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answered on Mar 2, 2023
If you believe that your lender has incorrectly applied a payment to the principal without properly bringing down the balance, you should contact your lender directly to discuss the issue and request an explanation. It is possible that there may have been a mistake or a misunderstanding that can be... Read more »
business. Business has been around for 37 years. We want to apply for 501c3 status to diversify our income and open up our services to more contracts and help more people. Currently, mostly are federal grants and we haven't earned profit in years.
answered on Sep 14, 2022
You will almost certainly need to re-draft your Articles of Incorporation if you want to convert from a for-profit corporation to a not-for-profit corporation.
First, under Illinois law your new not-for-profit is required to have, as its purpose, one of the allowable purposes listed in the... Read more »
business. Business has been around for 37 years. We want to apply for 501c3 status to diversify our income and open up our services to more contracts and help more people. Currently, mostly are federal grants and we haven't earned profit in years.
answered on Sep 13, 2022
This may be easier than you think. If you want to convert a profit corporation to a non-profit organization all you need to do is complete Illinois Form EOA 205 (provided by the Illinois Secretary of State- a one page form) and send two copies of the completed form to the Secretary of State with... Read more »
am currently 33yrs old.
Three years ago I was driving semi trucks . Stopped due to multiple surgeries (non-work-related).
Currently on Government Benefits.
Temporary Social security disability
Now present time.
Im close to being fully recuperated so its... Read more »
answered on Sep 11, 2022
The short answer is: Yes. Go ahead and form the LLC. Let it sit until you are ready to make use of it. Unless there is something you have not disclosed, I don't see how forming a LLC will affect your benefits. However, once income starts flowing through your LLC, it may or may not affect... Read more »
What would I need in order to open a taco truck and sell food.
answered on Aug 26, 2022
The first thing you need is a lawyer. You need a lawyer that represents small business who can guide you through the hurdles of setting up an LLC, obtaining permits and licenses, and all the stuff that goes along with being in business.
Good Luck
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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.
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.
Can I change the name of my current LLC and later reopen a new LLC with my current name? Or would the name be unavailable? Example: changing my current LLC named "Blue" (that sells clothes) into a new name "red" (and be a completely different business model). In a couple years... Read more »
answered on Nov 2, 2021
The simple answer is "Yes", as long as that name is still available and no one else has taken it. Once you change the name from Red to Blue, the name Red will be available and someone else might take it. Some states allow you to reserve a company name for a fee. For instance, Delaware... Read more »
What is a Cannabis clone? A cannabis plant that is a genetic copy of the mother plant. When obtained from a reputable breeder, a clone is a young female cannabis plant with stable genetics. Growers typically select to raise clones instead of seeds when they would rather not risk getting a plant... Read more »
answered on Sep 16, 2021
No, it would not be legal as the State of Illinois requires a very strict licensing, regulation, and eligibility for any cannabis and its derivatives operation in the state.
Besides, such operation does not qualify as a Sec. 503 non-for profit entity as it would be geared towards profit... Read more »
answered on Sep 12, 2021
depends
It is not clear what you intent to do, you should consult with an attorney
In 2018, I went into an oral agreement with a person in the United States to build an online platform. I was responsible for all the tech from designs to coding etc. I live in Pakistan, we had this agreement orally over zoom.
He promised equity and delayed payment for my work. We agreed... Read more »
answered on May 23, 2021
You can sue him but it will be complicated and expensive
You may be able to sue in your country or in the USA
You should consult with an attorney to determine your options
I am not looking to give precise measurements, just visual inspections. Ideally would like to make this my business. I am achieving the part 107 license to fly commercially. Thus I am aware of the airspace restrictions. I am wondering about the legality of the above case.
answered on Nov 27, 2020
This is a good question. First, if you are law enforcement, the Illinois statutes give you authority to fly the drone almost anywhere. But, since your not law enforcement, you are somewhat restricted. The law states that you cannot use a drone to interfere with hunters or fisherman. A number of... Read more »
It will be teachers from major cities in different state. I wonder if they can be independent contractors instead of employees
I set up a website with paid ads that matches teachers who are looking for students with families looking for teachers to teach their kids at home. The teachers are... Read more »
answered on Nov 16, 2020
The question of whether someone is an employee or independent contractor comes down to "control."
Additionally, the Internal Revenue Service uses a right-to-control test to assess a business' tax liability.
For example, if these musicians had specific hours of work,... Read more »
Technically i would own the arcade and would just be providing a rental service for those who are interested
answered on Oct 30, 2020
Arcade means an establishment that has five or more coin/token or other modes of activation operated amusement devices in an area dedicated to the housing of coin-operated amusement devices. Keep in mind, no alcoholic beverages may be sold or consumed in the area separate and designated as arcade.... Read more »
If I qualify for the SBA loan and grant program
answered on Jun 29, 2020
Possibly. You need to prove what your payroll cost was for the last 12 months.
I am a banquet hall business owner. My bank has refused to give me relief on mortgage payments because I was already behind 2 payments due to the increase in property taxes in the county. The bank has filed for foreclosure during covid and intends to appoint a receiver in June 2020. At this point,... Read more »
answered on May 18, 2020
I can't tell from your facts if you are facing a business bankruptcy, a personal bankruptcy or both. However, it sounds like you need a mechanism to stop the litigation and to liquidate debts in an orderly fashion. That is one of the functions of a bankruptcy case. I need to know more about... Read more »
to form a Professional LLC ?
answered on Apr 23, 2020
While it is not required, it may be in your best interest to set up the entity as a Professional Corporation. In order to know for certain, an attorney would need to review the structure and goals of the business, to name a couple of considerations. That being the case, I recommend organizing... Read more »
Can I create this online and file with the state? What do I have to do? I have Hyatt Legal Plan but that does not cover this. Any guidance will be sincerely appreciated.
answered on Feb 24, 2020
Yes. Go to the Illinois Secretary of State's website, business services division and you can find a lot of information there on how to create Series LLCs. There are certain steps you should take after creating them. For example, you will need a separate operating agreement for all of them,... Read more »
Our company also does clothing but we would trademark it as "Trill Apparel" and not "Trill Apparel Clothing Company". Would we be able to do this?
answered on Jan 31, 2020
Because of the substantially similar nature of your proposed mark to that already registered mark, your application would very likely be rejected by the USPTO for "likelihood of confusion." When making their decision, the Examining Attorney examines the proposed mark as a whole, and... Read more »
Are these documents valid in court and am I still considered a legal partner?
answered on Sep 8, 2019
To find out if the documents you've signed are valid and actually make you a member of the LLC or give you any interest in the LLC, you'll need to consult an Illinois business law attorney who will need to see the documents. However, no documents need to be filed with the IRS to create a... Read more »
I use my own car and am paid 1099 in my own name. In case of an issue during the serve or an auto accident while working I want to protect my family, house, cars etc from litigation/responsibility.
answered on Aug 21, 2019
As an Indiana attorney, I'm not familiar with Illinois rules governing process servers, so I can't tell you if there are any specific provisions of those rules that might affect the answer to your question. But I can answer your question as a general matter.
As long as the LLC is... Read more »
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