Archive for November, 2011

LLC member sold property without notifying other members. What can be done to get my investment and share of?

Sunday, November 27th, 2011

So confused asked: I am a member of an LLC that owned property in Hawaii. The LLC is recorded in California. I happened to find out that the property sold in April. What can I do to get my investment and share of the sale proceeds?

Is a DUI/DWI charge considered a criminal offense or a traffic offense?

Friday, November 25th, 2011

JIM Tahoe asked: In the State of Maryland is a DUI/DWI charge considered a Traffic Misdemeanor or a Criminal Misdeameanor?
Also when in the State of Maryland is a DUI case considered a Felonly?

I was arrested for DUI, but plead to reckless driving. Will I be allowed to cross the Canadian border?

Saturday, November 12th, 2011

Brent Fisher asked: I was arrested for DUI in 1996, but I plead to reckless driving (dry). I am planning on driving into Canada this summer 2010, will there be a problem entering, even though I was not convicted of DUI?

If I receive funds from someone to help get my LLC started, How or Would I even need to report the funds?

Saturday, November 12th, 2011

Dan F asked: If it was a sole membership LLC, and someone wanted to give me money to get it going, would I need to have this person sign something to show where the funds came from? Would these funds be taxable?
It would be a gift.

How should an Assignment of lease to an LLC form read?

Tuesday, November 8th, 2011

C asked: I am currently renting a property in my name and will be creating an LLC. Once created, the tenant will be instructed to pay the LLC.
What should the Assignment of Lease form state that will be given to the tenant?
Are there any sample forms available?
I searched the internet, but am not clear [...]