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  1. Anatomy of an LLC Operating Agreement

    Kaiser Wahab

    Summary Continued. Secondly, under NY law, the Operating Agreements is one of the few statutorily imposed requirements that a LLC must observe (Section 417 of the NY LLC Act ). And while the NY LLC... more

  2. Important Clauses to Have in Any Loan Agreement

    Kaiser Wahab

    Interest. Many people do not realize that a no interest loan rarely can be granted. The reason is that the IRS looks as a loan with no interest as a "gift" and that may trigger gift tax upon the... more

  3. What is a mortgage?

    Margery Ellen Golant

    A mortgage is a debt agreement that is made between a person who wants to borrow money and a lender. The major difference between mortgages and other sorts of debts is that the borrower gives real... more

  4. A 50 State Overview of Family Law

    Natalie Kiddell Rasmussen

    Divorce Today. In most cases Divorce is granted on a “no-fault” basis. This means that a divorce will be granted if only one party wants the divorce, and without regard to who may be at fault in... more

  5. Personal Injury: Contingent Fee Agreements

    Andrew Daniel Myers

    Purpose of Contingent Fee. Under a contingent fee agreement an injured person retains an attorney to pursue the case without having to pay up front, or on a periodic basis as work progresses.... more

  6. What is a Trust?

    Ronald G. Greening

    Can I act as my own trustee?. Yes. If you are competent to handle your financial affairs now, there is no legal reason why you can’t be the trustee of your own living trust. In fact, most living... more

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