P Adam Davis’s Answers

P Adam Davis

Indianapolis Mergers / Acquisitions Attorney.

Contributor Level 4
  1. Can a franchise be investigated for fraud?

    Answered over 2 years ago.

    1. Michael James Duffy
    2. Nancy L. Lanard
    3. Kevin Brendan Murphy
    4. P Adam Davis
    4 lawyer answers

    Absolutely. Regardless of whether you are in a franchise protected states, most states have legislation making deception and fraud a crime. They usually will fall under statutes geared to the buying and selling of "business opportunities". Nevertheless, consumer protection acts in each state can be utilized as well. While little FTCs (meaning state franchise acts) are thought of as a battering ram against wrongdoers, don't forget that in the absence of this battering ram you may still have...

    8 lawyers agreed with this answer

  2. Are leading questions permitted on direct examination, related to FRE 806?

    Answered over 2 years ago.

    1. Jacob Adam Regar
    2. P Adam Davis
    3. Curtis Lamar Harrington Jr
    3 lawyer answers

    Yes, as this is an exception to the Federal Rules (i.e., an exception to the rule prohibiting leading questions on direct examination).

    2 lawyers agreed with this answer

  3. I own two businesses. they are both LLCs. one is a stand alone entity. can i acquire the second business with the first

    Answered over 2 years ago.

    1. P Adam Davis
    2. Kenneth Allyn Sprang
    2 lawyer answers

    First, I am not sure what you are trying to accomplish as the goal will justify the means. However, to answer your questions, you can merge the companies whereby one of the companies survives by encompassing the other. However, there are several other strategic maneuvers that can be made (LLC 1 owns membership units in LLC 2, LLC 1 Holds assets and Leases to LLC 2, LLC 1 employes, LLC 2 operates, LLC 1 rents, LLC 2 holds land, etc.). If your inquiry is really limited to whether two entities...

  4. My son is 18 and accepted a netbook from the local school corporation. He lost the computer, am I responsible for this debt?

    Answered over 2 years ago.

    1. Joseph Wrobel
    2. P Adam Davis
    3. Anthony Matthew Vassallo
    3 lawyer answers

    You are not responsible for the debt unless you signed a written agreement as a cosignor or guarantor. Don't let them bully you. If they do, you may have a FDCPA claim.

  5. Can my parents take my car away if they cosigned for it even though I'm making the payments?

    Answered over 2 years ago.

    1. Jonathan D. McDowell
    2. P Adam Davis
    2 lawyer answers

    The answer has nothing to due with whether or not they have guaranteed (pay if you don't) and/or cosigned (obligated as you are) a loan for the vehicle. The question is about ownership and then, maybe, control. First, the title holder can do what they want so long as it doesn't divest another owner. Your parents can exercise control over the car, but not to your exclusion if they are on the title. If not on the title, perhaps they have some type of agreement with you that if you don't...

    1 lawyer agreed with this answer

  6. Can a business name be changed after the EIN was already requested online and confirmation letter received from the IRS?

    Answered over 2 years ago.

    1. Nancy L. Lanard
    2. Michael J. Brooks
    3. P Adam Davis
    3 lawyer answers

    Yes, business owners and other authorized individuals can submit a name change for their business. The specific action required may vary depending on the type of business. If the EIN was recently assigned, send Business Name Change requests to IRS-Stop 343G, Cincinnati, OH 45999. This is as easy as writing a letter on company letter head explaining the change. However, be cautious. A change of an official company name is rarely necessary. Most of the time, the trade name will suffice (i.e.,...