Wisconsin Business Law Questions & Answers

Q: when an LLC is formed and a member invest personal money, is that members personal assets at risk?

1 Answer | Asked in Business Law and Business Formation for Wisconsin on
Answered on Feb 26, 2017

No, that is the legal function of the LLC form, shielding personsal assets of the members absent fraud or commingling.
View Details »

Q: If I lease a vehicle for business use, how do I calculate percent business use vs percent personal use for tax purposes.

1 Answer | Asked in Business Law and Tax Law for Wisconsin on
Answered on Oct 4, 2016

The rules are a bit different depending on whether your business is a Sole Proprietorship (Schedule C), a C-corporation, or S-Corporation. If you're like most taxpayers, you're probably using a Schedule C to report this to the IRS. In claiming business use of a vehicle, strict rules must be followed. Many taxpayers lose significant amounts of their deduction in an audit because they didn't properly document their business usage.

The IRS publishes a number of guides to provide the...
View Details »

Q: Who can I contact about discrimination and licensing issues?

1 Answer | Asked in Business Law for Wisconsin on
Answered on Aug 28, 2015

A local administrative or 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 situation. It is impossible to evaluate a legal problem without a comprehensive consultation and review of all the relevant facts and documents. I strongly encourage you to consult with a local lawyer to get legal advice...

Q: Can you please explain the uniform partnership act 178.21(3)(b)?

1 Answer | Asked in Business Law for Wisconsin on
Answered on Aug 25, 2015

Best to talk to a local business lawyer, who can advise about your particular situation as opposed to theoretically.

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 situation. It is impossible to evaluate a legal problem without a comprehensive consultation and review of all the relevant facts and documents. I...

Q: we want to incorporate our association and change it from one persons business, what structure should we choose?

1 Answer | Asked in Business Law for Wisconsin on
Answered on Aug 7, 2015

Talk to a local business lawyer, and you'll probably benefit from talking to a CPA also. Usually, the decision is between an LLC and an S-Corp, and there are multiple ways an LLC can be taxed. The best solution for you depends on your specific circumstances and goals.

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...

Q: I am interested in 2 different types of businesses, do I apply for 1 LLC or 2. Do u do LLC's and real estate law.

1 Answer | Asked in Business Law for Wisconsin on
Answered on Feb 28, 2013

If it's two businesses, it would be two LLCs. I have filed Articles of Incorporation, and I also practice real estate law.

Please email me at max@maxlivingstonlaw.com, and we can setup a time to meet.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.