who can join an llc with an attorney

Where can I find a good lawyer to form an LLC?

Nov 16, 2018 · 1. Ask other business owners. Often, the best way to find an LLC attorney is simply to get recommendations from other people who have formed a business recently or obtained help on a business legal matter. If they were happy with their lawyer, chances are good that the lawyer can help you, as well.

Why should I hire an LLC attorney?

Nov 15, 2015 · We are often asked who can sign a POA or Form 2848, Power of Attorney and Declaration of Representative, for a limited liability company or LLC?. The IRS addressed this in AM 2015-004. About Form 2848 – Power of Attorney. The Form 2848 allows the IRS to disclose taxpayer information to persons who represent the taxpayer.

What is an an an LLC?

Find the top LLC Formation Lawyers on UpCounsel near you and receive custom quotes in 24 hours. Get your legal work done right and save on legal fees. Trusted by Airbnb, Reddit, and 15,000+ other companies, UpCounsel lawyers have an average of 14+ years of experience and come from law schools such as Harvard Law and Yale Law.

Can an LLC add a member to its operating agreement?

FREE detailed reports on 2595 LLC Attorneys. Find 5770 reviews, disciplinary sanctions, and peer endorsements.

Can members be added to an LLC?

Generally speaking, the process for how to add an LLC member involves amending the LLC's operating agreement that brings in the new member. Current LLC members must then vote on the amendment for it to pass—and most states, as well as many LLC operating agreements, require unanimous approval.Aug 12, 2021

Can LLC have 2 owners?

The most popular types of two-members LLCs are businesses run by a husband and wife or businesses with friends as partners. A multi-member LLC can be formed in all 50 states and can have as many owners as needed unless it chooses to form as an S corporation, which would limit the number of owners to 100.

What are the disadvantages of an LLC?

Disadvantages of creating an LLCCost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. ... Transferable ownership. Ownership in an LLC is often harder to transfer than with a corporation.

Is a husband and wife LLC a single member?

If your LLC has one owner, you're a single member limited liability company (SMLLC). If you are married, you and your spouse are considered one owner and can elect to be treated as an SMLLC. We require an SMLLC to file Form 568 , even though they are considered a disregarded entity for tax purposes.Sep 21, 2021

How to find an LLC lawyer?

Often, the best way to find an LLC attorney is simply to get recommendations from other people who have formed a business recently or obtained help on a business legal matter.

How to get legal help for LLC?

A great way to get legal help for your LLC without paying a fortune is by utilizing online legal services. Two such sites are LegalZoom and Rocket Lawyer, which have business legal plans that give you unlimited access to business legal forms and an on-call attorney for less than $40 per month.

How to register as an LLC?

These are some of the specific things an LLC attorney can help you with: 1 Determine whether your business is eligible to organize as an LLC in your state. 2 Determine which state it’s best to register in, particularly relevant if you do business in multiple states. 3 Understand whether, and why, an LLC is better for your business than other business structures, including the tax consequences of each structure. 4 Draft and file your articles of organization, which is the foundational document for an LLC that you have to file with the state to create your LLC. 5 Draft and negotiate funding agreements for your LLC with investors. 6 Help you comply with Securities and Exchange Commission (SEC) requirements if you want to raise money from investors. 7 Draft your LLC operating agreement, which creates the backbone of your LLC and specifies how you’ll make decisions and manage the business. This will cover things like how to invite new members into the business, replace members, and bind the company to business loans and important agreements. 8 Maintain meeting minutes, member resolutions, and other important LLC paperwork. 9 Understand state-specific LLC laws and how to comply with them.

How much does an LLC lawyer charge?

Some LLC lawyers charge a fixed rate of as low as $500 to draft and file LLC formation paperwork, and others charge as much as $3,000. For document drafting and document review, lawyers typically charge an hourly rate of $100 to $300.

Why is it important to pick a lawyer?

The most important thing is to choose someone who has a good rapport with you and who makes you feel confident about your business and protected from risk as you grow.

Business Entity Basics

Understanding joint ventures requires an understanding of business entities.

Joint Ventures

You will notice that a joint venture is not a legal entity in the list above. “Joint venture" has no formal legal definition. It is a term commonly used when two or more of the types of business entities listed above join together to conduct a new business activity.

LLC as Part of a Joint Venture

If your company is set up as an LLC, it may join with one or more other business entities in a joint venture. This can be accomplished with a joint venture agreement, or by organizing a new business entity as a partnership, LLC, or corporation.

Joint Venture LLC

Regardless of how your company is structured, it can join with one or more other business entities and form a new LLC to operate a joint venture. The persons—individuals or business entities—collaborating in the joint venture would form an LLC. Each such person would be a member of the LLC.

What is LLC in business?

An LLC, or limited liability company, is a common type of business structure that provides its owners, or members, with ownership flexibility as well as personal liability protection.

Why should an LLC amend its operating agreement?

To reflect the addition of the new member and the change in ownership percentages of the existing members, the LLC should amend its existing operating agreement. Because the state treats the operating agreement as governing, it is imperative that any significant changes be accurately reflected in that document.

What should an operating agreement include?

In addition to current ownership, operating agreements should include voting procedures, the daily responsibilities of each member, the financial contributions of each member, and any other pertinent information relevant to business operations. 3. Amend the articles of organization.

Do LLCs have to file articles of organization?

States require LLCs to file articles of organization to formally exist as a business. In the majority of states, articles of organization must include basic contact information of all of the LLC's members. Once the LLC has added a new member, it must file a form amending the articles to reflect the new owner.

What is an AN number?

An employer identification number (EIN) is a unique number assigned to the LLC by the Internal Revenue Service (IRS). The IRS uses this number to identify the business for federal tax purposes. An EIN can be thought of as the LLC's social security number. An EIN may also be required if the LLC wants to open a bank account.

Can an LLC add a new member?

It is not uncommon for an existing LLC to add new members as the business grows and expands its operations . If an LLC wants to add a new member, it must follow the requirements set forth in the operating agreement. If the LLC does not have an operating agreement governing the addition of new members, then the default state law applies.

What is LLC in Pennsylvania?

Pennsylvania. Texas. Idaho. Oklahoma. A Limited Liability Company (LLC) is a type of business enterprise that combines elements of a corporation and a partnership together. The key feature of an LLC is that the LLC itself is not a taxable entity, it is actually a pass-through tax entity. This means that individual LLC owners report business losses ...

What is Mario's firm?

Mario's firm focuses on serving growth companies throughout the venture capital life cycle from startups to public companies. The firm provides services related to business law, specifically corporate, securities, business combinations and commercial transactions. He has also helped foreign clients in the acquisitions of businesses in the U.S., Canada, Europe, the Middle East, and South America.

Who is Seth Wiener?

As an experienced trial lawyer and litigator, Seth Wiener has resolved numerous federal and state litigations. His cases have included everything from family law to bankruptcy to fraud and more. Before Seth formed his own firm, the Law Office of Seth W. Wiener, he worked for several prominent law offices where he gained a great deal of experience.

Who is Steven Stark?

For over 30 years, Steven Stark has offered counsel to non-profit organizations and private companies. He has a passion for helping small businesses in particular since he himself started several businesses of his own in New York and Florida. He understands the importance of small businesses having a reliable attorney to advise them about legal matters from their inception.

What is Bradley Rothschild's job?

Creativity is key for Bradley Rothschild, a real estate, business, intellectual property, and entertainment attorney . When clients need an attorney who will think outside the box for them - Mr. Rothschild is the right person for the job. He focuses on not only solving problems, but also on serving the whole client and preventing problems.

Who is Alejandro Maher?

Alejandro Maher’s firm specializes in domestic and international corporate transactions, commercial litigation, and arbitration. He has represented individual investors, entrepreneurs, and emerging-growth companies in matters of public and private offerings of equity, M&A, and real estate financing. Currently, Alejandro has over 50 domestic and international clients.

Who is Richard Gora?

Looking for an attorney with experience? Richard Gora is the exact attorney you want. Having defended over 100 cases both in state and federal courts and working with clients from around the globe, Richard has an array of different experiences. His services are wide-ranging and include business litigation, securities litigations, employment litigation, and business counsel. Prior to founding Gora LLC, he worked for Finn, Dixon & Herling LLP for eight years.

How to join a class action lawsuit?

To join a class action lawsuit investigation, all you need to do is fill out the form on one of the open lawsuit investigation pages below, and you will receive a free case evaluation. A class action lawyer will reach out to you if you qualify.

Can mesh be used to repair hernias?

Using mesh devices to repair hernias has been in practice for more than 50 years. However, not all products are created equal. If a hernia mesh is defective, it can cause serious infections and other severe complications often leading to additional surgeries. ….

Is saxagliptin dangerous?

The prescription drug saxagliptin, found in the diabetes treatments Onglyza and Kombiglyze XR, has been linked to serious and potentially fatal heart side effects. A recent study has indicated patients who take these diabetes medications may also be at an increased risk of hospitalization due to heart failure….

Who is the attorney general of Connecticut?

Connecticut Attorney General Richard Blumenthal is calling on other states to join an investigation into Purdue Pharma, the Stamford, Conn.-based maker of the controversial painkiller OxyContin, the Associated Press reported Jan. 8.

Why is OxyContin being sued?

Purdue Pharma produces the drug OxyContin, and they are one of several drug companies that have been sued for grossly misrepresenting how dangerous and addictive opioid drugs can be . According to the White House Council of Economic Advisers, the opioid crisis caused by use and abuse of these prescription drugs has cost the United States more than $504 million. Prescription opioids can be highly addictive, leading to health complications and the risk of overdose. Because opioids slow breathing and interfere with oxygen intake, thousands of people have died of an opioid overdose.

What drugs are being sued by Purdue Pharma?

While OxyContin, Ryzolt, and MS Contin are some of the most frequently prescribed opioids, they’re far from the only Purdue Pharma medications that have had devastating effects on people’s lives. Other common drugs named in the Purdue Pharma lawsuit include Dilaudid and Palladone, brand names for hydromorphone; Butrans, or buprenorphine; Oxyfast and OxyIR, formulations of oxycodone; MSIR, a formulation of morphine; Hysingla ER, a brand name of hydrocodone; and DHC Plus , a combination medication that contains dihydrocodeine. If you or a loved one took any of these medications and experienced an addiction or loss as a result, you may be entitled to join the Purdue Pharma lawsuit.

Is OxyContin a narcotic?

OxyContin is a narcotic pain killer used to treat severe pain. It’s a time-released version of oxycodone that lasts up to 12 hours per dose. It’s also highly addictive and has caused many overdose deaths. Purdue Pharma is responsible for warning consumers of the risks of OxyContin, and their failure to do so, paired with an aggressive and misleading advertising campaign that fueled astronomical growth in prescription rates, makes the company liable for losses and damages inflicted on those affected by OxyContin overdoses and addiction. The company overstated the drug’s effectiveness and safety for long-term chronic pain, which has led to addiction for many people. If you have suffered pain and loss because of this medication, you may be eligible to join the Purdue Pharma OxyContin lawsuit settlement. Contact one of our lawyers to review your case today.

What is NAS in medical terms?

The birth of a child with neonatal abstinence syndrome (NAS) or NAS-related complications, such as a learning disability, spina bifida, a developmental disability, a heart defect, or congenital defects or malformations.

How many people die from opioid overdoses?

According to the CDC, on average, 46 people die every day from overdoses involving opioid drugs. Overdose rates increase significantly for people over 65 years old, and OxyContin is one of the most common opioid drugs involved in overdose deaths.

Is Ryzolt a painkiller?

Ryzolt, an extended-release form of tramadol hydrochloride, is prescribed to treat chronic and acute pain from illnesses like fibromyalgia, cancer, and rheumatoid arthritis. It’s a weaker type of painkiller than OxyContin, but this can lead to patients taking larger doses of the drug, which can lead to overdoses and addiction. Thousands of people have suffered from addiction and overdoses after taking this drug. The drug should be used cautiously in elderly patients, yet Purdue Pharma used advertisements targeted at veterans and the elderly to sell its medications. If Ryzolt has negatively impacted your life, contact one of our lawyers today.

Business Entity Basics

• Understanding joint ventures requires an understanding of business entities. It is important to understand the legal meaning of the word “person," as it is used in connection with business entities. A common legal definition of “person" is: “an individual, corporation, organization, or other legal entity." This makes the law applicable to all legal entities, not just to individual humans. Th…

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Joint Ventures

LLC as Part of A Joint Venture

Joint Venture LLC

Determine What Percentage of Ownership The New Member Will receive.

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Amend The Existing Operating Agreement.

Amend The Articles of Organization.

Obtain An Employer Identification number.