New Business Entity Blog


Apr 10, 2010, Need an EIN if starting a single-member LLC?

Do I need to get an EIN if I'm staring a single-member LLC (in Texas)? Or can I just use my SSN? Will banks allow me to open a checking account for my

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Apr 10, 2010, Can I use a P.O. box as the primary address for my LLC?

Can I use a P.O. box as the primary address for my LLC? I am looking to incorporate in Pennsylvania. Answer Most states require a street address (not

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Apr 10, 2010, Thank you

This was a great review and answered the questions I had on my mind. Thank you

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Nov 18, 2009, LLC-12

I WAS TOLD I NEEDED A FORM CALLED LLC-12, WHAT IS IT AND WHERE DO I FIND IT ? THANKS, DENNIS Answer You stumped me with this one. The forms for

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Oct 26, 2009, Transfering an llc

I currently have an llc in the state of CT, and I will be moving to Florida shortly. I would like to know if the llc can be transferred and how much

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Oct 25, 2009, LLC - questions

I reside in Florida, however, I will exclusively sell online via an downloadable e-book (no actual product shipping to any destination), just an

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Oct 25, 2009, Houston, Tx.

can you file for llc in Houston, Tx.? If so, how much is it? Answer Forming an LLC is done by state, not by city. So, forming a Texas LLC will be

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Jul 28, 2009, Do I need to file an operating agreement within the state

Do I need to file an operating agreement with the state? If you dont have to file the operating agreement with the state, where should one keep it? In

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Jul 28, 2009, How am I taxed as a Canadian?

I am a Canadian looking to set up an LLC in New York. Am I subject to tax in the state, federally and in Canada? I have heard that Canada does not

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Jul 28, 2009, Can you convert a sole propreitorship EIN to a LLC

Can you convert a sole proprietorship EIN to a LLC in Florida? Answer Yes, you can convert a sole proprietorship to an LLC. However, depending on

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Jul 24, 2009, How does one add a member to an existing single-member LLC?

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

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Jul 24, 2009, What address do I use with an LLC for an Internet Business? And do I need DBAs? Etc.

Hello I'm leaning towards creating an LLC and was wondering if I need to use my home address as the LLCs address or can I use a different address

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Jul 24, 2009, Expense reimbursement only

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

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Jul 24, 2009, 2 checkbooks from 2 different banks

Can a person use two checkbooks from different banks? Answer Sure. A business entity such as an LLC can have multiple bank accounts at multiple

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Jul 20, 2009, protection of property

If a family farm is put into llc sole proprietorship, is it protected from nursing homes and any other sources? Can the llc be given to children

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Jul 20, 2009, Can a trust be the single member of an llc in illinois? If so, what are the practical considerations, advantages and disadvantages?

Can a trust be the single member of an llc in Illinois? If so, what are the practical considerations, advantages and disadvantages? Answer Yes.

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Jul 20, 2009, change ownership

i and my partner formed an LLC with two owners and now we just want to have the LLC in just one owner's name. how can i do it? Answer You should

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Jul 20, 2009, Show me the money

How do I get paid as a managing member of an LLC? Answer You write a check to yourself from the LLC's bank account. Payments received by members

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Jul 6, 2009, No Operating Agreement

In December of 2008, we ended the corporation that had Articles of Incorportation. On the advice of our accountant we created a new LLC, however, we

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Jul 6, 2009, personal liability when signing a llc contract

are you personally liable if you sign just your name and not the llc Answer Like many things in the law, it depends. A court will construe the

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Jul 6, 2009, Regulations of Organization for an LLC

What are these and where can I get them or a sample of them? Answer Do you really only want Articles of Organization for a Texas LLC (e.g. you're

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Jun 25, 2009, Paying myself in LLC

Is there a problem with paying myself by transferring money from LLC bank account to my personal account online? Answer It is no different,

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Jun 25, 2009, personal liability of llc going under

What are my legal rights if my business is failing and I owe advertising expenses? Can they attack my personal credit and can I be held liable with

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Jun 21, 2009, LLC

Two men claimed to have formed an LLC and then entered a contract to purchase land under the name of the lLC. They did not show up for closing and

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Jun 21, 2009, operating as an llc in another state

If I formed my llc in a state but have chosen to do most of my business in another state, do I file all over again in the new state? Answer If you

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Jun 19, 2009, need to include investors in my LLC?

Hello. Great website with alot of information. Here's my scenario: I have not yet created my LLC yet. I am attempting to buy a small multifamily

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Jun 15, 2009, DBA, LLC And EIN.

I had a DBA and EIN I never used. The DBA has long since expired but now I want to form a LLC under the same name. Can I use the old EIN or do I need

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Jun 15, 2009, Protection across state lines?

If an LLC is formed in CT, would the LLC be able to conduct business across state lines (e.g., internet, sell in other states) without risk of having

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Jun 11, 2009, Model Question

I am a model and I am trying to find out if I could be a LLC? Answer Your modeling business can be incorporated as a limited liability company

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Jun 11, 2009, how do i get off an llc

My partner and I split up in 2006. My name was taken off the LLC bank account, but today I looked up the corporation and it still has me as a member.

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