Is there a difference between an LLC Membership Agreement and an LLC Operating Agreement? Thank you. Based on some quick research, they seem to be the same thing. Answer They…

Continue Reading What Is The Difference Between An LLC Membership Agreement versus Operating Agreement

Can an llc be sold? - Sam, Illinois Answer Yes. A limited liability company absolutely can be sold. A member can sell his or her membership interest, or, all the…

Continue Reading Can An LLC Be Sold?

In Missouri, when forming an LLC, I’m asked for the “specific purpose” of doing business. If you put something, for example, online selling, does that mean that in the future…

Continue Reading How To Answer The Specific Purpose Question When Forming A Missouri LLC

I Want To Add An Owner To The LLC.  How Do I Do That? - Vanessa   Answer Adding a new member to an LLC is typically an easy process…

Continue Reading I Want To Add An Owner To The LLC. How Do I Do That?

What state would be the best to form a single member LLC for an internet company? - Travis, Connecticut Answer There are several different issues with the "best state" question…

Continue Reading What Is The Best State To Form A Single Member LLC?

Would it be sufficient to write "capital contribution" or "start up" on the memo line of your check from your personal account in terms of documentation or should you draw up…

Continue Reading How Do You Record Capital Contributions In An LLC?

Do I need to file an operating agreement with the state? If you don't have to file the operating agreement with the state, where should one keep it? In addition…

Continue Reading Do I Need To File An Operating Agreement Within The State?

If forming an LLC in Nevada w/ husband & wife as members if we elect sub s - can IRS decide to treat as a single member LLC because we…

Continue Reading Tax Question When Forming An LLC In Nevada W/ Husband & Wife As Members

I have been with a company 14 months where another person filed the company registration papers with the state. A partnership agreement was draw up sent to my attorney we…

Continue Reading Unsigned Operating Agreements

I was told it is illegal in the State of Missouri to operate an LLC without an Operating Agreement. Please enlighten me. An Operating Agreement was never signed by the…

Continue Reading LLC Operating Without An Operating Agreement And Managing Member Controls Everything