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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 
My partner is threatening to forcibly dissolve our LLC claiming I am not managing the short term rental correctly, which is not true.
answered on May 8, 2024
The first step would be to review the operating agreement and determine what if any provisions would apply. USe this information to attempt to settle the issue or proceed with a buy-out.
If you can't come to an agreed-upon resolution the next step would be filing a lawsuit to remove... View More
I'm the owner of McDonald's and the will was never brought to any ones attention that I Mitchell Jensen or Mitchell Rio own and did inherit all of McDonald's. I picked up the bank account as soon as I started owning McDonald's
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answered on Mar 18, 2024
If you believe you have inherited ownership of McDonald's through a will, it is essential to first verify the authenticity and legal standing of the document. You should consult with an attorney experienced in estate law and corporate ownership structures to assess the will's validity and... View More
I filed a tax return late but did not owe any LLC taxes (in 2014, but I just found out about the charges about a month ago).
The IRS hit the LLC with $2298.46 in penalties and interest, not for owing any taxes.
The LLC was dissolved about 9 years ago, I believe. My question is, can... View More
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answered on Mar 8, 2024
When it comes to LLCs, the IRS typically views the entity as separate from its members, meaning the company itself is responsible for its taxes, penalties, and interest. However, the way an LLC is structured can influence how the IRS pursues outstanding liabilities. For an LLC treated as a... View More
The t shirt is purple and says “welcome to the judgement zone” this is a twist on a popular gym franchise. We used the colors yellow and purple and the shirt features a thumbs down in the middle. We can send the design for review
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answered on Jan 18, 2024
When considering the legal aspects of your gym's t-shirt design, it's important to understand the concepts of trademark infringement and parody. Trademark infringement occurs when a new design is confusingly similar to an existing trademark, potentially causing the public to mistakenly... View More
The t shirt is purple and says “welcome to the judgement zone” this is a twist on a popular gym franchise. We used the colors yellow and purple and the shirt features a thumbs down in the middle. We can send the design for review
answered on Jan 17, 2024
Though I can't comment on your specific legal situation in this forum, I can offer some guidance on the fair use doctrines in US trademark law. In a combination of codified federal law and certain supreme court rulings, the development of a phrase or logo that parodies an existing, registered... View More
I am planning to incorporate an LLC in Colorado and have been looking at Virtual Business Addresses. Most of them are all Private Mail Boxes (PMB), and I'd like to know if that is eligible for a Principal Office Address. I know PO Boxes are not allowed.
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answered on Jan 15, 2024
In Colorado, the rules for setting up an LLC require a principal office address, but this address must be a physical location. While a virtual business address offers many conveniences, it's essential to understand that these are typically considered Private Mail Boxes (PMBs) and may not... View More
I plan to elect S Corp status within a few days after getting EIN and all. I am curious on how it makes a difference if I start LLC or C Corp given S Corp form will be submitted in a matter of days following.
answered on Dec 29, 2023
Many people form an S-Corp to take advantage of the personal income tax breaks when paying yourself as both an owner and an employee of the business. The S-Corp election is more accurately called the "subchapter S tax election" and, as you point out, can be used in combination with an LLC... View More
I helped someone sell perfumes through a multi-level marketing (MLM) scheme without an official contract, and I wasn't paid for my efforts. The person now accuses me of stealing because I stopped helping them and passed on the contact numbers of people who owed them money, but those people are... View More
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answered on May 15, 2025
Given the situation, you would need to consult with a criminal defense attorney. They can help you navigate the accusations of theft, as these are serious charges that could potentially lead to criminal penalties. Since the accusations are based on verbal claims with no formal contract, the... View More
I am currently a host home provider in Colorado and have just received a new contract. I was offered $60 per day, but I am concerned because the PASA receives $147 per day from HCBS payments. This means I would be receiving less than 50% of the HCBS payment. I want to ensure that this payment... View More
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answered on May 14, 2025
It’s understandable to be concerned about the payment structure you’ve been offered as a host home provider, especially when you see a significant difference between what you receive and what the PASA is paid from the HCBS funds. In Colorado, there isn’t a strict legal minimum that guarantees... View More
I want to use the phrase "Nothing Nice" for a new clothing brand I plan to launch. I haven't checked the USPTO database yet. Is the phrase "Nothing Nice" already trademarked in the clothing industry, and what should I do to register it if it's not?
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answered on Apr 27, 2025
Hi,
Based on my search, I did not find a registered trademark for the exact phrase "Nothing Nice" as a standalone clothing brand in the USPTO database. There is a related mark "AIN'T NOTHING NICE" registered for beer products, but not for clothing under registration... View More
I am involved with an LLC in Colorado that incurred a debt related to machines purchased for a job we were terminated from without full payment. We initially offered to pay $1,500 monthly, but the debtor proposed $500 weekly for six months, after which we would provide tax and bank statements to... View More
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answered on Apr 14, 2025
In Colorado, an LLC is generally considered a separate legal entity from its owners, which means the personal assets of the LLC members (owners) are typically protected from business debts. However, there are exceptions, particularly if there is a personal guarantee or if the LLC’s corporate... View More
I am the only child of my mother, who passed away two years ago without a will or named executor. Based on advice at the time, I did not initiate any legal proceedings for her estate. I have been independently handling her affairs, including funeral costs, debts, and taxes. My mother shared an... View More
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answered on Apr 12, 2025
To access the reimbursement deposit, you will need to establish your legal authority to manage your mother's assets. Since she passed away without a will, the next step is to initiate a probate process. This involves filing for "letters of administration" with the probate court,... View More
I own 5% of an LLC based in Utah, and recently, the accountant sent me tax documents indicating a pro rata wage of $4,500 for company tax deductions. However, I never received this amount. I made an investment into the company, and when I inquired about the wage, the company stated that it was part... View More
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answered on Apr 12, 2025
Yes, you should be concerned, especially if the LLC has reported income or wages under your name that you did not actually receive. If the $4,500 was reported on a K-1 form as part of your share of the LLC’s income, you may still be responsible for paying taxes on that amount, even though no... View More
I am the sole shareholder of a C corporation that owns a townhome in Colorado Springs, purchased in 2016 for $177,000 and now valued at approximately $330,000. Initially a rental property until 2020, I have been living there since then, paying rent to the corporation. Given the limitations with... View More
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answered on Apr 12, 2025
Transferring the townhome from your C corporation to personal ownership involves a few important steps and tax considerations. Since the townhome has appreciated in value, any transfer may trigger capital gains taxes on the increase in value. One option is to sell the property from the corporation... View More
I need help recovering my Facebook pages, which are vital to my advocacy, business, and personal connections. These pages aren’t just social media—they’re platforms I’ve built to support vulnerable children, grow my small business, and engage with my community. Losing access has disrupted... View More
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answered on Feb 9, 2025
Yes, a lawyer can help you recover your Facebook pages by navigating the legal and procedural steps needed to escalate your case. Since you’ve already tried standard recovery options without success, legal assistance could push Meta to review your situation more thoroughly. A lawyer can draft a... View More
Recently, there has been communication from district leadership indicating expectations regarding where and when I work, which aligns more closely with the control typically exercised over employees rather than independent contractors. I operate as a business owner, providing my own materials,... View More
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answered on Jan 10, 2025
Your concerns about maintaining clear contractor status are valid, particularly given the IRS's specific guidelines about behavioral control factors. The district's attempts to dictate when and where you work could indeed risk misclassifying your role.
Consider drafting a... View More
I want to start a business and want to put “Barbie” in the LLC name. Specifically Bartender Barbie, a business where I go bartend events, parties, etc. I myself am blonde and have pink bar tools which is how the nickname was born. I want to make sure there would be no infringement since I am... View More
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answered on Sep 18, 2024
Using the name "Barbie" in your LLC, especially in a way that might reference the iconic doll brand owned by Mattel, can raise serious legal issues. Mattel holds strong trademark rights over the "Barbie" name and has been known to enforce these rights vigorously, even in... View More
Just bought the moped used and I paid through venmo, it is not a registered moped and it worked when I bought it, shortly after it broke down within two hours of riding. The dealer said it was an easy fix and said he could fix it for free because it was just an engine cap issue. I tried contacting... View More
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answered on Aug 31, 2024
It sounds like you’re in a difficult situation with this moped. Since the dealer blocked your number and the moped broke down almost immediately after purchase, you might have grounds to request a refund or take further action, but it could be tricky.
First, check if the dealership... View More
I live in Colorado, one of these people is only 17 (my brother, trained in CAD), and as of now the business is literally just me making prototypes in my room, I havent filed anything with the state in terms of LLC or whatever (yet)
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answered on Jul 18, 2024
Yes, you can employ people for your startup and offer them partial ownership of the company instead of cash, but there are some important considerations. First, you should formalize your business structure, such as creating an LLC or a corporation. This protects you and your employees and clarifies... View More
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