Most Recent Questions in Legal Basics For Startups
Generally, an employer who has properly established a SEP plan must furnish an annual statement to each employee participating in the SEP that shows the amount contributed to his or her SEP-IRA for... (more)
How should we structure a private investment group looking to move into other investments beyond the capital markets?
First things first. Consult with an attorney and an accountant experienced in the creation and representation of private investment funds. Do that to get familiar with the issues you'll be... (more)
The proper way to close a business is to file a certificate of dissolution with your secretary of state. There will be other papers you need to file in order to confirm that you don't owe any back... (more)
Generally, any time you sell goods to someone else you have the obligation to charge sales tax, and to remit the amount collected to the state sales tax authorities. Failure to do so can land you... (more)
We are in the process of selling our C Corporation. What kind of insurance policy can I get to make a stock purchase attractive to our buyer?
Generally, when a buyer purchases your company stock (and presumably, this is a purchase for all of the outstanding and issued shares), the buyer is purchasing all of the rights and obligations... (more)
A number of states prohibit the sale of any agricultural products without a license. Contact your local government to see whether it has those restrictions and, if so, how to apply for a license.... (more)
Although you didn't file a partnership certificate, your partner did contribute money and you did sign a partnership agreement. So technically, you do have a partnership on your hands. What you're... (more)
Anytime you sell something based upon the design or likeness of, or created by, someone else, you run into thorny legal issues. "Replica" is often code for "counterfeit,"... (more)
Just because you're a teenager, don't assume your income isn't taxable. And the IRS doesnt look kindly upon people who don't pay their taxes and don't file properly. "Teenage... (more)
The most efficient use of your time and funds is to consult with a patent attorney about the process. You could search the U.S. Patent and Trademark Office database (it has a helpful tutorial) if... (more)
Tread very carefully when playing with other people's money. It's not clear whether your business idea involves reinvesting your investors' money (certainly done through hedge funds and other... (more)
A signed work order is not necessarily an acknowledgement of indebtedness. The person or company signing the work order simply reflects both sides' agreement about the work that will be performed.... (more)
You do not need a license to use the other company's mixes unless you intend to advertise your products using the other companys name. For example, if you were to use Quaker Oats' oatmeal mix in... (more)
Many states do not permit you to use a PO Box as your legal street address, so youd have to check with your local county clerk (where you would file your DBA form). They want to know that there... (more)
What kind of financial reports are minimally required of an LLC, and how often should they be made available to the partners?
Minimally, LLCs are required to file annual tax returns and the members (owners) of an LLC would receive a copy of Form K-1, which is an information return that needs to be filed. However, other... (more)
Unfortunately, commercial leases are very hard to get out of--much more so than residential leases. If the lease is with your company alone (that is, a corporation or LLC), and you have no... (more)
How do I register a company in the U.S., where I am a citizen, to export products from India to West Africa (Ghana)?
Registering a company in the United States involves the same process as registering a company that has a domestic purpose. First, youll want to speak with an attorney and an accountant who... (more)
The best place to start the process of buying an asset of another company (be it the name, customer list, inventory or any other item) is with an attorney. You'll want to be very clear about what... (more)
You may run into several obstacles trying to give swimming lessons in your pool. First of all, it's a commercial activity, and your home/neighborhood zoning may not permit that kind of activity. (more)
As a teen attempting to start a company, you have more pressing issues than whether to file a tax return (and the answer is: If you're in business, yes, you have to file, even to declare a loss).... (more)
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