Hi everyone! When you decide to get out of an LLC (for whatever reason) you’ll have a few options. And there’s certainly things to consider when transferring out of an LLC, like ongoing liability protection. But giving over your interest isn’t always a cut and dry case of ‘transfer, and wash your hands because you’re
Hi hi there! Today we’re going to talk about what happens when you transfer membership (ownership stake) in your company. It usually gets a little tricky, which is why it helps to know the particulars, and avoid any potential legal troubles. There’s a lot of reasons to own an Limited Liability Company (LLC) but one
Owning an LLC with another person (or people) is a big commitment, there’s no doubt about that. But owning an LLC with another person is not necessarily a ’til death do we part’ situation. LLCs fold, they merge into other companies, they become another entity altogether. But sometimes they just change internally – like when
Limited Liability Companies (“LLC’s”) often need to raise capital, so the company can grow and the members can start making money. It’s almost impossible to expand quickly without some kind of external investment. While capital is usually raised through direct investment, loans, or other methods, all of these options can be pretty expensive – not
Hey everybody! So we’ve spent the last couple of posts discussing joint ownership of property. This being a legal blog that focuses on business entities and all, we’ve narrowed the focus to owning a portion of an LLC together. LLCs can be sliced and diced (yes, just like a pie) but more than one person
Hey everybody! So we talked last week about what happens when you own property in tandem with another person. Commonly, this takes place when you get married – whats mine is yours, figuratively and legally. But even in marriage owning things like a share of an LLC together isn’t always that simple. In fact, there’s
Hey everybody! Want to learn something nifty about owning a Limited Liability Companies (LLCs)? I certainly do. That’s why I read this blog. Splendid. So, as you may or may not know, personal property can be held in a few different ways. You can be the sole owner – as in, you own what you
Hey everybody! So it’s Martin Luther King Jr. Day today, and we thought we’d look at employment and holidays. As you people who have ever had a job probably know, it’s traditional for employees to get off certain major holidays: Christmas, Thanksgiving, 4th of July. But the newer Federal holidays don’t always get the same
Hey everybody! We’ve been on a kick this week talking about corporations, and how they work. Like any other machine they need maintenance, and if they’re treated well they’ll reward you. With a buncha lotta cash, of course. That’s what corporations are for, after all (though they should always strive to maintain a sense of
Hey everybody! Yesterday we chit-chatted for a spell about doing the things necessary to maintain a corporation. Corporations are great entities for raising capital (in the form of issuing stock) and expanding internationally. But they do require a certain level foo upkeep. We talked about the need to keep detailed records of everything your corporation
