Legal Question in Business Law in Virginia
hello.. i have a llc license for a martialarts buissnes my question is? is it possible to have more than just me as the owner of the buissnes and can i split the buissnes into shares so that i can protect my assets. to be more clear i want my daughter to own 51%of the buissnes so that should anything happen to me she has the controlling share if so where and how do i go about doing that.. thank you steve
Asked on 3/07/13, 12:49 pm
1 Answer from Attorneys
Paul B. Ward
Law Offices of Paul B. Ward
If you incorporate the business it can be owned in whatever shares you choose, such as your daughter owning 51% and you the remaining 49%.
It would be a good idea for you to consult an attorney in your area to assit you in this.
Answered on 3/07/13, 1:09 pm
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