What is the difference between a managing member and a manager in terms of a) authority b) taxation What is the maximum number of managers/managing members can a LLC have?…
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…
Can you just pay a partner for expenses and not an actual compensation fee? We have just started and have agreed that if we can withhold from paying ourselves for…
I have a question regarding Resident Agents and privacy. I run a home based business and would like more privacy. If I were to hire a resident agent, do I…
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…
My husband has formed an LLC in which he is 'sole owner'. He wants to give me '49' shares of the 100 shares. We live in Ohio. Can we do…
Using your home address for your LLC address, won't that be a bit confusing in terms of your personal bills, utilities, even to your mail carrier, etc? Won't that seem…
How does one add a member to an existing single-member LLC? Can both members then be managing members? If necessary, how is this designated? Answer You add a member by…
I am looking to start an LLC with one partner. We will have to hire a CEO soon, as I do marketing and he does programming. Does an LLC allow…
Can a member be silenced by other members without reason?+ Petra, California Answer Member rights vary state to state, but as a general rule, members holding a minority interest in…