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What else can I help you with?
What is a managing partner in an LLC?
A managing member in an LLC is a person who holds an ownership interest the company. However, that person also is active in the day to day management of the company.
Can one LLC loan money to another LLC?
Yes, one LLC can loan money to another LLC. This type of transaction is common among businesses and can be structured with a formal loan agreement outlining terms such as interest rates, repayment schedules, and collateral.
How does an llc get investors?
Similarly to any other corporation, you can seek private investors to partner with or issue stock.
If 4 partners create an LLC and one of the partners forms a different additional LLC and doesn't pay his loan can the loan company go after the four partner LLC for money?
The definition of an LLC is a limited liability corporation. And as such each partner has a very limited liability to the actions of other partners. If a scam is involved then an investigation will be launched into who was involved but as far as financials go I believe that the company will take the hit on a defaulted loan and not the partners own pockets.
What happens to my LLC when I die?
When you die, your LLC can continue to exist if you have a succession plan in place. This plan may involve transferring ownership to a family member, partner, or selling the business. If no plan is in place, the LLC may need to be dissolved according to state laws.
Can an llc be a partner in a partnership?
Yes, an LLC can be a partner is a partnership and they often are. In this case, all partners in the general partnership are general partners.
What is a managing partner in an LLC?
A managing member in an LLC is a person who holds an ownership interest the company. However, that person also is active in the day to day management of the company.
Can one LLC loan money to another LLC?
Yes, one LLC can loan money to another LLC. This type of transaction is common among businesses and can be structured with a formal loan agreement outlining terms such as interest rates, repayment schedules, and collateral.
How does an llc get investors?
Similarly to any other corporation, you can seek private investors to partner with or issue stock.
If you have an LLC in another state and relocate to Florida do you need to form another LLC in Florida?
No. My father is applying for a LLC from Nevada (they have the best laws for this type of company - one person can control everything), it is legal. ANSWER: No, an LLC formed in another state can operate in Florida if it registers as a foreign LLC in Florida. However, if the LLC no longer operating in its original state, you may find that filing annual reports and paying fees is both states is an unnecessary burden. You may want to consider reforming the entity as a Florida LLC.
If 4 partners create an LLC and one of the partners forms a different additional LLC and doesn't pay his loan can the loan company go after the four partner LLC for money?
The definition of an LLC is a limited liability corporation. And as such each partner has a very limited liability to the actions of other partners. If a scam is involved then an investigation will be launched into who was involved but as far as financials go I believe that the company will take the hit on a defaulted loan and not the partners own pockets.
What happens to my LLC when I die?
When you die, your LLC can continue to exist if you have a succession plan in place. This plan may involve transferring ownership to a family member, partner, or selling the business. If no plan is in place, the LLC may need to be dissolved according to state laws.
Can you obtain an LLC on behalf of another individual?
Yes, it is possible to obtain an LLC on behalf of another individual by acting as a registered agent or representative during the formation process.
Can a trust be a partner within a partnership?
yep trust is the main thing in your relationship
What is another word for a work partner?
Another word for work partner is colleague.
What are some good mobile partners in Texas?
There are multiple mobile partner groups loated in Texas. One group, which is located in Houston, Texas, is called Mobile Partner Group LLC. Hope this helps!
Can you get a business loan for your incorporated LLC business if you have had a home foreclosed--is it best to get a silent partner?
If the home foreclosed on happened more then two years ago you should be in the clear. A silent partner is probably the way to go.
