My friend is lending me money to trade stocks and in return he any profits he wants 40%, and I would keep 60%, is this legal?
David's answer
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Answered on March 27, 2020
I disagree somewhat, in that this MAY be illegal unless you are a licensed broker of some kind. Essentially what he would be doing is not loaning...
Archived
What is the proper way to pass along my discovery to the other party?
David's answer
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Answered on March 27, 2020
According to the rules of procedure all you have to do is mail these documents first class mail. However, I recommend sending them by priority...
Archived
Do I still have the power to perform tasks when I setup a power of attorney?
David's answer
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Answered on March 27, 2020
A power of attorney is a commonly misunderstood document. All a POA does is give someone else your permission to act on your behalf. You retain the...
How can I have my deceased Son’s cell phone unlocked? Do I need a court order? Cost?
David's answer
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Answered on March 27, 2020
Yes unfortunately most phone companies will not unlock a phone without a court order. (It also may not be possible for the phone to be unlocked by...
Archived
Unemployment benefit and while your contractor job is on hold ?
David's answer
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Answered on March 27, 2020
This is a situation specifically covered by the new unemployment benefits law just passed. Contact DUA and apply immediately....
Archived
Will commercial landlords get any government financial assistance due to the Corona virus pandemic?
David's answer
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Answered on March 27, 2020
All of us that practice in this area are waiting to see the answer to this question, unfortunately, however, this is not a legal question but a...
Archived
How do you fill out a W-9 to facilitate transferring a financial asset into a revocable trust?
David's answer
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Answered on March 27, 2020
If the asset is being transferred to the Trust, you should be using the Trust's information. If the trust has not applied for an EIN, you need to....
Archived
SSI and ssdi calculations?
David's answer
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Answered on March 27, 2020
SSDI is not "income" and should not be counted against your own SSI if you were awarded independently. Unlike retirement, SSDI benefits are not...
Archived
What is my best starting point?
David's answer
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Answered on March 27, 2020
If you are being misclassified as an independent contractor, the proper place to report this is to the state AG. You may also have grounds to then...
Can I drop out of school at age 16 without my parents permission?
David's answer
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Answered on March 24, 2020
As a minor under the age of 18 you cannot do anything without your parents permission, unless a court says otherwise. Your parents get to make the...
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