Questions tagged [limited-liability-company]

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What addresses can be a primary place of business for an LLC in Florida?

According to the Florida "SunBiz" website, the Article of Organization must list a "Principal Place of Business Address" in addition to a mailing address and the registered agent ...
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36 views

Can I use the same LLC for different business activities?

For example, can I use the same LLC to drive for Uber and for working on computer repairs?
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72 views

Company limited by guarantee - can minors be guarantors?

In the case of companies described as a "Private company limited by guarantee without share capital", I understand that all Members of the company act as guarantors. In the case of it ...
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24 views

What is the effective date of a new shareholder?

Suppose a soon to be shareholder (New Shareholder) subscribes to become a shareholder of an LLC (Company A) on 1 November 2000 through a subscription letter. New Shareholder transfer cash to the ...
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Is it legally possible for a foreign PhD student in Sweden to startup a company beside his/her studies?

I'm a full-time PhD candidate in my 3rd year in Sweden with a doctoral residence permit. I have two solid start-up ideas, one is related to the topic of my PhD studies. Considering that I'm working ...
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1answer
65 views

Bypass SSN Requirement for Independent Contractors

I work in a sales organization, knife selling, and we hire pretty much anyone who is interested. We got a guy walking through in a college, who was interested, but did not have a social security ...
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154 views

legal to use company property for personal use?

I own an LLC (limited liability company) in Arizona, United States. More accurately, I am the sole member. I have no creditors, no investors, no board, no on else to worry about. This is federally ...
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4answers
102 views

How can I protect myself as a minority shareholder when I don't have the money to pay legal fees?

I'm about to sell shares to an angel who is going to become the majority shareholder of my company. The money will go into the company as new shares. I can only pocket it through salary agreements. ...
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79 views

How did facebook got away from fiduciary lawsuit when they diluted Saverin's shares?

Saverin eventually settled out of the court, for 5% equity. But why didn't he proceed for his original 30% equity when it was clear that facebooks majority shareholders failed to exercise the ...
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1answer
106 views

How would a minority share holder VETO power be provisioned in a company constitution?

To protect minority shareholder and potentially attract investors, a company would give minority shareholders the power to veto certain decisions. Typically decisions that would erode their ...
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36 views

Share option pool in UK template of articles of association

This is a hypothetical situation. Suppose person A wants to incorporate a company in the UK, hold all shares, and include the option to issue shares to other people, such as "late co-founder" B or ...
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1answer
77 views

Can a nonprofit be a subsidiary of a for profit?

I have seen many results for a for profit being a subsidiary of a non profit, but not the other way around. I know there are some conflict of interest laws and was wondering if any of you can link me ...
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131 views

Easiest way to modify LLC control?

I need to create a two member LLC. Initially the LLC will need to be fully controlled by one person, but in the future control will have to change to be 50/50. What is the easiest / safest way to ...
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Can a company make an ethical commitment to customers that survives even when it's sold?

TL;DR: Suppose a company has made a specific ethical commitment to its customers. When selling that company, is it possible for the seller to prevent the buyer from reneging on or dropping that ...
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Employee Stock Ownership as long as Employee Stays in the Company, What Kind of Nonsense is This?

Recently a friend of mine has received a stock buy offer from its company. The company offered to sell a specific amount of the company shares with a nice discount rate, because he was in a critical ...
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Legal Competency of a Minor For Arizona LLC

In Arizona, United States, can a minor, as a member (perhaps, sole member) of a Limited Liability Compancy (LLC), enter into a legal binding agreement on behalf of the company? Arizona appears to ...
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1answer
36 views

Do you loose liability protection if doing work for your LLC on your personal computer?

Do you have potential of loosing liability protection if doing work for your LLC on your personal computer (ie. a computer purchased with personal funds and not accounted for as being owned by the LLC)...
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62 views

Can an LLC make a DBA that ends in “LLC” or “Co” in California?

As the title states, I'm interested in making a DBA for an LLC that gives some indication that it's a company rather than an sole proprietorship DBA. Can the DBA terminate in "LLC" or "Co"? Most ...
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1answer
63 views

What does upon conversion mean?

What does it mean when an investor say "I will give you $100k in exchange for 10% equity upon conversion"? What does upon conversion exactly mean in layman's terms?
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1answer
38 views

What happens to past legal liabilities after changing from self-employed to a limited liability company?

If a self-employed worker takes on contract jobs and then later on, after finishing any of those jobs, changes their business into a limited liability company, Who is responsible for any liabilities ...
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1answer
67 views

Company holding own shares in trust

If the assets of a trust includes shares in a company, can that company be appointed as trustee of that trust? It's not clear to me how section 259A of the Corporations Law works in this situation.
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What happens if a LLC Member fills out the LLC license with Malicious intent in the state of Mississippi

If There are 2 members of a LLC and a verbal agreement in which one Partner has 65% of the company and the other Partner had 35% of the company but the Partner with 35% of the company set up the LLC ...
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3answers
109 views

How does a flow-through LLC own assets?

A Limited Liability Company (LLC) is a business under US law with the following characteristics: Establishes a "corporate veil" of limited liability, such that creditors or lawsuits can only go after ...
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Sales tax nexus in Illinois for a “startup”?

I had a question around whether I would fall into sales tax nexus in Illinois. I have read through Illinois’ Revenue and tax information(https://www2.illinois.gov/rev/Businesses/Pages/default.aspx) ...
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35 views

How to draft LLC resolutions?

I'm starting an LLC and I'm having trouble understanding the concept of resolutions. It seems pretty simple, but I'm afraid of getting it wrong. I have a lot of experience working with bylaws in ...
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1answer
54 views

How to act in name of company rather than natural person by e-mail etc?

It makes a difference for tax and liability reasons if an action is done by a natural person vs a legal entity. How to make sure that actions are ascribed to the legal entity rather than one's ...
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66 views

How can I check a UK company's public documents?

I am interested in the articles of association and shareholder's agreement of a UK company. Where can I find them?
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Can OSHA fine the owner and sole worker of a LLC

Let's say a person owns a Limited Liability Company and he is the only worker for the same. He hires out to a construction worker and is on the job without his hardhat. OSHA shows up and promptly ...
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What are the implications of US LLC state and foreign entities?

Let's say I'm a confetti enthusiast. Confetti for parties, confetti for halloween decorations, confetti for everything. In this hypothetical example, I want to sell confetti online, and in person when ...