CATEGORY: Incorporation Questions

Answers to Frequently Asked Incorporation Questions

Can I File for Business LLC or Incorporation In One State and Live In Another?

For the purposes for forming a general business Corporation or filing for Limited Liability Company (LLC) status, there are no requirements that a person be a resident of the state in which the company is to be formed.

But there is one requirement for most states that must be managed. Continue reading Can I File for Business LLC or Incorporation In One State and Live In Another?

If I File for LLC or Incorporation This Year, May I Delay the Operation of the Business Until Next Year?

The filing of the paperwork to form an LLC or to incorporate does not obligate the entity to immediately begin conducting business.

But as is typical, that doesn’t mean that there won’t be some government requirements for the formed business. Continue reading If I File for LLC or Incorporation This Year, May I Delay the Operation of the Business Until Next Year?

Can I Create an LLC or Incorporate and Put Cash into the Business to Protect My Money from Creditors?

If a Limited Liability Company (LLC) or Corporation is set up only to ‘hide assets’, a debtor could pursue legal action to pierce the corporate veil and seize the assets of the fraudulent LLC or Incorporation. Continue reading Can I Create an LLC or Incorporate and Put Cash into the Business to Protect My Money from Creditors?

Can a Non-Lawyer Chief Executive Represent His Corporation Pro Se in a Legal Matter?

Typically, an executive director or CEO can represent a corporation in day-to-day business functions. But the chief executive of a corporation or LLC cannot represent the corporation in a court of law, as legal counsel, or as part of a litigation. Continue reading Can a Non-Lawyer Chief Executive Represent His Corporation Pro Se in a Legal Matter?

How Do I Transfer the Ownership of Tangible Assets or Property to a New LLC or Corporation?

Assets are transferred from one person or entity to another in different ways, depending upon the nature of the property. This distinction holds true when those assets are transferred between an individual and a newly formed Limited Liability Company or Corporation as well. Continue reading How Do I Transfer the Ownership of Tangible Assets or Property to a New LLC or Corporation?

If I Start an LLC with a Partner Who Owes Child Support or Back Taxes, Can the Government Take Money from the Business?

Much of the ability of a government agency to easily seize or attach assets for issues like unpaid child support or unpaid taxes rests with the type of business structure created. Continue reading If I Start an LLC with a Partner Who Owes Child Support or Back Taxes, Can the Government Take Money from the Business?