Get free answers to your Business Formation legal questions from lawyers in your area.
Your current state is Virginia
The phrase I want to use is trademarked by one LLC in connection with fragrances and related products, and by another in connection with coffee-based beverages and caffeinated soft drinks. I would like the trademark for a YouTube video show about basketball, and potentially for merchandise... View More
answered on Jan 17, 2025
Yes, it's possible to trademark a phrase for use in an unrelated field, even if it's already trademarked in other fields. If your trademark does not create a 'likelihood of confusion' with the existing trademarks in the minds of consumers, you may be able to register it for your... View More
I own a game on the popular gaming platform Roblox.com. A 3D modeler from Brazil has reached out with interests to join me under the provisions of a 10-year partnership contract. Details: the modeler will be involved in all decision making (like in General partnership agreements), but CANNOT own... View More
answered on Jan 13, 2025
Choosing the proper structure depends on multiple factors, including liability concerns, taxation, and how much control each party has. A Limited Partnership (LP) requires at least one general partner, who manages the business and bears personal liability, and one or more limited partners, who... View More
I own a game on the popular gaming platform Roblox.com. A 3D modeler from Brazil has reached out with interests to join me under the provisions of a 10-year partnership contract. Details: the modeler will be involved in all decision making (like in General partnership agreements), but CANNOT own... View More
answered on Jan 14, 2025
While a Limited Partnership (LP) could be one option, other legal structures or customized contracts, such as a profit-sharing agreement, independent contractor agreement, or hybrid partnership agreement, may better suit your needs. The final decision will depend on several factors, including your... View More
What is the recommended way to set up a new LLC to protect myself from having my wages garnished at my employer and safeguard my personal assets if my business fails, especially if it has LLC has business loans?
answered on Jan 9, 2025
To set up an LLC in Colorado and protect your personal assets and wages from garnishment, ensure the LLC is properly formed by filing with the Secretary of State and maintaining separation between personal and business finances. Avoid personally guaranteeing business loans, as this could expose... View More
I am making a new vision for the company and changing the name and target market. The last LLC is a dead company, I am 80% owner of the older company. I want to make a brand-new LLC and start over with my own brand as 100% owner. Is there any complications or tax issues/sales tax/income tax or... View More
answered on Jan 9, 2025
Forming a new LLC for your rebrand is a great way to start fresh as a 100% owner, free from any liabilities, debts, or obligations tied to the old company. This approach ensures your new brand aligns with your vision and target market without being influenced by the history of the prior LLC.... View More
I am making a new vision for the company and changing the name and target market. The last LLC is a dead company, I am 80% owner of the older company. I want to make a brand-new LLC and start over with my own brand as 100% owner. Is there any complications or tax issues/sales tax/income tax or... View More
answered on Jan 8, 2025
For your situation, when creating a new LLC and transitioning from an older company, there are a few considerations to keep in mind:
If the older LLC has any existing debts, obligations, or contracts, it’s important to ensure those are properly addressed so they don’t carry over to the... View More
My lawyer has my company’s corporate binder in his house. He recently had an accident leaving him hospitalized for the past 6-7 weeks. He’s 79 years old and has been a family friend (and lawyer) for years. His brother (who I speak with regularly) has located the binder but wants to make sure... View More
answered on Jan 8, 2025
The person named as the "secretary" of the corporation has the legal obligation to maintain the official records formerly customarily kept in a corporate binder. If you are the corporate secretary and hired the lawyer to keep the binder, you have right to demand it regardless of whether... View More
answered on Jan 6, 2025
Having a good compliance contact is necessary when starting your health wellness company. I have had clients succeed in starting their own physical therapy company, and RNs and CRNPs start their own telehealth / employee benefits wellness program. A growing opportunity for RN is partnering with... View More
Are there any legal or tax implications I should be aware of if I use my existing photography-focused LLC to publish a non-photography related book, and do I need to update my LLC’s operating agreement or business filings to reflect this new activity?
answered on Dec 23, 2024
Generally, a limited liability company (LLC) or other business entities may conduct any lawful business, unless the type of business operations were restricted at the time of formation with the secretary of state. Normally, broad and generalized language is used when forming a business entity... View More
I have a mobile app that shares sports betting predictions. there is no gambling in my mobile app. only predictions of the results of sports matches are shared only by me. users see these predictions as paid subscribers. for example the result of the LA lakers vs Boston Celtics NBA game, Boston... View More
answered on Dec 19, 2024
The business model described, which involves sharing sports betting predictions and odds without facilitating actual betting or linking to gambling sites, may not fall under the definition of gambling in many jurisdictions. However, the legality can vary significantly by state.
In... View More
We have among the alderman who never shows up for a meetings, and we have an additional alderman who has been arrested on federal drug charges however he is not yet been sworn in and at this point we do not have a core I would appreciate any advice that you can give me
answered on Dec 16, 2024
It depends on what type of municipality is involved. Some home-rule municipalities have provisions in their charter for recall of aldermen. In a general-rule municipality, a residence would have to petition the district court for removal on one of the statutory grounds set forth in the Texas... View More
Over the next two years I plan to have three side hustles:
- ESL Tutor
- Marketing
- Niche Content Creator
If I operate these under my legal name. How do I stay in compliance? I know that I will have to file separate Schedule Cs. The state website says I need a... View More
answered on Dec 14, 2024
I'm glad to answer this question.
For almost all businesses you need a sales and use tax permit. You get that from DRS through myconnect.
I think that you can only have one permit per TIN so as a sole proprietor you would file only one return and payment per reporting period.... View More
answered on Dec 12, 2024
In Florida, an LLC name becomes available for another entity to use after one year of inactivity, meaning the dissolved LLC's name is held for a year before it can be registered by another business.
Key points about inactive LLC names in Florida:
One year holding period: If an... View More
* Subpoena Local Store Operating in Texas for Documents; However, Corporate Headquarters is in Another State
I need to subpeona a store to produce documents in a proceeding in Texas. The local store is operating in Dallas County, Texas; However, the corporate headquarters is located in... View More
answered on Dec 3, 2024
If a corporation is operating a store in Texas, it is required to obtain a certificate of authority from the Texas Secretary of State and to have and maintain a registered agent for service of process in Texas. If it fails to do so, then the Texas Secretary of State is an agent for service of... View More
I want to turn my s-corp into a woman owned company by bringing in my wife as the 51% share holder. This is in order to win contracts that are only open to minority and women owned companies.
answered on Dec 3, 2024
It depends on a number of issues. First, what type of entity is your company? Is it an LLC or Corporation? Either can elect to be an S-Corp as this is simply an election on how to be taxed by the IRS.
Either way, it would be wise to add your wife as an owner by creating a set of company... View More
Interested in the protections of Wyoming, but don't know if I should just stick with Pennsylvania or New York. My main concerns are asset protection and tax savings
answered on Nov 12, 2024
For a Pennsylvania rental property, a Pennsylvania LLC would seem the most efficient and cost-effective option for minimizing extra filings, and fees, while maintaining direct asset protection within the state where the property is located. While Wyoming offers excellent asset protection and no... View More
I have worked for this business for 29 years took nine months to sell and that time I worked way more hours and couldn’t take off for anything now he says that they’re probably only $20,000 to give me
answered on Oct 26, 2024
In general, under Missouri law, contracts may be oral. In general, it is easier to enforce written contracts because if both sides sign, the terms are those of the document. There is an exception to the rule. Certain contracts must be in writing. It’s called the “statute of frauds”.... View More
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.?
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
I would like to keep amenity and privacy while protecting assets from creditors before a problem arises.
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
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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