|
|||||
|
Owners of corporations and limited liability companies worst nightmare is that a creditor will sue the company and its owners and ask the court to “pierce-the-corporate-veil” and hold the owners liable for the debts and obligations of the company. Peter B. Oh, Associate Professor of Law at the University of Pittsburgh has written [...] Question: I am considering starting a new business and I anticipate that it will produce losses, rather than profits for the first few years. Should I form a limited liability company or an S corporation to own and operate the business? Answer: People ask this question of me a lot, which is [...] Question: What is your opinion on reserving a name for my new company with the Arizona Corporation Commission? Answer: I never reserve a name for a new LLC or corporation unless it would be a big problem if the company did not get the name. Big problem to me means that the loss of [...] Question: Can I change the name of my Arizona limited liability company? Answer: Yes. Assuming the members approve the name change, an Arizona limited liability company can change its name by amending its Articles of Organization on file with the Arizona Corporation Commission. For a detailed explanation of how to change the name, see [...] Two business law attorneys wrote a paper that describes many of the reasons that an LLC is the right choice of entity for most new businesses, and advises that a new business choosing a legal form should first consider an LLC. The authors present a series of simple examples to illustrate the advantages [...] Question: I understand that if I form a limited liability company to operate my business and I am the only person who provides services on behalf of the business that I can be sued and be liable for my acts or omissions that cause harm to third parties. Instead of forming an LLC, [...] Question: If I form an Arizona limited liability company, can it do business in a state other than Arizona? Answer: Yes. An entity formed in one state can do business in any other state in the United States. Usually, if an entity formed in State A does business in State B, the [...] Problem: Recently we were asked to form an Arizona limited liability company under a name that was reserved by the CPA of the to be formed LLC. The CPA was not going to be a member or a manager of the new LLC. The Arizona Corporation Commission will reject the Articles of Organization [...] Once you start your Arizona limited liability company (LLC), there are some very important issues to consider to keep the LLC in good standing with the Arizona Corporation Commission. When an LLC is not in good standing, the ACC will first classify the LLC as delinquent and then administratively dissolve or revoke the [...] As I am asked this question so often, I decided to post the answer to give people a step-by-step guide on how to change the statutory agent and/or domestic address (a.k.a. known place of business) of an Arizona LLC or corporation on file with the Arizona Corporation Commission (“ACC”). How to Change [...] As a legal assistant for a law firm that creates hundred of entities (limited liability companies “LLCs”) and corporations) each year, I receive quite a bit of correspondence addressed to our LLC and corporation clients in care of our office. I have become very familiar with the Arizona Corporation Commission (the [...] Question: I formed a limited liability company to help protect me and my wife from things that might go wrong with the property. How do I get the real estate into the limited liability company? Answer: To get real estate into a limited liability company, the current owner(s) must sign a deed [...] |
|||||
|
Copyright © 2009-2010 C KEYTLaw, LLC - All Rights Reserved |
|||||