Questions answered by Samuel Cahn

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Can a corporate raider take over a bank for their deposits?

Samuel's answer | Answered on February 10, 2015

Yes - in theory, this could be done, but you should be aware that banking is a very highly regulated industry, Banks are subject to regular...

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As %100 owner of my LLC, & financed a home, can I sell 100% of my LLC, & will the buyer be the new owner of the home?

Samuel's answer | Answered on February 09, 2015

Would you explain your question in more detail?

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Our corp.was formed 4 years ago & 2 years ago we issued shares to an individual to assist p/ time with product development.

Samuel's answer | Answered on February 09, 2015

Do you have any bylaws governing share issuance and dilution? From your question, I would assume not. My suggestion is: * First for the holders of...

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I own 90% of LLC company in GA, another partner owns 10%. He wants to quit, should he write resignation only? or what?

Samuel's answer | Answered on February 08, 2015

Yes - a simple written resignation should be enough. Ideally, it should also include your financial arrangement: whatever payment the resigning...

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How should contract language be structured to determine stock valuation in New York?

Samuel's answer | Answered on February 08, 2015

There is no one right way. You may value the company based on a multiple of annual sales, a multiple of annual profits, a multiple of asset value,...

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Can I get any of my money back, after a stock brokerage company lost 99.5% (around 60,000 USD) of my money ?

Samuel's answer | Answered on February 08, 2015

You should definitely seek out a local FINRA arbitration attorney. From your description, that the box for medium risk was checked, and yet 99% of...

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My question involves valuation of shares in a shareholder agreement.

Samuel's answer | Answered on February 07, 2015

There are a few ways this could be accomplished, depending on the partners' intent. For example, you may be able to issue new shares, diluting both...

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Looking for investors - How much difference does it make if the company is owned by my mother instead of me?

Samuel's answer | Answered on January 29, 2015

I have a different view than most here. The fact that your mother owns the equity in your business have to come up until an advanced round of...

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Looking for an attorney that has experience in financial services, the SEC, etc.

Samuel's answer | Answered on January 29, 2015

Sounds like a great idea! But we are not allowed to solicit clients in the questions section. Check the directory.

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If I a net profits earner on an llc at 20 percent , do I also get to use 20 percent depreciation?

Samuel's answer | Answered on January 28, 2015

Speak to a CPA. As a good rule of thumb, if you are a partner with a percentage of the business (whether or not you made a cash contribution) you...

Samuel Cahn's Answers (342)

Can a corporate raider take over a bank for their deposits?

As %100 owner of my LLC, & financed a home, can I sell 100% of my LLC, & will the buyer be the new owner of the home?

Our corp.was formed 4 years ago & 2 years ago we issued shares to an individual to assist p/ time with product development.

I own 90% of LLC company in GA, another partner owns 10%. He wants to quit, should he write resignation only? or what?

How should contract language be structured to determine stock valuation in New York?

Can I get any of my money back, after a stock brokerage company lost 99.5% (around 60,000 USD) of my money ?

My question involves valuation of shares in a shareholder agreement.

Looking for investors - How much difference does it make if the company is owned by my mother instead of me?

Looking for an attorney that has experience in financial services, the SEC, etc.

If I a net profits earner on an llc at 20 percent , do I also get to use 20 percent depreciation?