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• 1. L

     Inactive LLC gets tax bill

     Articles of Organization for a California LLC were filed 7 years ago with the Secretary of State's office, but no Agreement between the Members was ever established. No account was ever opened. Not a cent of income was ever made. The existence of the LLC was pretty much forgotten until...

     • Louise95
     • Thread
     • Nov 22, 2013
     • Replies: 10
     • Forum: Starting and Operating a Business
  2. L

     Can new LLC have several activities?

     In California... I have just received The Articles of Organization for a new LLC entity from the Secretary of State's office. I am about to get the EIN and file for one or maybe several dba's (ie Fictitious Names). The draft Operating Agreement says nothing specific about the "purpose" of the...

     • Louise95
     • Thread
     • Apr 5, 2013
     • Replies: 6
     • Forum: Starting and Operating a Business
  3. L

     Partner wants out of General Partnership...

     A California General Partnership owns 2 buildings, one held in title by the partnership (value $1.2m), the other held in title by the three equal partners as tenants in common (value $3.3m). Partnership agreement is 35 years old, never updated. The youngest partner was a minor at the time of...

     • Louise95
     • Thread
     • Feb 2, 2013
     • Replies: 14
     • Forum: Other Real Estate Law Questions