I own two rentals through my sole proprietor LLC. Can I loan money to my LLC to buy a 3rd rental and record a lien against the properties? Properties are currently free and clear. Would have promisary note and record liens publicly.
answered on Jan 2, 2023
Certainly you can do that, but the question is whether it would succeed in giving you priority over any unsecured creditors the LLC might have. Assuming there's nothing nefarious or fraudulent involved (such as trying to hinder other creditors, most likely yours but possibly the LLCs, from... Read more »
I am the sole member in my LLC, and am planning on adding one or two more members in the near future. There is no operating agreement therefor I am going off of Indianapolis law. It says it needs to be in writing, do I need to dissolve the LLC and form it with the new partners or can I sign... Read more »
answered on Mar 30, 2022
If your LLC is currently taxed as a disregarded entity (i.e., like a sole proprietorship so that you report all the tax items on your Form 1040 instead of filing a tax return for the LLC), and you add members, you will need a new EIN. The LLC will then be taxed either as a partnership (the default... Read more »
It will be sourced through print on demand, so I will not personally be fulfilling the orders, except at the occasional booth set up at a local fair/farmers market. The sales goal is greater than the threshold for collecting tax. It is a sole proprietorship. A trademark application will be... Read more »
answered on Feb 2, 2022
Kudos for thinking about sales tax.
The business (whether a sole proprietor, LLC, corporation, however the business is organized and operated) needs to obtain a Registered Retail Merchant's Certificate to collect and remit sales tax. You will first need a tax ID for the business. If... Read more »
answered on Jan 16, 2022
A single member LLC is dissolved unless, within 90 days of the member's death, the deceased member's personal representative takes action to designate at least one new member. If an attorney was hired to handle the probate estate, talk to that attorney about it, or contact a lawyer... Read more »
answered on Dec 21, 2021
You should hire a trademark attorney to assist you with a trademark search and filing the application for your mark.
The website I would be buying is the same words just moved around. And the merchandise would potentially be clothing designed to look similar to the original brand’s clothing but not the same. Or would it be legal to offer this new and similar domain to the owner of the original for a price?
answered on Jan 8, 2021
don't do it
too close for comfort
you can be sued
consult with an attorney
answered on Dec 11, 2020
An Indiana attorney could advise best, but your question remains open for a week. If the incident involved an injury sustained in the course of employment (you included personal injury in your categories), you could reach out to a workers' compensation attorney. Many offer free initial... Read more »
I filed in 2010 and my case was closed in 2011
answered on Oct 14, 2020
Google pacer.com, and sign up It's free. Then go to bankruptcydata.com, and click on "free resources in the upper right of the opening page. It will give you a list of all the bankruptcy court websites. Click on Indiana, then choose the Indiana "ecf" site. You will need the... Read more »
I have been told it will be required periodically for my job as a teacher.
answered on Jun 13, 2020
You should not need a lawyer for that. Requirements for schools and teachers would be made public and in common English (no legalese). The Dept. of Education has sources available to you. Go to:... Read more »
We're making a show, and for the show we need art, we have a very talented artist that wants to help us but the problem is they are underage. We're wondering is it possible to use the art from the minor for commercial use if we bought it as a commission? If not, would we have to end up... Read more »
answered on May 17, 2020
When you say "use" the art, what do you mean? You are able to resell a painting, like you could resell a book. However, buying the item does not give you rights in the copyright associated with the work.
Because a minor is involved, you need to tread carefully. Minors are not... Read more »
Actually my cousin in Canada wants to register a business in US so that he could provide consulting services in US. He needs me to be the 1% partner so he could register a business in US since I am a resident and soon would be a citizen. I am doing MBA at Kelley School of Business and a have hefty... Read more »
answered on Dec 8, 2019
It depends on the corporate structure and jurisdiction. It'll also depend on your other income. You'll most likely have additional reporting requirements personally. You're best off finding a tax expert to advise you on this.
I have the receipt from the time I started living here. I believe they are messing with the books. My receipt says taxes was off but I'm paying the same price plus 25 dollars more. The owner raised the rent during the race. I do not know what avenues to take to get my money or how to start the... Read more »
answered on Jul 24, 2019
If you have a written contract covering your extended stay both you and the hotel are bound by the terms of the written contract. And if the contract was for 30 days the hotel can raise your room rate on day 31 going forward. Why? Because under most state laws hotels can change their room rates at... Read more »
If a non management member doesnt want their information made available to other non management members, can that be done? Example, if a member doesnt want the other non management members to know their ownership percentage or capital investments, can that be with held from the other non management... Read more »
answered on Apr 20, 2018
An attorney would need to review the LLC operating agreement. It may be easier to multiple business entities to mask the owner's identify. You should speak with a local business attorney.
We are experienced caregivers but wonder about repercussions from a fall or injury to my mother in law.
answered on Apr 28, 2017
I'm not sure how you'd be held liable for anything here if you're taking care of your daughter's mother. Forming an LLC seems like a bit much.
He is neither a US citizen nor a resident, and he does not want to be listed in the US Startups (even if the law allows him to). He wants to invest via a loan instrument, which I am expected to pay back whenever the model succeeds, beyond which we will share all profits as partners. This therefore... Read more »
answered on Apr 10, 2017
The answer to your question depends on the Tax Treaty between your relatives home country and the USA. Generally, interest paid to foreign nationals on loans made in the USA are subject to US taxes and withholding. The amount of the tax and the withholding is dictated by a tax treaty between the... Read more »
answered on Oct 2, 2016
You need to provide more information. Were you convicted or just arrested?
The owner is very ill and the business is up for sell very recently. It is a hot dog, pizza and mainly ice cream shop that is well established in my community.
answered on May 16, 2014
You should hire an experienced attorney who can assist you with a contract, due diligence, and the closing.
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