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Questions tagged [limited-liability-company]

A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. Use the [business] tag for non-American jurisdictions

4 votes
1 answer
468 views

Workers Comp. Insurance with Regard to Single-Member LLCs in Virginia

Consider that I own a single-member LLC in Virginia. Must I carry Workers Comp. insurance (in the U.S.) because I pay my wife from time to time? I ask, because I am under the impression that if a ...
Jethro's user avatar
  • 53
-1 votes
2 answers
121 views

To whom does the owner of 100% of the shares of a company owe a fiduciary duty to?

According to this youtube video by Patrick Boyle Patrick Boyle there is a lawsuit going on about a simpsons like bankruptcy. The allegation, as I understand it, is that Thai Foods, the 100% owner of ...
User65535's user avatar
  • 7,670
-3 votes
1 answer
132 views

On Forming an LLC in a State with Greater Privacy Protection [closed]

I live in Virginia and plan on starting a small LLC publishing company. For privacy reasons, I would like to establish the LLC, in either Delaware or Wyoming which does not require the name nor the ...
Jethro's user avatar
  • 53
-4 votes
1 answer
71 views

Does working under the name of a company protect me when it comes to working under my own name? [closed]

If we have a computer programmer who also happens to be a fitness athlete, and decides to develop a fitness application to help people manage their weight and daily activities, including creating ...
best_of_man's user avatar
0 votes
1 answer
79 views

Is there a need to formally register activities performed under an LLC?

For area, consider North Carolina, if it has any impact. Forms that I have seen for establishing an LLC require contact information but no actual description of the LLC's activities. Is there a need ...
pixelearth's user avatar
0 votes
1 answer
55 views

I am the Manager/owner of a Michigan LLC and need to take legal action in Michigan to collect unpaid tenant rent [closed]

I am the Manager/owner of a Michigan LLC which owns several rental properties. I need to take legal action in Michigan to collect unpaid tenant rent... about $8000 overdue Do I have to hire an ...
Burkhart's user avatar
0 votes
1 answer
51 views

Do assets custodied by a trustee form part of the Bankruptcy Estate if the trustee enters Chapter 11 Bankruptcy [closed]

I own some securities giving me a beneficial interest in an LLC (let's call it LLC A) which were issued to another LLC (let's call it LLC B) as a custodian and trustee. LLC B has entered Chapter 11 ...
user53910's user avatar
1 vote
0 answers
39 views

LLC Officer and Meeting Requirements

If an individual forms a LLC, and that individual has no staff or employees, is he required to appoint himself as an officer, hold meetings, or conduct similar activities? Jurisdiction: U.S.
Paredon's user avatar
  • 433
4 votes
1 answer
412 views

Why would a 501(c)(3) nonprofit organization run its major operations in an LLC?

I was looking into the corporate structure of the Signal App, and it's very strange from the non-lawyer (IANAL) perspective. The parent organization is a 501(c)(3) nonprofit, but the app is developed ...
Betsy Dupuis's user avatar
1 vote
2 answers
194 views

Can I use words like "Laboratory" or "Pharmacy" in my website or company name?

Is it illegal to use "pharmacy" or "laboratory" words in the name of an LLC or website that is not related to a real pharmacy or laboratory? i.e. using "healthlaboratory.com&...
GoodMan's user avatar
  • 461
-2 votes
2 answers
146 views

How to programmatically Register a Company and Are There APIs Available for Fast Registration?

I am currently exploring the process of registering a company in various countries, and I'm interested in understanding how to do this programmatically or through APIs to streamline the registration ...
János's user avatar
  • 117
0 votes
1 answer
21 views

Restrictions on incorporating a limited liability company abroad?

Let's suppose that a country (A) adheres to the incorporation theory. Could it be, that founding a (limited liability) company in another incorporation theory country (B) by a resident of A, and ...
stf's user avatar
  • 149
1 vote
1 answer
408 views

What is the difference between the seat theory and the incorporation theory?

In corporate law, what is the difference between the seat theory and the incorporation theory? Where do I find the list of countries (jurisdictions) adhering to each?
stf's user avatar
  • 149
0 votes
1 answer
99 views

What happens to a company’s ongoing contractual liabilities if the company is terminated?

ACME signs a service contract with a minimum term of 18 months. Acme then winds up and folds. What happens to a company’s ongoing contractual liabilities when the company gets terminated? Just to ...
TylerDurden's user avatar
2 votes
1 answer
71 views

Why does an LLC have to be filed with most or all states but not an LP?

For example, in New Mexico, California, and Montana, one must create an LLC by filing through the state government. But as far as I know, none of those states require the same for a Limited ...
geronimo's user avatar
  • 121

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