My employer (E) has two small businesses (A and B) both 100% owned by E. Business A owes business B a significant amount of money for services accumulated throughout the years. However, E wants to protect the assets of A from any happenings relating to B. If B goes bankrupt will the creditors of B... Read more »
answered on Jan 16, 2023
Your "employer" needs to talk with an experienced bankruptcy attorney in order to determine their best course of action. This is not a decision that should be made lightly. Do not rely on a "mass-production" law firm (one that pays for advertising on the Internet or TV).... Read more »
My employer (E) has two small businesses (A and B) both 100% owned by E. Business A owes business B a significant amount of money for services accumulated throughout the years. However, E wants to protect the assets of A from any happenings relating to B. If B goes bankrupt will the creditors of B... Read more »
answered on Jan 16, 2023
A trustee in bankruptcy "steps into the shoes of the debtor". Consequently, a bankruptcy trustee is entitled to pursue and collect/liquidate any obligations to the debtor.
That's in a Chapter 7 case, where a trustee is automatically appointed.
In a Ch. 11, the debtor... Read more »
Won a judgment against defendant. The def had an LLC for their business but never used it in any way. It laid dormant since 2019 until my judgment. The original first year address has been outdated and out of commission. The Arizona Corp Commission has suggested this would be an Invalid LLC address... Read more »
answered on Jan 16, 2023
No. You would need to try to “pierce the corporate veil.” It is doable but difficult and a new default judgment or complaint would not be effective in so doing.
This was the email I received from SBA below
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1. Please provide a Certificate/Resolution that includes:
a. A statement that the LLC held a meeting and specify the date (on or after loan approval date of 6/2/2020)
b. A statement that the LLC authorizes... Read more »
answered on Feb 23, 2021
Thanks so much for the list. You will need to hire an attorney to prepare these for you. If the business is in San Diego the attorney must be licensed in California.
answered on Jun 25, 2020
Thank you for your question. The answers depend upon where you live. You need to contact the city or municipality to answer whether or not a permit is required. However you also need to think about taxes on the money that you earn. I recommend you speak with the city or municipality regarding... Read more »
I want to hire someone for legal advice but don't know what type attorney I need.
I had my own IT business prior to marriage. While married I formed a CA LLC partnership with then husband and a family member of his.
I filed for divorce and it went through uncontested, but the... Read more »
answered on Aug 20, 2019
you need a business attorney and possibly a family lawyer as well.
answered on May 20, 2018
Trademarks protect brands, not copyrights. A trademark protects the use of the brand in the particular industries, or classes, listed on the trademark registration. Here is a resource: https://www.nolo.com/legal-encyclopedia/trademark-classes.html
This is a business I am trying to buy and apply GC based on this business 5 employees. $250,000 is the cost.
answered on Apr 20, 2018
You may be able to qualify for an E-2 visa if your country has a treaty with the US which permits this.
However, you would not qualify for a green card. See below:
EB5 – stands for employment based 5th preference immigrant visa category. This visa category is allocated to foreign... Read more »
answered on Apr 9, 2018
You can set up your business as an LLC but, if you will be performing services for others that are traditionally performed by licensed agents in Arizona, you will need to employ a licensed person and perform services under his/her license.
The venue had no security cameras and I found out that this is happened before and they still have not put security cameras in. Can we hold them liable for the $5,000 of stolen merchandise.
answered on Mar 13, 2018
You may have a good claim. Generally, a business is not responsible for the criminal conduct of a third party. But where a business has notice of prior thefts and does not take reasonable steps to secure its premises for the protection of its customers, there can be liability for a... Read more »
Hi, I am getting ready to form an LLC together with my boyfriend, we will be a member-managed LLC. However when adding his name to the application I need to provide an address, but he is currently stationed in South Korea for a year, and we will be moving together to Guam after that.
How... Read more »
answered on Mar 9, 2018
If Arizona is his home state you should use the address that he provided the military if this is still a good address. If not, you should have him authorize you to use your address. When you relocate to Guam you will need to update your information. You will also need to maintain a local... Read more »
I have just received my LLC documents from legalzoom, i haven't signed any of them. Can i dissolve my llc without signing the documents because signing them is impossible, both my 2 other members live abroad. I did this mistake without knowing they must be US citizens. Can i dissolve my LLC... Read more »
answered on Feb 9, 2018
Hello. You are experiencing first hand why these cut-rate online legal services are such a huge problem (and, I should add, how attorneys who do this kind of work often end up getting a fair amount of business trying to clean up all of the problems caused by these services.
Anyway,... Read more »
I can find little trace of them, only two generic business listings with only the information provided on the LLC application from 2003. I found his licence application for the same time period, it shows he never completed his state licence application. Don't think they ever went into... Read more »
answered on Feb 5, 2018
I would use a different name. However, if this name is critical to your business, I recommend hiring a private investigator to locate the members of this LLC. Once located, you might negotiate a license to use the name or, perhaps, purchase the LLC itself. You must be certain that the LLC is... Read more »
We believe our General Partner has made changes to the original contract. Because there is only one signature from each partner on the document, at the last page, we don't have any confirmation that we agreed to the earlier pages in the contract. Are all contract pages required to have an... Read more »
answered on Jul 28, 2017
You have just run into one of the main reasons why some contracts have spaces for initials on each page, and sometimes even on each paragraph. The presence of those initials makes it harder for any party to later make modifications to the overall contract (though certainly not impossible in this... Read more »
answered on Jul 21, 2017
The easiest way to do this would be to perform a search on the Arizona Corporation Commission website, which you can find here: http://ecorp.azcc.gov/Search
This site pulls up not only company and corporation names, but it also searches the Secretary of State's website for trade names... Read more »
answered on Jul 21, 2017
There are a lot of variables here that you have not provided, so understand that this answer is making some general comments that may not apply to your exact circumstance. So, in basic terms, multiple businesses can use the exact same name/trademark without conflict so long as there is not a... Read more »
We are looking at registering a non-profit 501c in AZ, and have heard there may be some advantage to registering as a C-Corp first, then converting to a 501c. Are there advantages to this approach? -Thanks!
answered on Jul 21, 2017
I think the first thing we need to do is to cover the difference between a "non-profit" corporation and one granted tax exempt status by the IRS (a 503(c)(3) non-profit), as they are technically different things. A corporation can be a non-profit without having tax exempt status. A... Read more »
answered on Jul 21, 2017
The 'P' stands for "professional." Any business that is owned by a licensed professional that will be conducting the type of business for which the owner is licensed must be filed as a professional limited liability company. So, for a licensed dentist to open an LLC providing... Read more »
I am selling some property in Alaska to a guy who will be growing medical marijuana. I own the property outright and will carry the note. I own some heavy equipment on the property he wants to buy and wants my help running the machinery, etc. Rather than selling the equipment or charging for my... Read more »
answered on Feb 28, 2017
The choice of what to offer in exchange for a piece of the company is a business decision for you. The choice depends on whether repayment of the loan/note is worth more to you than a less certain return from an increase in stock value. If they are selling stock at a per-share price that is less... Read more »
answered on Aug 29, 2015
Different lawyer charge different fees. You can use the find a lawyer tool here to search for lawyers.
Please Take Notice: I am not your lawyer unless we enter into an engagement agreement in writing. This is general information that is given for legal education only. It is not legal... Read more »
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