Posts Tagged ‘limited liability partnership’
Friday, December 18th, 2009
Having been in corporate law practice for many years, in mega-, mid-sized- and boutique law firms, I’ve used nearly every corporate service provider in the industry. Now, virtually all of my and my colleagues’ business goes to Vcorp. We are sold on Vcorp’s cost-sensitive, comprehensive package of services and commitment to excellence in customer service. I’ve personally used Vcorp for business formations, changes to business structure, retrieval of certificates of good standing, and 501(c)(3) tax-exempt filings, lien searches, registered agent service, and LLC publishing services (which Vcorp offers at *extremely* competitive prices) in numerous states, an have always been delighted with the results. In-house general counsel, outside counsel, bankers and other professionals who require quality service with a collegial attitude at a competitive cost are missing out if not using Vcorp.
- Thaddeus Wojcik
Senior Counsel, Roberts Ritholz Levy Sanders Chidekel & Fields LLP
Here at Vcorp Services, our top priority is satisfaction on all fronts- low costs for the fastest turnarounds with the best of customer service. We know that business is not just about closing deals but about building a relationship that clients can rely on for the long run. We thank Mr. Wojick for his professional patronage and his wonderful words in support of our services.
Tags: accountants, Accounting, accounting services, activities, banking, business, business filings, business finance, business services, Business Structure, c-corp, capital, certified public accountants, consumers, corporate law, corporate services, corporation, document, elawyering, entreprenuer, fast incorporation, fast LLC, financial findings, form a business, formation, Free LLC, incorporate, incorporation, investors, legal document, legalzoom, limited liability, limited liability partnership, LLC, llc formation, LLP, review, rocket lawyer, s-corp, sole proprietor, start your own company, stock, taxation, testimony, UCC filings, Vcorp, vcorp services, what is right
Posted in Uncategorized | No Comments »
Wednesday, December 16th, 2009
Federal Employer Identification Number (FEIN) is also known as Federal Tax Identification Number. This 9 digit code is used by businesses in order to classify and identify them as a tax payer, for banking services and other official and legal purposes. Businesses with no employees and sole proprietorships may use the Social Security number for tax reporting. But companies with employees must have FEIN or Federal Employer Identification Number. The FEIN will be required in order to open bank and credit accounts, hire employees or set up benefit plans.
If one person owns multiple businesses, each business would be required to have its own FEIN. The FEIN is unique to a business just like Social Security number is unique to an individual.
One can apply for a Federal Identification Number online (preferred method), or on Form SS-4 by phone, fax, or mail. The principal officer, general partner, grantor, owner, trustor etc. must have a valid Taxpayer Identification Number (Social Security Number, Employer Identification Number, or Individual Taxpayer Identification Number) in order to use the online application.
Obtaining the FEIN is one of several essential steps one needs to take when establishing a new entity for business. Vcorp Services, LLC will obtain the FEIN on behalf of a client’s company.
In instances where Vcorp Services handles the formation submission, please note the following:
(i) If the client provide information regarding social security number (for owner who is a natural person) or FEIN (for owner who is a corporation or limited liability company), Vcorp will provide the service free of charge.
(ii) If social security number of FEIN is not available, Vcorp will charge $45.00 for the service.
In instances where Vcorp Services does not handle the formation submission, please note the following:
(i) If the client provide information regarding social security number (for owner who is a natural person) or FEIN (for owner who is a corporation or limited liability company), Vcorp will charge $45.00.
(ii) If social security number of FEIN is not available, Vcorp will charge $90.00 for the service.
Immediately upon ordering the FEIN, Vcorp Services will send to the client an email confirming that the order for FEIN has been submitted. Vcorp Services will send a second email to the client as soon as the FEIN information becomes available.
Disclaimer: This post does not constitute legal advice
Tags: accountants, Accounting, accounting services, activities, banking, business, business filings, business finance, business services, Business Structure, c-corp, capital, certified public accountants, consumers, corporate law, corporate services, corporation, document, elawyering, entreprenuer, fast incorporation, fast LLC, federal employer identification number, FEIN, financial findings, form a business, formation, Free LLC, incorporate, incorporation, investors, legal document, legalzoom, limited liability, limited liability partnership, LLC, llc formation, LLP, rocket lawyer, s-corp, sole proprietor, start your own company, stock, taxation, UCC filings, Vcorp, vcorp services, what is right
Posted in Definitions | No Comments »
Monday, December 14th, 2009
The Limited Liability Partnership (LLP) is essentially a general partnership in form, with one important difference. Unlike a general partnership, in which individual partners are liable for the partnership’s debts and obligations, an LLP provides each of its individual partners protection against personal liability for certain partnership liabilities.
Numerous states have enacted LLP Statutes, but the nature and extent of relief from personal liability and the types of business enterprises that can use the LLP form varies depending on the state of LLP formation. It is important to note that the state LLP statutes are not uniform and have important variations in, among other things, the types of business that may use LLPs, cash reserve or insurance requirements, the level of personal involvement that will cause a partner to bear personal liability for another person’s negligence, and registration renewal requirements and the effect of a failure to timely renew LLP status.
This form of organization is mostly of interest to partners in old-line professions such as law, medicine, and accounting, where partners are protected from being personally liable for the malpractice of other partners. Additionally, partners report their share of profit or loss on their personal tax returns.
Unlike a limited liability company or a professional limited liability company, owners (partners) remain personally liable for many types of obligations owed to business creditors, lenders, and landlords.
Disclaimer: This post does not constitute legal advice
Tags: accountants, Accounting, accounting services, activities, banking, business, business filings, business finance, business services, Business Structure, c-corp, capital, certified public accountants, consumers, corporate law, corporate services, corporation, document, elawyering, entreprenuer, fast incorporation, fast LLC, financial findings, form a business, formation, Free LLC, incorporate, incorporation, investors, legal document, legalzoom, limited liability, limited liability partnership, LLC, llc formation, LLP, rocket lawyer, s-corp, sole proprietor, start your own company, stock, taxation, UCC filings, Vcorp, vcorp services, what is right
Posted in Business Structure | No Comments »
Monday, October 26th, 2009
Vcorp Services is pleased to announce the launch of it’s Apple iPhone application. Available for download at the iTunes Store!
Entrepreneurs, Executives, General Counsel, Corporate Attorneys and Paralegals, Accounting and Tax Professionals are all excited about Vcorp Services new application for the iPhone. Now, the services you have come to depened on are available anytime and anywhere as long as you are connected to the 3G Network.
Need to incorporate? Need and LLC? Vcorp offers competitive prices and the fastest service on forming a new business in any of the 50 states.
How about business services? Vcorp provides the most convenient, easy-to-use- services to help you keep your company in good standing. Ensure full legal compliance, tax savings and maximum asset protection by taking advantage of Vcorp’s registered agent services, trademarks, tax-exempt 501c filings, publication services, and annual reports – in all 50 states.
This is the first application of its kind, and we are offering it FREE for the next 15 days! Head to the application store on your iPhone and search for Vcorp Services.
Tags: 501c3, accountants, Accounting, accounting services, ACH transactions, activities, amendment, apostille, assumed name, balance, banking, bill payment service, brad inman, business banking, business filings, business finance, business licenses, business services, c-corp, CALIFORNIA ASSOCIATION OF REALTORS, CEO mobile service, certification of good standing, certified copy, certified public accountants, compliance services, consumers, conversion, corporate banking, corporate kit, corporate law, corporate services, corporation, CPA’s, DBA, dissolution, document, document retrieval, elawyering, eni number, entertainment business, fast incorporation, fast LLC, federal tax wires, financial findings, foreign qualification, form a business, Free LLC, getting a trademark, incfile, incorporate, incorporation, independent director, independent member, iPhone, iPhone app, joel singer, lawsuit, legal document, legal issues, legal zoom, legalzoom, limited liability company, limited liability partnership, limited partnership, LLC, long beach, megan minich, merger, mobile banking, mobile version, name preservation, non-profit, non-profit companies, online banking, professional practice, registered, registered agent service, reinstatement, reporting information, residential brokerage, rocket lawyer, s-corp, seal, secretary of state, service mark, small business tools, solutions, springing member, start an entertainment company, start your own company, stock designation, tax identification number, tax-exempt, tech tuesday, trademark, UCC filings, ucc search, users, Vcorp, vcorp services, wells fargo, wired for change
Posted in Uncategorized | No Comments »
Tuesday, January 27th, 2009
A new survey has found that companies—whether financially weak or strong—are struggling to make the right moves in the current economic environment, with many wavering in their confidence of leadership’s ability to navigate the crisis.
According to the survey, 40% of senior managers doubt that their leadership has a credible plan to address the economic crisis, while an even greater number—46%—are not sure that their leadership could carry out the plan, credible or not. Additionally, one-third of all CEO and CXO-level respondents do not have confidence in the plans that they presumably wrote themselves. Further, a remarkably high number of hard-hit companies—65%—are not doing enough to ensure their own survival, such as accelerating efforts to dispose of assets or secure external funding. Among companies that state they are financially strong, one-quarter are not taking advantage of opportunities to improve their position in the crisis.
While more than half (54%) of the managers expect their companies to emerge from the crisis stronger, the survey finds their optimism doesn’t square with their balance sheets; there is a disconnect between many companies’ financial/competitive position and strategic response. “Companies have focused on the near term, some at the expense of the long-term opportunities. The strong need to go long. They need to create a view of new industry structure,” said Bill Jackson, Booz & Company Senior Partner. “Many strong and stable companies are playing things too short-term oriented for the moment. The really struggling and failing companies have reacted dramatically and some have already moved into bankruptcy.”
Tags: 501c3, accountants, Accounting, accounting services, ACH transactions, activities, amendment, apostille, assumed name, balance, banking, bill payment service, brad inman, business banking, business filings, business finance, business licenses, business services, c-corp, CALIFORNIA ASSOCIATION OF REALTORS, CEO mobile service, certification of good standing, certified copy, certified public accountants, compliance services, consumers, conversion, corporate banking, corporate kit, corporate law, corporate services, corporation, CPA’s, DBA, dissolution, document, document retrieval, elawyering, eni number, entertainment business, fast incorporation, fast LLC, federal tax wires, financial findings, foreign qualification, form a business, Free LLC, getting a trademark, incfile, incorporate, incorporation, independent director, independent member, joel singer, lawsuit, legal document, legal issues, legal zoom, legalzoom, limited liability company, limited liability partnership, limited partnership, LLC, long beach, megan minich, merger, mobile banking, mobile version, name preservation, non-profit, non-profit companies, online banking, professional practice, registered, registered agent service, reinstatement, reporting information, residential brokerage, rocket lawyer, s-corp, seal, secretary of state, service mark, small business tools, solutions, springing member, start an entertainment company, start your own company, stock designation, tax identification number, tax-exempt, tech tuesday, trademark, UCC filings, ucc search, users, Vcorp, vcorp services, wells fargo, wired for change
Posted in Industry News | No Comments »
Monday, January 12th, 2009
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Valence Technology prevailed in today’s decision by the Opposition Board of the European Patent Office (EPO) to revoke the European Patent granted to the University of Texas (UT) relating to lithium metal phosphates. The decision revoking the Goodenough et. al. UT European Patent eliminates any risk that UT could assert the European Patent against Valence’s proprietary lithium iron magnesium phosphate cathode material, which is a critical material for the next generation of electric vehicle batteries.
Valence had initiated opposition proceedings in the EPO on July 27, 2005, against the grant of the European Patent held by the University of Texas alleging that it lacked novelty. As a result of today’s decision, European Patent number 0904607, originally issued to UT, has been revoked by the EPO in its entirety. The decision to revoke the patent can be appealed by UT.
“Today’s decision by the European Patent Office was an important one for our company,” said Robert L. Kanode, president and CEO of Valence Technology, Inc. “By revoking the European Patent, the cloud of any possible patent infringement claim under the UT European Patent has been removed affirming Valence’s unrestricted right to market its unique, patented lithium phosphate powder batteries in Europe. The decision will allow us to more fully pursue European OEMs, who are the world leaders in electric vehicles. We have already established the proven performance and supply capability for our innovative battery solutions, and now our unrestricted right to market our proprietary lithium phosphate based energy storage solutions in Europe has been confirmed.”
Tags: 501c3, accountants, Accounting, accounting services, ACH transactions, activities, amendment, apostille, assumed name, balance, banking, bill payment service, brad inman, business banking, business filings, business finance, business licenses, business services, c-corp, CALIFORNIA ASSOCIATION OF REALTORS, CEO mobile service, certification of good standing, certified copy, certified public accountants, compliance services, consumers, conversion, corporate banking, corporate kit, corporate law, corporate services, corporation, CPA’s, DBA, dissolution, document, document retrieval, elawyering, eni number, entertainment business, fast incorporation, fast LLC, federal tax wires, financial findings, foreign qualification, form a business, Free LLC, getting a trademark, incfile, incorporate, incorporation, independent director, independent member, joel singer, lawsuit, legal document, legal issues, legal zoom, legalzoom, limited liability company, limited liability partnership, limited partnership, LLC, long beach, megan minich, merger, mobile banking, mobile version, name preservation, non-profit, non-profit companies, online banking, professional practice, registered, registered agent service, reinstatement, reporting information, residential brokerage, rocket lawyer, s-corp, seal, secretary of state, service mark, small business tools, solutions, springing member, start an entertainment company, start your own company, stock designation, tax identification number, tax-exempt, tech tuesday, trademark, UCC filings, ucc search, users, Vcorp, vcorp services, wells fargo, wired for change
Posted in Patents | 2 Comments »
Friday, January 9th, 2009

With the economy in a slump, many companies are asking the question “how can I best make use of every technology dollar I spend?”
Many of the world’s top enterprises are taking steps to answer this question by implementing a Technology Financial Management (TFM) solution from ComSci. The ComSci IT Cost Transparency and Chargeback solution enables enterprises to gain more visibility into the costs of IT products and services, optimize IT investments and better align IT with the overall strategy of the business. By utilizing ComSci’s intuitive, interactive web-based reporting and analytics engine, these firms provide business users with the details of their individual usage, so enterprise customers everywhere can minimize IT costs and maximize IT business value.
In general, companies that implement a cost transparency and chargeback process can save 3% to 5% of their total IT Budget. ComSci’s solution provides detailed consumption information and metrics to the business users in order to obtain these savings. The business users, now aware of the costs of their consumption of IT services, are able to make better decisions about IT priorities and this enables them to eliminate services that are not adding value to the business.
“To many CIOs, the demand for IT resources appears infinite,” Craig Symons of Forrester wrote in his June 2006 report, How IT Must Shape and Manage Demand. “No matter what the business cycle, competitive environment, or internal conditions may be, IT resources are needed to grow or enable new businesses, improve margins, or reduce fixed and variable costs…. Without an effective mechanism to shape or control this demand, IT will almost always be faced with more demand than resources, forcing difficult decisions about resource allocation and leaving the perception that IT is a bottleneck to getting things done.”
Tags: 501c3, accountants, Accounting, accounting services, ACH transactions, activities, amendment, apostille, assumed name, balance, banking, bill payment service, brad inman, business banking, business filings, business finance, business licenses, business services, c-corp, CALIFORNIA ASSOCIATION OF REALTORS, CEO mobile service, certification of good standing, certified copy, certified public accountants, compliance services, consumers, conversion, corporate banking, corporate kit, corporate law, corporate services, corporation, CPA’s, DBA, dissolution, document, document retrieval, elawyering, eni number, entertainment business, fast incorporation, fast LLC, federal tax wires, financial findings, foreign qualification, form a business, Free LLC, getting a trademark, incfile, incorporate, incorporation, independent director, independent member, joel singer, lawsuit, legal document, legal issues, legal zoom, legalzoom, limited liability company, limited liability partnership, limited partnership, LLC, long beach, megan minich, merger, mobile banking, mobile version, name preservation, non-profit, non-profit companies, online banking, professional practice, registered, registered agent service, reinstatement, reporting information, residential brokerage, rocket lawyer, s-corp, seal, secretary of state, service mark, small business tools, solutions, springing member, start an entertainment company, start your own company, stock designation, tax identification number, tax-exempt, tech tuesday, trademark, UCC filings, ucc search, users, Vcorp, vcorp services, wells fargo, wired for change
Posted in Industry News | No Comments »
Wednesday, January 7th, 2009

Wal-Mart has has reached a settlement of a wage and hour class action against Wal-Mart in Minnesota captioned Braun et al. v. Wal-Mart, Inc. et al.
The class includes approximately 100,000 current and former hourly associates who worked at Wal-Mart Stores and Sam’s Clubs locations in Minnesota from September 11, 1998 through November 14, 2008, and the settlement provides for payment by Wal-Mart of up to $54.25 million, including a substantial payment to the State of Minnesota. Also, as part of the settlement, Wal-Mart has agreed to maintain various electronic systems, surveys, and notices that will further compliance with wage and hour policies and Minnesota laws. The settlement is subject to approval by the trial court, and the exact amount paid to class members will depend on the court’s approval as well as on the number and amount of claims that are submitted by class members.
All parties believe this settlement is fair and reasonable for all concerned. “We are satisfied with this settlement, gratified that these hourly workers will now be paid after seven years of litigation, and happy that the State of Minnesota will receive the largest wage and hour civil penalty in its history,” said Justin Perl, of the Minneapolis law firm of Maslon Edelman Borman & Brand, co-lead counsel for the class. Wal-Mart spokesperson David Tovar added, “Wal-Mart is pleased that the court in Minnesota ruled in its favor on many claims. Our policies are to pay every associate for every hour worked and to make rest and meal breaks available for associates. Any manager who violates these policies is subject to discipline, up to and including termination. We remain committed to providing good jobs with real career opportunity to the 1.45 million U.S. associates who choose to work for Wal-Mart and serve our customers every day.”
Tags: 501c3, accountants, Accounting, accounting services, ACH transactions, activities, amendment, apostille, assumed name, balance, banking, bill payment service, brad inman, business banking, business filings, business finance, business licenses, business services, c-corp, CALIFORNIA ASSOCIATION OF REALTORS, CEO mobile service, certification of good standing, certified copy, certified public accountants, compliance services, consumers, conversion, corporate banking, corporate kit, corporate law, corporate services, corporation, CPA’s, DBA, dissolution, document, document retrieval, elawyering, eni number, entertainment business, fast incorporation, fast LLC, federal tax wires, financial findings, foreign qualification, form a business, Free LLC, getting a trademark, incfile, incorporate, incorporation, independent director, independent member, joel singer, lawsuit, legal document, legal issues, legal zoom, legalzoom, limited liability company, limited liability partnership, limited partnership, LLC, long beach, megan minich, merger, mobile banking, mobile version, name preservation, non-profit, non-profit companies, online banking, professional practice, registered, registered agent service, reinstatement, reporting information, residential brokerage, rocket lawyer, s-corp, seal, secretary of state, service mark, small business tools, solutions, springing member, start an entertainment company, start your own company, stock designation, tax identification number, tax-exempt, tech tuesday, trademark, UCC filings, ucc search, users, Vcorp, vcorp services, wells fargo, wired for change
Posted in Patents | No Comments »
Monday, January 5th, 2009

FreePatentsOnline.com has launched an informational site, www.citepatents.com, to help bloggers, journalists and others easily reference patent information, and to provide a free patent search box for adding to websites with a single mouse click.
Due to an impartial, peer-reviewed nature, patents are an important, frequently cited source of highly detailed, accurate technical information. Patents are uniquely powerful in citation; any writer on the web who refers to a patent with a hyperlink is footnoting a highly-credible document.
“Across the international spectrum, tens of millions of patents now exist, going back hundreds of years,” said Erik Reeves, CEO of FreePatentsOnline. “It is a profoundly broad database of how things work, from every continent. Citing a patent with FPO is easy, because the FPO URL taxonomy is crystal clear.”
For example, RIM, the firm behind the BlackBerry, may have avoided its patent infringement lawsuit and settlement payment of $612.5 million to Annandale, Virginia-based NTP by simply searching CitePatents.com or FreePatentsOnline.com for an electronic mail system with RF communications to mobile processors patent. The result is http://www.freepatentsonline.com/6317592.html.
“I always reference FPO when I cite patents,” said Blaise Mouttet of the TinyTechIP blog. “They have the best interface and features in the inventions-database space, and as soon as they made their search capability available outside their site, I placed it on my blog right away, as a service to my readers.”
At CitePatents.com, the html behind the FPO SearchBox can be grabbed and placed on a website or blog. Also, CitePatents.com has information on the differences between patents and patent applications, patent numbering, and the taxonomy of a patent document.
Tags: 501c3, accountants, Accounting, accounting services, ACH transactions, activities, amendment, apostille, assumed name, balance, banking, bill payment service, brad inman, business banking, business filings, business finance, business licenses, business services, c-corp, CALIFORNIA ASSOCIATION OF REALTORS, CEO mobile service, certification of good standing, certified copy, certified public accountants, compliance services, consumers, conversion, corporate banking, corporate kit, corporate law, corporate services, corporation, CPA’s, DBA, dissolution, document, document retrieval, elawyering, eni number, entertainment business, fast incorporation, fast LLC, federal tax wires, financial findings, foreign qualification, form a business, Free LLC, getting a trademark, incfile, incorporate, incorporation, independent director, independent member, joel singer, lawsuit, legal document, legal issues, legal zoom, legalzoom, limited liability company, limited liability partnership, limited partnership, LLC, long beach, megan minich, merger, mobile banking, mobile version, name preservation, non-profit, non-profit companies, online banking, professional practice, registered, registered agent service, reinstatement, reporting information, residential brokerage, rocket lawyer, s-corp, seal, secretary of state, service mark, small business tools, solutions, springing member, start an entertainment company, start your own company, stock designation, tax identification number, tax-exempt, tech tuesday, trademark, UCC filings, ucc search, users, Vcorp, vcorp services, wells fargo, wired for change
Posted in Patents | No Comments »
Friday, January 2nd, 2009

I prefer to report about when patents are utilized properly as opposed to simply being the focus of lawsuits, and that is what occurred this past week.
Frontier Communications and Ronald A. Katz Technology Licensing, L.P., headquartered in Los Angeles, announced today the settlement of patent litigation between the parties. As part of the settlement, Frontier Communications Corporation has agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications.
The patents held by Ronald A. Katz Technology Licensing, L.P. cover a wide range of interactive technology including automated forms of: customer service, prescription refill services, securities trading, merchandising, prepaid services, telephone conferences, registration, home shopping, as well as functions involved in securing information from databases by telephone, interactive cable transactions, and various other uses of toll free and local numbers.
Ronald A. Katz stated, “We welcome Frontier Communications Corporation to the group of leading telecommunications companies who have purchased a license under this portfolio.”
Mr. Katz is the named inventor on a large number of patents primarily in the fields of telecommunications and computing. He also formed Telecredit, Inc., the nation’s first on-line real time credit and check cashing authorization system, and was awarded a patent as co-inventor of that technology.
Tags: 501c3, accountants, Accounting, accounting services, ACH transactions, activities, amendment, apostille, assumed name, balance, banking, bill payment service, brad inman, business banking, business filings, business finance, business licenses, business services, c-corp, CALIFORNIA ASSOCIATION OF REALTORS, CEO mobile service, certification of good standing, certified copy, certified public accountants, compliance services, consumers, conversion, corporate banking, corporate kit, corporate law, corporate services, corporation, CPA’s, DBA, dissolution, document, document retrieval, elawyering, eni number, entertainment business, fast incorporation, fast LLC, federal tax wires, financial findings, foreign qualification, form a business, Free LLC, getting a trademark, incfile, incorporate, incorporation, independent director, independent member, joel singer, lawsuit, legal document, legal issues, legal zoom, legalzoom, limited liability company, limited liability partnership, limited partnership, LLC, long beach, megan minich, merger, mobile banking, mobile version, name preservation, non-profit, non-profit companies, online banking, professional practice, registered, registered agent service, reinstatement, reporting information, residential brokerage, rocket lawyer, s-corp, seal, secretary of state, service mark, small business tools, solutions, springing member, start an entertainment company, start your own company, stock designation, tax identification number, tax-exempt, tech tuesday, trademark, UCC filings, ucc search, users, Vcorp, vcorp services, wells fargo, wired for change
Posted in Patents | No Comments »