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My parents are willing to sign for me on any legal documents.
I also have a few other questions:
What extra steps should I take when forming an LLC as a minor?
How do I open a business bank account for my LLC as a minor?
answered on Jan 13, 2019
You will need your parents help with this. Other than that, you should be good-to-go.
I would give the "hire" a schedule and work tasks that each senior client requests. I would be running this business in Michigan. The hire would keep track each client visit and turn in to me a completed "task sheet" at the end of each week. I think that is about the extent of... View More 
answered on Sep 12, 2018
Work for someone else until you learn the ropes. And don’t sign an agreement not to compete.
I live in an apartment complex (Clinton Township, MI) and recently opened a LLC. I purchased a "virtual address" online - a Troy, MI address.
The Troy address is much more professional looking. It is not a location I can work from, it is just a location that can receive mail for... View More
answered on Aug 8, 2018
The Michigan LLC Act requires that the company's books and records be maintained at the registered office or its principal place of business. MCL 450.4213. You could use the Troy address as the registered office even if it is not the principal place of business. Whether you should do so is... View More
On August 20, 2015, I entered into an Used Car Loan with People's Driven Credit Union (PDCU) in Southfield, MI for less than a $20k loan at 2.49% via Champs Auto Sales in Detroit, MI. My down payment was $5k & for six months I made timely payments of $420 ($2,520) then PDCU Forced Placed... View More
answered on Apr 20, 2018
If your auto loan has a provision permitting forced-placed insurance it is likely legal and enforceable. Did you let your insurance policy lapse? Or did you not carry the minimum amount of coverage called for in the contract? If so, the CU may be able to force it. I would have to read the contract... View More
One website says "Register Your LLC for Michigan State Tax" but when I visited Michigan Unemployment Insurance Agency website, it says I am liable to pay Michigan Unemployment Taxes if my LLC "Has one or more employees in 20 different weeks within a calendar year" Am I myself... View More
answered on Mar 13, 2018
If you are paying employees under your limited liability company, you will have to pay withholding taxes unless - state and federal taxes. Yes you need to register with the state. Your accountant can assist you with your paperwork and tax filings.
A group of moms from church with small businesses and homemade crafts want to get together for a vendor show/open house. We can't identify ourselves with the church since it isn't a church sanctioned event, and we aren't from the Chamber of Commerce or any other official... View More
answered on Sep 6, 2017
That would be fine. Do you plan to hold these or other events again in the future? If so, you might want to give some thought towards incorporating. That would make the name associated with the organization permanent.
If it's a one-time thing, it probably wouldn't be worth the hassle.
no payment for rent was ever made either....is it now legally mine?
answered on Apr 24, 2017
This depends on whether or not a Tenancy by sufferance was created. Did he lease the land last year? Did you intend to reduce this to writing but just never got around to doing that? Was there some sort of VERBAL lease (never a good idea, but it is OFTEN done particularly with farm land!) Has the... View More
We have no operating agreement but are in complete agreement about an equal payout for 50% interest in the company. At which point the other member will withdraw from the LLC. What Documentation is Necessary and what are the tax implications? Is it possible to structure the payout as part cash and... View More
answered on Feb 6, 2017
All of that is possible, since an LLC is essentially a partnership in corporate form providing limitations on the personal liability of the members. Even a simple bill of sale would be sufficient documentation. The tax impact depends on the other member's "capital account," as for... View More
answered on Aug 3, 2016
Lawyers must be licensed through the Supreme Court of Michigan.
answered on Jul 25, 2015
There is no question here. Talk to a local business lawyer.
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 advice, and it may not work for your specific... View More
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