In the last post I talked about why my subpoena to a formation agent (this is not an official term like registered agent and is a general way to refer to the companies which will set up a business for
The previous post discussed the “secrecy” which a limited liability company (LLC) enjoys. I included a subpoena to a third-party company that sets up LLCs for people. That subpoena requested all of the contact information possessed by the third-party formation
Secrecy is a relative concept. If you think a limited liability companies (LLC) will protect you from a vindictive spouse, cheated business partner or Uncle Sam, you’re mistaken. In a previous post, I wrote about LLCs and how they are often
Many practitioners don’t pay much attention to the details regarding the treatment of an LLC versus a corporation when it comes to diversity jurisdiction. A corporation is a citizen of both the state of its incorporation and the state of its principal place of business. So if you form a Delaware corporation in five minutes, you’ve got a Delaware corporation and can sue someone who lives in New York in federal court, provided other requirements are met (i.e., amount in controversy exceeds $75,000.00 etc.).