Experienced & Trusted Attorney
While this website provides general information, it does not constitute legal advice. The best way to get guidance on your specific legal issue is to contact us directly. To schedule a meeting with David, please call (417) 678-5161 or complete the form.
- 800 - 430
Frequently Asked Questions
This information was prepared as a public service by David Payne Law. It contains general information and is not intended to apply to any specific situation. The information is very broadly and simply stated. There are a number of exceptions and specific rules that apply to your particular situation and lead to a different result. If you need legal advice or have questions, contact me.
Most states have a form that allows you to convert your business to an LLC. For states that do not have a conversion form, the business must file an application to become an LLC. Some states also require a partnership to run an ad in the newspaper announcing its dissolution. You must also remember to change all of your licenses and permits over to the name of your LLC. Contact a business lawyer for more advice.
Without a will, your property may go to unintended beneficiaries. You do not need to have a large estate to need a will.
Missouri has several rules that simplify or eliminate the probate process when you are survived by a spouse or have a small estate and do not own real property..
An LLC is a hybrid entity.
It has some of the characteristics of a partnership, primarily for income tax purposes. It’s a pass-through entity and files a partnership income tax return for federal tax purposes. But it has the same liability shield as a corporation. This explainer is part of a larger story about undisclosed business interests in Missouri. In many respects it combines the best attributes of two historical types of business entities: limited partnerships and corporations.