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Jeffrey Mead Kurzon

Jeffrey Kurzon’s Answers

70 total


  • How to get out of an LLC on legal zoom

    A couple of months ago I came up with a business idea and started a business with two partners . One of the partners created a LLC on legal zoom . com with each of us ( three partners ) having 33 1 / 2 of the business . I called legal zoom t...

    Jeffrey’s Answer

    You should request from your partners a copy of the LLC agreement to know the terms and conditions of the operating agreement, which is the document that governs the relation between you as a member vis-a-vis the other members and the company. I would be happy to assist you with this. Feel free to contact me to make an appointment to speak.

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  • Need tips on how to pick the best entertainment attorney for me on long term...

    Situation : upstart solo artist , unsigned , no intent to get signed , new to US , performer , composer , background musician , want to develop my own business . Also - what are the best entertainment law / music business books for dumm...

    Jeffrey’s Answer

    Check out http://www.romanolaw.com/ He is on Avvo and comes highly recommended - they might be able to help.

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  • Independent contractor let go, asked to destroy confidential information. He didn't. What is he liable for?

    I hired an independent contractor . We have no written agreement as far as the IX specifically but we had a AND which stated that upon termination all confidential info should be returned or destroyed . The time came to terminate him , and I as...

    Jeffrey’s Answer

    Why did you not respond? Is it too late? Avoiding litigation if possible is a good idea because it is expensive, time consuming and unpredictable (e.g. you have no idea what the result will be, how long it will take and/or if the independent contractor will counterclaim against your company for something). The doctrine of "unclean hands" may hurt your case. Ultimately, you should speak with a litigator to review the contract and the facts. Happy to introduce you to one on our team if you would like.

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  • I own 10percent equity in a startup company, should I have a common stock or preferred agreement.

    I used my network to get me and partners idea funded to our first phase 500k,.. Just wanted be sure I can't be diluted or worse. Because the company has potential to generate alot of revenue. On our agreement before we got investors I'm listed as ...

    Jeffrey’s Answer

    No such thing as a "generic common stock agreement." Every agreement is unique and subject to negotiation. If I had to guess without reviewing your stockholders' agreement, I would think that you would have common as a founder and you would be subject to dilution. But there could be anti-dilution provision. Usually they are not used since you would rather own 1% of a $100,000,000 company than 10% of a 1,000,000 company. My two cents. Get a lawyer is my advice.

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  • Hello, I wanted to know what Happens if I break Non Compete agreement.

    Need help asap

    Jeffrey’s Answer

    You risk getting sued. You should speak with a litigator. Litigation is costly and not fun, so suggest you consult an attorney.

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  • 8 years ago I loaned $35000 to my nephew in Florida. He has not repaid the money - we had oral agreement. What can I do ?

    I live in ny and my nephew is in Florida .. The loan at the time was made to their family business which since has closed. Only documentation I have are the bank documents that show money transfer details.. Please advise what course of action I c...

    Jeffrey’s Answer

    Agree with Mr. Frederick. There could be many issues and believe that while you could possibly aggressively go after the money, your best shot may be to contact your nephew and see if he can repay all or any of it. If so, you should try to get that in writing and pay a lawyer a few hundred bucks to help you document it.

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  • How does one go about checking the validity and feasibility of the information supplied in a private placement agreement?

    I've been approached by a film producing company (CA based) to invest in an upcoming movie. What they say sounds reasonable although I'm inexperienced in this kind of investments. They sent me a PPM for review. Is it something that a lawyer wo...

    Jeffrey’s Answer

    Get a lawyer. Negotiate the agreement. Probably CA and NY and federal securities law apply. Realize that most films lose money. You are supporting the arts though, so that is a good thing.

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  • What proceeds should I follow to bring on new Board Members?

    Hello all, We are a small not-for-profit in NYC, and lately, we have been trying to build a stronger board. Two of our current board members resigned, and we have found potential candiates to replace them. What are the procedures that must be...

    Jeffrey’s Answer

    You should follow the corporation's by-laws. The resigning board members should ideally do so in writing. Then you should have resolutions appointing (or electing) the new board members. Your conflict of interest policy should also be adopted by resolutions, if not done already. You do not need to report the change to the state or the IRS, but double check with the Attorney General's office about your filing requirements as they have oversight over not-for-profits (most usually with respect to your fundraising activities).

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  • 7 sibblings 1 house I wanna buy them out they refuse the amount. I been administrating the house they want house valve.

    I live in the house so I have put money into the house. I feel they just want me to sell the house, which I don't want to. Wat do I do and what type of lawyer I need

    Jeffrey’s Answer

    You need an experienced real estate lawyer.

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  • Is it possible to share ownership of foreign subsidiary in the US?

    One foreign company would like to open a subsidiary in the US and they offered me to run it and 50% of ownership. I would like to check what is the best way to provide this?

    Jeffrey’s Answer

    Yes. This is possible. Assuming the foreign owner would like to operate through an LLC, you would need a well drafted LLC operating agreement to protect both of your rights. We handle this type of work, but so do many business attorneys in NY. Please feel free to contact us if you would like to discuss a possible representation.

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