I have several mobile home rentals but don't own the land and pay monthly lot rent to land owner.
Assuming there is no agreement, whether written it verbal, no. The landlord could file to evict, but could not charge a late fee.See question
The business started in 2005. As one of 10 partners, my initial investment resulted in approx 10% interest in the Co.. Investments by other partners has decreased this to abt 5%. In 2013, two partners made a $4,000 and $2500 unsecured loan respe...
If this is a true partnership, then yes you will most likely be responsible for all debts and obligations just as all other partners would be. If it is some kind of entity, like a limited liability company (LLC), the general rule is that you are not responsible for any portion of the debts and obligations of the company. However, there are exceptions to this liability shield, including personal guarantees and certain tax and payroll obligations. And it seems you are personally liable for the bank loan, but it ultimately depends on the loan agreement.
Whether and how to dissolve a company can be a complicated matter if there are outstanding debt obligations. You cannot properly and legally dissolve a company without first giving all creditors an opportunity to pursue their claims (a minimum of 6 months). Simply letting the business go dormant is sometimes a better solution than commercial bankruptcy, but it depends on the number of obligations and whether they are guaranteed. A commercial bankruptcy will not protect you individually.
Either way, the situation seems too complex for a simple Q&A forum such as this. You should retain a business attorney to represent you personally to make sure that you are protected from the issues the company is having.See question
My wife registered a company (small business - Technology services) in 2015 February, however there is no income till now. I work as an employee and wanted to update W4, do I need to give "0" in Point C under Personal allowance worksheet? ...
That is really a tax question, but you can select either 1 or 0. It just depends whether you want to change the amounts withheld one way or another. Claiming only one total allowance means that more taxes are withheld. When it comes time to file your tax return, you are more likely receive a refund. Filing a total of 2 allowances will get you closer to your actual tax liability for the year.
Read more: http://www.rapidtax.com/blog/breakdown-w-4-allowances/#ixzz3rm0UsJclSee question
As stated above, I have a written contract with my client under XYZ, LLC and one month ago they registered their company under XYZ, INC. I found this out while finding out the registered agent for them as they are 60 days late in paying me and are...
If that is what truly happened, that the company converted from a limited liability company (LLC) to a corporation. It is not an actual name change.
However, it is also very possible that they are simply misstating their suffix to try and avoid payment, or simply out of their own confusion. Retain a local attorney to investigate and advise accordingly.See question
Its for a wholesale apparel trade show. I am a newly formed online clothing boutique. The company wants the following included in the letter; official letter of an attorney, the type of company, and the anticipated opening date.
I'm not exactly sure what you are asking, but either way you should certainly retain a good business attorney to assist you with the proposed transaction.See question
Two LLC's, two TINs, one owner and one DBA on both LLCs
Technically, no. Only one person or entity can use the trade name so there's no confusion on which person or entity is using the fictitious name.
However, there is nothing to stop you from doing so. But if both companies use the trade name, there is a good chance that legal liability incurred under the tradename for one company could bleed over to the other company since it would not be clear which company it is.See question
I had a business arrangement with someone who owns a public relations and entertainment promotions company. I invested $5,000 into an event for one of the artists she promotes for. We had signed a business contract agreeing to terms that my part o...
It likely depends on the terms of the agreement, but there is a good chance you would have to sue in Texas, although the relatively small amount would make it not worth pursuing there. Have an attorney review the agreement and go from there.See question
The court evicted the tenants but they did not show up for court.
If the tenants did not appear at the eviction hearing, then the landlord wins the eviction by default, but no monetary damages are awarded by the court. A landlord would have to sue again separately to pursue those damages.See question
I and my friend find a contract with a company to design some work for them . But, they told us that they don't dealing with persons and we need to establish a cooperate company and get it the legal registration in United states . can any one help...
You will need to form either a corporation or limited liability company (LLC) with the Georgia Secretary of State and have an attorney assist you with the company documents. For example, an operating agreements if it is an LLC, which is likely the best entity type.See question
How do I redomicile a single member LLC to Georgia? Which Georgia Secretary of State form should I file? Is there a Georgia version of the Wyoming Articles of Continuance? I moved to Georgia recently and need to bring my Delaware, Wyoming and Neva...
Yes, you can convert those entities to Georgia entities by filing a certificate of conversion and otherwise complying with the conversion statutes. After they are registered in Georgia, you can then dissolve them in the original states, but they will continue their existence.See question