Limited Liability Company Law Legal Questions

You may be entitled to use the Oklahoma small estate affidavit process. You should contact the county clerk for Probate in the county where your uncle died. Typically, a full Probate in Oklahoma does not need to happen, if the person died with assets of $50,000 or less. In that event, one of the heirs can file a small estate affidavit and after the court enters appropriate orders, the funds can be released to the rightful heirs. ... Read More

OK so if you traveled on a B visa, and bought a business, yes you're correct you cannot work because a tourist visa does not allow that. However you can change status from a B visa to an E 2 visa, or you could leave the country, and apply for an E2 visa in India, which would be good for two years, but you could renew that visa indefinitely. You should retain an immigration attorney here in Florida to assist you with the process. You are allowed to have a business partner that owns an equal number of shares that you have, even though that person is a US citizen. An Immigration attorney can discuss all the issues and steps that you need to take to Get permission to work for your business. Keep in mind that an E2 visa does not lead to a green card, but it can be renewed every two years indefinitely, provided that the business is making a profit that can support you and your family.... Read More

One of the main reasons people form an LLC is to shield themselves from personal liability for incidents that occur within the course of business dealings.  Many LLC's are pass through entities for tax purposes, which means it will not change your tax reporting circumstances.  As to whether you should or should not do something, that would require an consultation with an attorney where he or she can review your circumstances and advise you. Best of luck.... Read More