What is it called when someone abandons their LLC business, which is deeply in debt and owes back taxes, to then have someone else open a new LLC for them and that new LLC offer the very same services? Is it legal? It is essentially a one person business and without that person the new business... Read more »
answered on Mar 23, 2023
More facts would be needed, but it is possible to pierce the corporate veil of the new company and go after the owner personally, or unwind the transfers of assets to the new company, under the theory of fraudulent conveyance, as well as violation of the Limited Liability Company Act that requires... Read more »
Our business partner has locked us out of our business. They withdrew from the association, and we proceeded with the company opening. Because the venue is under their name, they seeked vengeance and locked us out of the venue. Now after withdrawing from the association they are working to open up... Read more »
answered on Feb 21, 2023
Please consult an attorney in your state. Your question is far too complicated to be answered here. They lawyer you consult will need much more information.
The task/job was assigned to me through an app called task rabbit.
answered on Jan 19, 2023
Maryland Business Occupations and Professions Code, Section 12-101, defines the term plumbing, and the need for a license, as follows:
(n) Provide plumbing services
(1) “Provide plumbing services” means to install, maintain, extend, alter, or remove piping, a plumbing fixture, a... Read more »
This is in MAryland
1) Article III does not meet the 4A-1103(c)(3) requirement. You must specifically state that the conversion was approved according to the provisions of the subtitle. You have not cited the subtitle.
2) Article IV appears to be copied and pasted from... Read more »
answered on May 11, 2022
Perhaps it is time to pay a lawyer to do this for you. This is not a forum to request that lawyers draft documents for you as their answer, and the only way to see how your specific document fails to comply with the code requirements is for a lawyer to read what you have drafted, and compare it to... Read more »
I use my llc to run my apparel store but I want to start a self run nail business and I don't want to start a new llc. Can I use the llc to parent the 2 companies ? Do I need to purchase a trade name for each or can I just do one for the nail business and continue operating the llc apparel... Read more »
answered on Apr 15, 2022
Most LLC articles of organization contain a purpose clause that authorizes the LLC to engage in any lawful business or activity, but unless the articles strictly limit the business activity of the LLC, then the LLC can run any type of business it is otherwise lawful for anyone to engage in. The... Read more »
answered on Apr 15, 2022
Maryland does not impose a limit on the number of shareholders of a Close Corporation, but practically speaking, because unanimity is required, and because the whole purpose of a Close Corporation was to allow small business enterprises consisiting of a few owners to essentially operate as a... Read more »
I have a contract with a organization. I was handed addendum to the contract which declined to sign. They threatened to They threatened to suspend contract. Three is 25 hour week retainer fee. The contract can be cancelled by either party by giving 60 day notice in writing which I have not... Read more »
answered on Mar 30, 2022
You need to take your contract to a lawyer to review what it actually says, and evaluate whether it has been breached or not, and what your remedies are in the event it is breached. Your post does not really say anything other than they are trying to change the terms of the agreement you both... Read more »
Trade name was filed in 2020, the LLC name changed 2022
answered on Mar 7, 2022
In Maryland trade name registrations are valid for 5 years. Trade names register the core name of the business, without the "Inc., LLC, etc." designation. Renewed businesses are covered under their new designation if they retain the core name on their trade name registration.... Read more »
What statutes and licenses allow for the consumption of alcohol on a party bus and/or mobile bar?
answered on Dec 10, 2021
Each county and the City of Balitomore has its own liquor board license regulations for sale of liquor within their jurisdictions, so you will need to check with each jurisdiction in which you intend to operate. You will have to check with each liquor license board whether a license is required to... Read more »
General Provisions § 18-102(d)(2) Have access to circumventional information. What is circumventional information? I looked up the word circumventional and it's not a word.
answered on Nov 4, 2021
MD Code, Business Occupations & Professions, § 18-101. Definitions
(a) In this title the following words have the meanings indicated.
(b)(1) “Circumventional information” means information, including pass codes, that allows an individual... Read more »
If you're a sole proprietor and also file a DBA in Maryland.
answered on Sep 26, 2021
No, but it’s a lot cleaner and easier for accounting and tax purposes if you do, since you need to separate out business expenses and income from your personal expenses. It’s a much better business practice as well since there may come a time when you’d like to obtain business financing,... Read more »
answered on Sep 9, 2021
Definitely you should have a stockholders agreement, to cover disputes over major decisions, control of the company, how matters are resolved (majority vote or unanimous), restrictions on resale of stock or issuance of new stock to new owners; the authority of the president to fire or modify the... Read more »
My company is incorporated in Delaware and I have applied for registration in maryland as foreign entity. I want to issue shares to myself. I have appointed myself as CEO and Secretary. Do I need witness to issue shares to myself ?
answered on Aug 27, 2021
Consult a lawyer. You can issue stock on behalf of the company as the director or officer, to yourself, by use of a bill of sale or stock subscription agreement. You need to check your articles of incorporation and any stockholder's agreement, by-laws, etc., to confirm how many shares of... Read more »
I am the founder and only Director in company incorporated in Delaware but located in Maryland.
answered on Aug 6, 2021
Yes, one person can hold more than one office in a company, and sign under both titles. To support the official appointment of the person to those offices, it may be beneficial to draft a resolution of the shareholders or board of directors making the appointment, and placing the resolution in the... Read more »
on what will be required. The state site does not help any either. I am military if that helps with anything. Thank you in advance.
answered on Jul 15, 2021
A vending machine license is not required if the following items are offered for sale:
Cigarettes - (Special laws govern the sales of cigarettes through a vending machine. For more information, contact the State License Bureau or the Clerk of the Circuit Court in the county in which the... Read more »
Will I need to establish a small business.
If so, which is most economical, a sole proprietorship or partnership.
Who do I need to talk to?
answered on Jun 2, 2021
You do not need to establish a business to self publish a book, but there are several advantages to to doing so. For instance, you can deduct businesses expenses you may have incurred in making your book from your tax liability.
Sole proprietorships, partnerships, and LLCs each have... Read more »
Rocketlawyer.com set up my business as a close corp (their error) and they sent an amendment to the state of Maryland to change it to a stock corporation. The state of MD accepted the amendment but it still says "close" on their website. So is it possible to change a close corp. to a... Read more »
answered on May 13, 2021
Electing "close corporation" status does not alter the fact that a close corporation is also a "stock" corporation, as you put it. The benefit of electing "close" status is that a smaller corporation with fewer stockholders can maintain corporate status and management... Read more »
answered on Mar 10, 2021
Ship chandler is a term that's used more loosely than traditional seagoing slots for which licensing credentialing is clear, such as second engineer for first officer. If the employer has any kind of requirement to maintain merchant marine credentialing, information on seagoing credentialing... Read more »
answered on Feb 17, 2021
“Under the doctrine of ‘patent exhaustion,’” United States Supreme Court Chief Justice John G. Roberts Jr., wrote in a 2017 decision, “once a patent holder sells an item, it can no longer control the item through the patent laws.... The purchaser and all subsequent owners are free to use... Read more »
I'm an 16 year old trying to start a non-profit. As a minor, am I allowed to operate the bank account for my non-profit?
answered on Feb 1, 2021
Until you turn 18, you are deemed a minor without legal capacity to enter into binding enforceable contracts. That means no other parties will agree to do business with you if they know you are a minor. Banks require that you show photo ID and proof of age, so you cannot open an account solely in... Read more »
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