California Partnership Legal Advice (180 found)

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You haven't defined what is meant by "expenses", but you are each jointly and...
Henry Daniel Lively
Henry Daniel Lively's answer
Contributor Level 7

You are jointly and severally liable for the debts of the partnership since...
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George Daniel Straggas' answer
Contributor Level 3

The purpose of owning two separate llc's is to reduce risk. If one of the...
Kevin Brendan Murphy
Kevin Brendan Murphy's answer
Contributor Level 5

In the long run it is certainly better for your husband to establish his own...
Question

Dana Howard Shultz
Dana Howard Shultz's answer
Contributor Level 7

First, a bit of terminology: In an LLC, you are members, rather than partners....
Peter Robert Stone
Peter Robert Stone's answer
Contributor Level 7

When you formed the LLC did you have a lawyer? Did they have a lawyer? Is there...
Question

Kaiser Wahab
Kaiser Wahab's answer
Contributor Level 6

You need to speak with a CA attorney immediately that is familiar with business...
Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 10

In CA, in the absense of governing documents that say otherwise, a corporation...
Question

Richard Forrest Gould-Saltman
Richard Forrest Gould-Saltman's answer
Contributor Level 7

Your partner needs to figure out what she signed with her ex, when and where,...
Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 10

Yes, only opposite sex couples of that age can register as domestic partners....
Richard Forrest Gould-Saltman
Richard Forrest Gould-Saltman's answer
Contributor Level 7

You understand correctly; California presently only registers domestic...
Question

Lucreita D. Becude
Lucreita D. Becude's answer
Contributor Level 6

It will really depend on whether or not you both filed a contract as to your...
Richard Forrest Gould-Saltman
Richard Forrest Gould-Saltman's answer
Contributor Level 7

If you are California state Domestic Partners, your rights under state law are...
Steven Alan Fink
Steven Alan Fink's answer
Contributor Level 8

One easy way to prevent balance from being used is to take out $50,000. That...
Question

Richard Forrest Gould-Saltman
Richard Forrest Gould-Saltman's answer
Contributor Level 7

You should immediately speak to a family law attorney with experience...
Dana Howard Shultz
Dana Howard Shultz's answer
Contributor Level 7

Do you have a question about the agreement or your rights under it?
Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 10

If your brothers are your partners, I wouldn't take their word for it. If you...
Steven Alan Fink
Steven Alan Fink's answer
Contributor Level 8

The LLC is governed by an Operating Agreement. If the Agreement does not...
Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 10

If you have a written LLC Operating Agreement, you have to follow its...
Shaun K. Boss
Shaun K. Boss' answer
Contributor Level 4

You can't "fire" a partner. Partners are owners not employees. If the...
Question

Dana Howard Shultz
Dana Howard Shultz's answer
Contributor Level 7

Your visa status is immaterial to your ability to be a member of an LLC (which...
Question

Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 10

Have you got a partnership agreement? If so it should provide for how partners...
Yasha Heidari
Yasha Heidari's answer
Contributor Level 4

The first thing you should do is analyze the terms of your partnership...
Matthew Edward Williamson
Matthew Edward Williamson's answer
Contributor Level 7

I agree with the 1st attorneys answer and would add that you may just want to...
Richard F Hamlin
Richard F Hamlin's answer
Contributor Level 5

-Changing from a sole proprietorship to a partnership may violate your fiance's...
Question

Dana Howard Shultz
Dana Howard Shultz's answer
Contributor Level 7

You should enter into a purchase and sale agreement by which the new business...
Richard F Hamlin
Richard F Hamlin's answer
Contributor Level 5

It sounds as if you are considering entering into a business partnership with...
Question

Pamela Koslyn
Pamela Koslyn's answer
Contributor Level 10

To answer your specific questions, LLCs are separate legal entities, and if you...
Melissa Cari Marsh
Melissa Cari Marsh's answer
Contributor Level 7

As stated by the previous attorney, there are too many factors that must be...
Richard F Hamlin
Richard F Hamlin's answer
Contributor Level 5

You could be liable. If you have been running the business together in what...
Steven Alan Fink
Steven Alan Fink's answer
Contributor Level 8

If he had K1 prepared showing you as 50% owner he cannot change it unilaterally....
Dana Howard Shultz
Dana Howard Shultz's answer
Contributor Level 7

I agree, fundamentally, with the first answer - especially the recommendation...

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