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Rhode Island Business Formation Questions & Answers
1 Answer | Asked in Business Formation and Business Law for Rhode Island on
Q: What advice do you have for partnering with someone in building a new company?... Like two of you owns the company
John Michael Frick
John Michael Frick
answered on Jun 11, 2023

In many instances, limited liability companies are a good form of business organization for a small business with two owners. Remember to include an easy quick way to resolve any disagreement between the two owners in the company agreement. Remember to elect to be taxed as a sub chapter S... View More

1 Answer | Asked in Banking, Business Formation, Civil Litigation and Consumer Law for Rhode Island on
Q: If I am caught in the law in Indonesia, can the team help?
Neville Bedford
Neville Bedford
answered on Nov 7, 2022

Not sure by what you mean: "caught in the law in Indonesia" or who you may be referring to as "the team." Generally speaking, only counsel licensed in each state, country, or jurisdiction may practice law in that state, territory, or country, unless granted special admission by the particular court.

1 Answer | Asked in Business Formation and Business Law for Rhode Island on
Q: Ri based condo association attorney recommending the following by-law changes with respect to quorum.

In anticipation of this year's annual meeting the executive board and

management are recommending the attached amendment to the

associations by-laws.

Our current quorum requires call for a minimum of 60% of the

community to participate in order for any business... View More

Neville Bedford
Neville Bedford
answered on Nov 5, 2021

This is not the place to conduct condo association business. Meet with your attorney in private to discuss the impact of this proposed revision. §34-36.1 will likely come up during your consultation

1 Answer | Asked in Consumer Law, Arbitration / Mediation Law, Banking and Business Formation for Rhode Island on
Q: Citizens Bank won't refund money stolen from my business account, now what can I do?

My home office was broken into while I was away. And ex-employee broke into a locked filing cabinet. Jumped threw every hoop they asked, including filing a police report. I also filed with the BBB, OCC and a couple of others. After 6 months of getting the runaround, I get a letter from the OCC... View More

Andrew Bilodeau
Andrew Bilodeau pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Dec 17, 2019

Hi Richard,

Sorry to hear an ex-employee robbed you. Did you check your insurance policy of you are covered for employee dishonesty? Some policies have automatic coverage like $5K-$15K.How were the monies taken, by ACH/wire/check?

1 Answer | Asked in Business Formation, Business Law, Civil Litigation and Trademark for Rhode Island on
Q: Is "Newport Wellness" registrable as a service mark? geographically descriptive + generic term for the services.

I don't think it is, but I'm looking for other opinions.

Per USPTO, Generic words cannot qualify as “marks” in the legal sense and are never registrable or enforceable against third parties. Because generic words are the common, everyday name for goods and services and... View More

Neville Bedford
Neville Bedford
answered on May 14, 2019

Speak with a trademark attorney. They will explain the impact of the disclaimer to the plain words, the limitation, of the category of trade for which one might register, and other options you may consider to give you more than "thin protection" . They will also explain the... View More

1 Answer | Asked in Business Formation and Business Law for Rhode Island on
Q: I need legal representation to aid in my business dealings with RI post secondary.
Neville Bedford
Neville Bedford
answered on Mar 21, 2017

Consult with and retain a lawyer to assist you, There are many here that are easily found through the "find a lawyer" feature.

3 Answers | Asked in Business Formation for Rhode Island on
Q: What is a professional corporation?
Neville Bedford
Neville Bedford
answered on Jan 22, 2017

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1 Answer | Asked in Business Formation for Rhode Island on
Q: Want to be a S-Corp in RI as the sole s/h. Should I check the box a "close corp"? What's the advantages/disadvantages?
Neville Bedford
Neville Bedford
answered on Jan 25, 2013

This complex question is best addressed with conversations held in concert with your CPA, Tax Accountant, and Attorney. The facts of how you plan on operating will influence the decision of the proper corporate formation. You should evaluate the potential benefit to organizing as an LLC as well,... View More

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