Do the Members of an LLC Need to be Legally Disclosed to Me Before I Invest?

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The members of an LLC are generally listed in the Company\’s operating agreement, which is an internal company record that is not filed with any state agency.

In some states, the names of members are not required to be listed on the Articles of Organization that are filed with the state agency to form the LLC.

As such, in your particular state, the names of the members may not be required to be made public.

But not being ‘required’ to disclose the ownership information is different than ‘choosing not to’ disclose that information. 

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Can I Represent a Family Member in a Lawsuit if He Grants Me Power of Attorney?

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No, you cannot represent another person in court simply by being granted Power of Attorney. Only attorneys who are licensed to practice law can represent the interests of another person in a court proceeding. The Power of Attorney will not vest you with the proper authority to represent another person in court.

Does Standard Legal Offer the Same Documents as LegalZoom?

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Because LegalZoom® advertises their legal document preparation services website on a number of cable television and radio programs, their company is becoming fairly well know. (Another new site that has popped up in recent weeks with a similar offering is Lawyers.com.)

Because these companies are in the same industry as Standard Legal, many people wonder what the differences in products are when they are ready to make a purchase.

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Can Creditors of a Will’s Beneficiary Attach the Funds in an Estate Prior to Distribution?

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Creditors will attempt to attach and seize any and all assets that are listed in a debtor’s name to satisfy that debt.

But generally, proceeds of an estate that are to be distributed after the death of the maker through a Will are not subject to creditors\’ claims until such time the money is received by the beneficiary.

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Is a Living Trust Created 15 Years Ago in One State Still Valid if I Move to Another State?

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A Living Trust document that was valid and effective at the time it was executed should be effective in another state.

However, this statement is not intended to suggest that the information or directions contained in your existing Living Trust document are still current; without a full professional review of the Trust documents, it is impossible to know.

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Can Beneficiaries be Liable for the Debts of a Trust-Owned Business?

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Trusts are structured with liability in mind, to keep the beneficiaries removed from the assets involved. Most Trusts are set up with personal property assets like land, or homes or vehicles, and their liabilities are somewhat limited. But some trusts hold assets like fully operating businesses, LLCs and corporations. So if a business held by a Trust ‘goes bad’, can the beneficiaries of that Trust become personally liable for any portion of the debt generated by any operational business assets within a Trust — especially if that debt exceeds the value of the assets in the trust?

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