Questions answered by Mark Joseph Guay

Archived

Price of contract work has doubled, but we have no invoices. What do we do?

Mark's answer | Answered on September 27, 2011

There are too few facts to give you an answer. And because there is a dispute already that may lead to litigation you need to hire an attorney...

Archived

What paperwork, forms or documents are required to remove an owner that wants to voluntarily leave a S Corp?

Mark's answer | Answered on September 27, 2011

All good answers. But let me digress. First, you are not "removing" someone if they are "voluntarily" leaving. Second, the lawyer you hire would...

Archived

NY not for profit corporation

Mark's answer | Answered on September 15, 2011

The better question is not whether you can. The real question is should you? Non profit entities are closely scrutinized by the state and federal...

Archived

Using a trademark name in domain name?

Mark's answer | Answered on September 06, 2011

Practically speaking to cover your bases so to speak, because you used SAT as an example, here is how SAT would view your "commercial use" from...

Archived

Trying to sell my 24% of the demestic profit corp in MA

Mark's answer | Answered on September 02, 2011

I agree in general with the answers before me but want to add one strategic thought. First, assuming for the sake of this discussion that the...

Archived

I live in Illinois and I became Treasurer for a Non-Profit organization. My name is on the account as a signer. Am I liable for

Mark's answer | Answered on August 26, 2011

You really need to hire an attorney and go over ALL the facts and circumstances of your matter. As mentioned by the previous responder, it is...

Archived

If I am named as a coporate officer of a newly formed corporation, will my personal indebtedness affect the business?

Mark's answer | Answered on August 26, 2011

Another example where it could affect the company is when you are given company stock as part of your compensation as an officer. If your creditor...

Archived

We are starting a new business ,our total assests are 20,000 dollars,approximately how much would each share be for 100 shares.

Mark's answer | Answered on August 26, 2011

A broader question would be "do you know anything about state and federal securities and tax laws"? If not, you need to hire an attorney. Self help...

Archived

A Labor organization had a holding corporation that was voted on to dissolve and transfer all assets and property.

Mark's answer | Answered on August 23, 2011

I agree with the legal response so far regarding dissolution. But you also mentioned "transferring all assets and property". You can do so in the...

Archived

I am a shareholder in a family owned corporation. I would like to redeem all of my shares for cash.

Mark's answer | Answered on August 18, 2011

First, get the corporate minutebook cleaned up so you know who are the official corporate officers to do this deal. They are in violation of their...

Mark Joseph Guay's Answers (328)

Price of contract work has doubled, but we have no invoices. What do we do?

What paperwork, forms or documents are required to remove an owner that wants to voluntarily leave a S Corp?

NY not for profit corporation

Using a trademark name in domain name?

Trying to sell my 24% of the demestic profit corp in MA

I live in Illinois and I became Treasurer for a Non-Profit organization. My name is on the account as a signer. Am I liable for

If I am named as a coporate officer of a newly formed corporation, will my personal indebtedness affect the business?

We are starting a new business ,our total assests are 20,000 dollars,approximately how much would each share be for 100 shares.

A Labor organization had a holding corporation that was voted on to dissolve and transfer all assets and property.

I am a shareholder in a family owned corporation. I would like to redeem all of my shares for cash.