I'm a single member LLC with a question about owner draws. What is the difference between owner's draws and guaranteed payments? I take a draw each month based on the net…

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We have owned our business since 2004 and are an LLC owned by husband and wife. I am the majority owner (75%) and my wife has 25% ownership interest. We…

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I obtained a DBA with my brother in law to form a drywall business. I found out that he was doing some things that weren’t right by me (keeping funds…

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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…

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Do you need to include "LLC" in your logo and advertisements as long as it is included in the legal name of the company? Answer No. The letters "LLC" or…

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I already have an LLC that I am running from a home-based office, with myself listed as the registered agent at the same address. Can I start a second business…

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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…

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When forming an LLC my home address was used as there was no office space as yet to list. Will this compromise the LLC and enable anyone to claim against…

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In an operating agreement for an LLC do you have to spell out exactly how and when the distributions to members are paid out or do you have to pay…

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My business is a single-member LLC - 100% ownership is mine. I would like to transfer complete ownership to someone else (relative). Can I just make a transfer document and…

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