For some, it is important that their relationship with an LLC–either as member or manager–is kept private. This post takes a quick look at how three popular states for the formation of LLCs–Nevada, Delaware and Florida–stack up on issue of privacy. Nevada: Premium Privacy, Premium Cost. Nevada promotes itself as offering strong privacy protection, but [...]
Christy Roman Now Marketplace President & Chief Executive Officer 1511 East S.R. 434 Suite 2001 Winter Springs, FL 32708 contact@nowmarketplace.com www.nowmarketplace.com ”Consumer trends have drastically shifted online and many enterprises are still operating with a 1990s Internet model,” said Roman. “Business owners shouldn’t think of the Internet as a utility like a telephone. It’s [...]
A growing law firm recently asked me to prepare a Shareholders’ Agreement for its two shareholders. Making this request unusual is the fact that the shareholders are married to one another. Do married shareholders need a Shareholders’ Agreement? I think it’s a good idea. The prospect of divorce is one reason married shareholders might want [...]
As Stephanie Strom recently wrote in The New York Times (“One-Fourth of Nonprofits Are to Lose Tax Breaks“), it’s now more important to ever to be sure about the the tax-exempt status of charitable organizations before making a contribution. Here’s the synopsis: At midnight on May 15, an estimated one-fifth to one-quarter of some 1.6 [...]
Married couples need wills, even if most of their property is owned as tenants by the entireties (TBE) or joint tenants with right of survivorship (JTWROS). This point is clear from the following situation: Husband and Wife are married with four children (one of whom is 19, and the other three are under 18). All [...]
“Synergy.” “Joint venture” is a generic buzz term referring to any business activity carried on with the active involvement of more than one company or person who share the profits or losses. Importantly, the term “joint venture” means something different to everyone. Proposing a joint venture is the beginning of the negotiation, not the end. [...]
Beginning June 1, 2010, a number of businesses will have to comply with the Federal Trade Commission’s Red Flags Rule. The Red Flags Rule requires certain businesses to develop and implement policies and procedures to protect consumers from identity theft. The Red Flags Rule will apply to any business that extends credit to consumers, which [...]
With the 2009 tax season coming to an end, it’s a good time to update your IRS Form W-4 on file with your employer (or yourself, if you are an S corporation owner). Form W-4 tells your employer who much to withhold from your paychecks for income taxes. For most of us who are paid [...]
Not surprisingly, I am not a fan of fill-in-the-blank wills and other estate planning documents that can be purchased from many office supply stores or online. It’s not the terms and provisions of these documents that bother me—they’re often quite adequate for straightforward situations. Rather, canned documents do not do a good job of helping [...]
This questionnaire will assist with the preparation of your LLC Operating Agreement. You may not have a strong opinion on every item described below, but all of them should be adequately addressed in your Operating Agreement. I. GENERAL INFORMATION ABOUT THE LLC 1. Name 2. Mailing Address 3. Physical Address 4. Registered Agent 5. Registered Address 6. Business Purpose [...]