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Eric J Camm

Eric Camm’s Answers

226 total


  • I need a lawyer to develop my terms in conditions for my website as fast as in three days, I can work with temporary

    I need a term and condition for a website that is based from overseas, its a consultancy on Marketing website. I can work with term and conditions that temporary but i need lots on privacy policy, I need this pronto and I'm sure there is someone ...

    Eric’s Answer

    Consult with a NYC attorney that you can build a long term relationship with. That way when you need documents in the future on a short timeline you'll have someone you trust to call on to get it done for you.

    Terms of Service and Terms of Use are common documents when dealing with technology based businesses. Consult with an experienced business attorney who has international clients and you should be in good shape. Good luck.

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  • Is it possible to incorporate a company to handle two very different business areas in Texas?

    I would like a company for exporting technological equipments, however, I interested in real estate too, for example...

    Eric’s Answer

    It's probably possible but not necessarily advisable. If they are both under the same roof then the liabilities and risks of each could impact the other if anything went wrong.

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  • What is the probability of suing a Buyer who bought property/mineral rights from us and put them in 2 LLC's 30 yrs. ago?

    Land/mineral rights were sold 30 yrs ago in LA. I have discovered a possible fraudulent contract. After purchasing the prop/mineral rights, the Buyer immediately put them into two LLC's. Is that person totally protected behind the LLC, or can w...

    Eric’s Answer

    Realistically you are going to need to go talk to a local business litigator about this to get any clarity. There are a ton of facts about this situation that are going to be necessary to help you get the answers you are seeking. Given the length of time that you are dealing with here, I'd sit down for an initial consultation and talk about some initial subjects like statute of limitations, that are going to be very relevant to whether or not you can do anything or not.

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  • Can I give away Houston Texans NFL tickets to my business's reward card members?

    Was thinking about choosing one registered reward card member at random that made a purchase during the preceding week and giving them Texans tickets. Or running a promo similar. Would that be okay in Texas or are there sweepstakes type laws preve...

    Eric’s Answer

    If you intend to use this in a promotional fashion or to induce customers to become registered reward card members, make sure you talk to counsel about the relevant regulations surrounding "games of chance" or sweepstakes.

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  • I am half owner of an LLP and my partner and I have decided we would like to dissolve or sell the business.

    How do we go about determining the value of our business, outside of what we own and what is in the bank? There are only two of us, we have no employees. Where do we look for potential buyers? We are not sure where to begin, but do not yet have an...

    Eric’s Answer

    As is mentioned in the previous answer - a big piece of selling your business is maximizing your valuation. I would hire a professional who can help you establish fair market value and then further help you identify potential buyers, handle the transition paperwork, and ensure that you and your partner are appropriately protected as you move on (this is really important).

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  • Can an attorney be hired to represent an LLC member during mediation? I am one of two equal members in an LLC.

    The LLC is a very small business incorporated in Deleware. Our business is in Texas. LLC agreement stipulates the use of mediation for any member disputes.

    Eric’s Answer

    You certainly should be able to have counsel representing you in any dispute. Even if your Operating Agreement prohibits counsel at mediation (which would be unusual), you can still consult with counsel to determine what your best course of action is in terms of strategy.

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  • At what point would we be able to see legal action against her?

    I am a board of director member for a non profit organization and we have a member in our community that is posting things about the president of the foundation, myself, and the board of directors. The things she is posting are lies. she is tryin...

    Eric’s Answer

    You need to take all of the information that you have available to you and consult with a local attorney. It's very difficult to project your best course of action without any of the specifics, and if you do have any recourse - you'll need someone familiar with the local court system to assist you.

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  • Our newly incorporated C-Corp intends to offer preferred stock. How they will be valued?

    We have incorporated a C-Corp in the state of Delaware. We intend to offer preferred stock to the investor group. The newly formed C-Corp holds equity of our India incorporated entity, which is valued at US $1 million. Now, when we want to raise ...

    Eric’s Answer

    You should consult with counsel who has experience dealing with securities matters (exempt offerings) and who can help you establish a good valuation for your company. Ultimately you can offer your preferred stock at whatever you want but the trick is coming up with a valuation that will stand up and generate interest from potential investors.

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  • I'm the owner of a recently incorporated C-Company in Delaware, why should I hire an attorney?

    The company has been just incorporated and we haven't issued stock yet. My question is which are the key points I'll need an attorney to work on?

    Eric’s Answer

    I agree with the previous answers in terms of the scope of different issues that may be identified by working with experienced counsel. Generally, a lawyer who works with start ups will be able to help you establish the framework for how your company is governed, set the terms for the founders (buy/sell agreements, right of first refusal, etc.), and assist with establishing a good dispute resolution protocol so that in the event there are any disagreements early on - they do not paralyze your company.

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  • What type of company is an NGO registered under?

    When looking to start an NGO organization, what type of company should it be registered under? and what other requirements go into establishing it? Is the company really tax exempt and how does that get set up?

    Eric’s Answer

    You are looking to start a not for profit corporation. However - simply forming a not for profit does not create tax exempt status. To achieve tax exempt status you have to file form 1023 with the IRS and be formally recognized as tax exempt under section 501c3 of the IRS Code.

    It's a time intensive process and you will most likely need to retain counsel who is experienced in forming nonprofit corporations, and in preparing and filing 1023 applications.

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