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Limited Liability Corporation

Texas, I have an llc right now. Can I change it to a c corporation?

While this varies from State to State, it is likely you can convert your entity from a LLC to a Corporation. To discuss this fully, please schedule a consultation with your LegalZoom provider law firm. Jeffrey Lippman's offices are located in Leesburg, Virginia. Mr. Lippman is licensed to practice law in the District of Columbia and the state of Maryland, and his comments may only apply to those jurisdictions. If your question applies to a different jurisdiction you should check with an attorney in that jurisdiction. The information is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Answering this question does not in any way constitute legal representation and any information you provide is not protected by attorney-client privilege.

Do you recommend setting up the legal sturcture of a business first when it involves a partner, or do you recommend having a working business model/product/service first? I guess this is kind of a chicken before the egg sort of a question...

Starting a business should be like taking a road trip. You follow a course plotted by the GPS or outlined on a map to your end point. Before officially starting a business, you want to plot your course to include things like researching if you have a viable idea, is there a market, how much money is needed for startup and creating a business plan. An excellent free resource is www.sba.gov which has guides to assist you and also counselors. Your LegalZoom membership will provide you with resources for setting up your business and legal advice to assist you with questions. ATTORNEY ADVERTISEMENT. The choice of a lawyer is an important decision and should not be based solely upon advertisements. Amy Hutchens' offices are located in Kansas City, Missouri. Ms. Hutchens is licensed to practice law in the state of Kansas and Missouri and her comments may only apply in those states. If your question applies to a different state you should check with an attorney in that state. The information is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Answering this question does not in any way constitute legal representation and any information you provide is not protected by attorney-client privilege.

Incorporation

How do I close my corporation?

LegalZoom can assist you in dissolving your business. We simplify the process for you by completing and filing the required dissolution document with the Secretary of State. You can see packages and pricing here: https://www.legalzoom.com/business/business-operations/articles-of-dissolution-llc-corporation-pricing.html

Do you need to renew the inc every year or is this a one time fee?

Every state has its own requirements to maintain compliance and good standing. In some cases this includes an annual report, which would have a filing fee. You may want to contact the state directly to see what your state requires to maintain good standing. When it comes to LegalZoom fees, our initial package filing fee is a one-time fee. Any recurring fees to LegalZoom would be associated with subscription services and are indicated on your initial receipt.

Sole Proprietorship

If you have an llc in one state and want to set up business in another as a dba or llc do I have to apply for another tax id #?

If you are filing as a foreign LLC in another state, typically you do not need another tax ID (although the state may require their own ID) because if it is the same entity. If you are creating a brand new LLC unconnected to the LLC you already have established, then you would need to set up a new Tax ID, since that is a new LLC.

Cody Cooper's offices are located in Pasadena, California. Cody Cooper is licensed to practice law in the state of California and their comments may only apply to that state. If your question applies to a different state you should check with an attorney in that state. The information is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Answering this question does not in any way constitute legal representation and any information you provide is not protected by attorney-client privilege.

California, does a sole proprietor have to pay franchise tax?

California sole proprietors do not have to pay the franchise tax fee.

Cody Cooper's offices are located in Pasadena, California. Cody Cooper is licensed to practice law in the state of California and their comments may only apply to that state. If your question applies to a different state you should check with an attorney in that state. The information is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Answering this question does not in any way constitute legal representation and any information you provide is not protected by attorney-client privilege.

Non Profit

Can I have multiple factions under my nonprofit organization title?

There might be some state specific rules, so be careful for those, but generally, as long as these factions are for the purpose of furthering the non-profit purpose of the organization, then you can have multiple factions.

Cody Cooper's offices are located in Pasadena, California. Cody Cooper is licensed to practice law in the state of California and their comments may only apply to that state. If your question applies to a different state you should check with an attorney in that state. The information is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Answering this question does not in any way constitute legal representation and any information you provide is not protected by attorney-client privilege.

Can you help our il 501c3 move domicile from il to texas?

LegalZoom does offer entity domestication services but the rules vary by State and both the target State and home State will have requirements. I recommend you schedule consultations with the LegalZoom provider firms in both States. Jeffrey Lippman's offices are located in Leesburg, Virginia. Mr. Lippman is licensed to practice law in the District of Columbia and the state of Maryland, and his comments may only apply to those jurisdictions. If your question applies to a different jurisdiction you should check with an attorney in that jurisdiction. The information is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Answering this question does not in any way constitute legal representation and any information you provide is not protected by attorney-client privilege.

501(c)3

Nj. Is it possible for an llc to be granted tax-exempt status if the mission of the company is educational?

There are really two questions here at least. Tax exempt status is typically granted on both a Federal and State level. Educational purposes is one of the quintessential 501(c)(3) missions. The other issue is whether a LLC can be tax exempt. It can be but there is far more law on corporate tax exempts. To discuss all the issues involved so you can make the best decisions, I urge you to schedule a full consultation with your LegalZoom provider law firm. Jeffrey Lippman's offices are located in Leesburg, Virginia. Mr. Lippman is licensed to practice law in the District of Columbia and the state of Maryland, and his comments may only apply to those jurisdictions. If your question applies to a different jurisdiction you should check with an attorney in that jurisdiction. The information is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Answering this question does not in any way constitute legal representation and any information you provide is not protected by attorney-client privilege.

I have to refill the 503c1 do you do this?

Both LegalZoom and many of the provider firms offer 501(c)(3) related services. It is unclear what you mean by re-file. I encourage you to schedule a consult with your provider law firm. Jeffrey Lippman's offices are located in Leesburg, Virginia. Mr. Lippman is licensed to practice law in the District of Columbia and the state of Maryland, and his comments may only apply to those jurisdictions. If your question applies to a different jurisdiction you should check with an attorney in that jurisdiction. The information is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Answering this question does not in any way constitute legal representation and any information you provide is not protected by attorney-client privilege.