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Lubna Khan Jahangiri

Lubna Jahangiri’s Answers

161 total


  • Person forcing themselves into my business plans.

    Hi. I have yet to legally start my business, a game studio based in California, and a friend of mine who wanted to help me, tried to make it sound like I made some verbal agreement with him for 50/50 equity. The business doesn't even exis...

    Lubna’s Answer

    Yes. Follow the advice of the other two attorneys who have posted before me.

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  • Do I need to reserve a business name for a California LLC?

    I want to create an LLC. I did an online search for the name availability under the CA Secretary of State website. There is no existing LLC under the name I want to use. Do I still need to submit a Name Reservation form or can I just submit the Fo...

    Lubna’s Answer

    In addition to all my respected colleagues said, be aware that the name could still get taken during the short time that you did the research and the time your articles came to the desk of the state officer. Further, your online search of the secretary of state's website is not completely current. If a name is specially important I always err on the side of caution by reserving it. The cost is minimal.

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  • Need to sue for cash given for a business

    I tried to buy a business. I could not come up with the full down payment and the owner is now tryin to keep my money. We have a contract stating that repayment of the money was to be made on January 15, 2015. He won't answer me and keeps leading...

    Lubna’s Answer

    A business attorney, who will review the contract and advise you on the next steps. Contact one immediately because it does not seem likely that your seller is interested in talking to you and the clock is ticking on the statute of limitations.

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  • Can I register a business?

    Can I register a business in California and apply for TIN even if i fell out of status?

    Lubna’s Answer

    Your question is vague. I would like to add that you should get a business license for your business even if you are sole proprietor. If by your status you mean immigration status, I agree with the previous answers. If you mean something else, please clarify.

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  • Just received formal summons for eviction today from the landlord for my business.

    We sent in a partial amount in the mail last week which has not been cashed out yet. And now we borrowed money from someone to pay the full past due rent. What will happen once we submit the payment? We were served with the summons today. And we a...

    Lubna’s Answer

    All the lawyers gave you very good advice. UD actions are on a fast track. You have less than 30 days to respond, depending on how you were served. See a local lawyer ASAP.

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  • How can I collect on a past due promissory note?

    We have a Promissory Note for $60,000.00 plus interest that is dated 11/02/07 which was due on or before 5/02/08. We have not been able to collect from the borrower and now they want to make $300 monthly payments for the next 25 years. This is N...

    Lubna’s Answer

    My colleagues hit the nail on the head. Statute of limitations is 4 years from the date of the breach on a written contract. The note was due on May 2, 2008 but was not paid. The date of breach is more than 4 years ago. If they are agreeing to pay you $300 a month, you are in luck. If you can have them put this in writing, it will be a new contract. 300 per month for 25 years is better than nothing.

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  • Can a doctor require a fee to sign a document in regard to you ability to complete a task or not?

    I am under a doctors care for my injuries and I can not sit for very long. I have been summoned for jury duty. I tried to sit through the first part but I was unable to. I requested that my doctor fill out the form stating I am unable to complete ...

    Lubna’s Answer

    Sure. They can charge if they want to. Having said that, are you sure they understood what you were asking? If so, how much are they going to charge? $10 or $100? It's somewhat unusual.

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  • Can an asset recovery firm charge a few for breech of contract?

    I found out my father signed paperwork from this company called Ca Inheritance Group 3 months ago. They were suppose to help my dad get money related to a deceased uncle. However, he didn't have the right paperwork to make it happen. My dad is eld...

    Lubna’s Answer

    Read the contract. Everything hinges on what he signed. Secondly, do you have a power of attorney? If not, I doubt that you'll be able to settle this matter on your dad's behalf. You said that your dad is "not in condition to respond." Is he mentally competent to sign a power of attorney? If so, get it ASAP so you can sort this and other financial affairs out.

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  • India company doing business in the US

    I have a private limited company in India. We provide IT services to US clients. I want to form a US company so clients can deal directly with the US entity. All business revenue is to be generated in the US while operations are conducted in India...

    Lubna’s Answer

    Hi. Your question requires a multifaceted response. In deciding upon a business structure, there are many tax and non-tax considerations. What is your objective, to save on taxes or to protect your personal assets. From your description it seems like taxation would be the top most consideration. You can structure your business as an LLC or a corporation. If your entity is doing business in the U.S. and is generating revenues in the U.S., it will pay taxes in the U.S. I strongly suggest consultation with an attorney to get it right the first time. It will cost you many times over if you try to do it yourself, and there is a defect in formation or an important area is left unaddressed.

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  • How do I get rid of my partner that I invested 25% of total investment and we had loan money belongs to our company.

    I want to get rid from business . But I want back all my investment. We have loan money under business name as well. What should I do?i don't want to leave without my investment because it is newly open restaurant(4 months).our total investment is...

    Lubna’s Answer

    As all the other attorneys said, a lot more information is necessary in order to fully assess your situation. First of all, I don't know what type of entity it is. A lot would depend on that alone. What was your written or verbal agreement with your partner? What is the accounting of the company? Your options include informal negotiations and settlement, mediation, arbitration, litigation. Consultation with an attorney will help you figure out a possible resolution to this matter.

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