife, as you indicate. I strongly encourage you to seek legal counsel to assist... Read more »

1 Answer | Asked in Contracts, Real Estate Law and Business Formation for California on
Q: Can a business owner keep my deposit if we needed more time in order to buy the business but she sell it to someone else

We put in a deposit to buy a business but due to unforseen circumstance at my work, I need more time before I can quit my job and start the business. There was no agreement signed stating that the deposit was non refundable but she refused to refund my money and is planning to sell to someone else.... Read more »

Yelena Gurevich
Yelena Gurevich answered on Jan 3, 2022

it's generally not a good idea to give anyone a deposit without a written contract. at this point you will either need to pay a business attorney for a complete consultation and advice or possibly take your chances in small claims court (if the amount is under $10,000).

2 Answers | Asked in Business Formation and Business Law for Pennsylvania on
Q: Does a PA (USA) Sole Proprietorship have to file DBAs for other states and Foreign Countries?

Background: I am going to see life coaching clients from all over the USA/world by online teleconferencing software.

Do I need to file DBAs for each USA States and Foreign Country when I encounter a new client from a new country/USA state?

Robert Kost
Robert Kost answered on Jan 3, 2022

Assuming you will be 'headquartered' and conducting business in PA from a teleconference originating in PA, I believe the answer is "no."

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1 Answer | Asked in Government Contracts, Banking, Business Formation and Business Law for California on
Q: I received an email from " Jerome Powell " saying the federal reserve bank has millions o dollars in my name . There

Supposedly their is a large fund from the imf that belongs to me , it's been going on for 4 yrs now . What are the chances it's real ? I have acct numbers docket numbers but where can I validate them

Julie King
Julie King answered on Dec 27, 2021

It's almost certainly SPAM, but a lawyer would need to look at the actual email to tell one way or the other. Look at the email address from which it came. Does it end with .gov or .com? All government addresses should end with .gov. Also, if they ask you for your social security number or... Read more »

1 Answer | Asked in Business Formation and Trademark for Indiana on
Q: Hi I want to use a fish in my logo for a christian clothing site can I be sued by christian mile or anything like that
London Davenport
London Davenport answered on Dec 21, 2021

You should hire a trademark attorney to assist you with a trademark search and filing the application for your mark.

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