Archived
I'm in an agreement that expires in August, but want to get out sooner. Can I send a notice and get out in 90 days (see detail)
John's answer
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Answered on March 01, 2014
Based on the quoted provision, in order for the agreement to terminate on 8/1/14, you need to send your registered letter stating your intent to...
Archived
Can I collect on my promissory note?
John's answer
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Answered on March 01, 2014
You chances of getting a judgment are very good if you hire a capable litigator to file suit. As for whether you can collect the judgment, the...
How can I draft a legally binding residual income/commission agreement with my company for any new business I bring in?
John's answer
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Answered on March 01, 2014
First, I would raise the issue with your employer and see whether they are willing to enter into this arrangement. Then, make sure you write up...
Can a Director bind a Corporation or is that power limited to Officers. (In New York)
John's answer
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Answered on March 01, 2014
Sure can. Regardless of what the company's bylaws say, a director is likely to be deemed to have "apparent authority" which, in some cases, is all...
Is it okay to backdate a lease to memorialize an ongoing landlord-tenant relationship in a commercial real estate lease?
John's answer
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Answered on March 01, 2014
Nothing wrong with that. Just note that the agreement is dated "as of" whatever date you are deeming the new agreement to have started.
Archived
Making a company that helps both sides with no problems.
John's answer
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Answered on March 01, 2014
You need to hire an experienced business lawyer to help you draft an agreement. The form of the entity (LLC, partnership, joint venture) is less...
Archived
My coworker is pirating dvds and i'm concerned that i will be held legally responsible. what do i do?
John's answer
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Answered on March 01, 2014
If your co-worker is pirating DVDs from a third party (not your employer), I do not understand how you would be held liable by the copyright owner....
Archived
I have an S-corporation in New York. Can I use net operation losses to carry forward from prior years 1) for state New York for
John's answer
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Answered on March 01, 2014
This question is better addressed to your accountant.
Archived
HI, I just opened a new LLC in NYC and want to know if i can make a payroll for my self from my company?
John's answer
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Answered on March 01, 2014
Your LLC will be treated, for tax purposes, as a disregarded (or pass through) entity. That means that the profits of the LLC are treated as your...
Archived
“What are the chances of getting a settlement in small claims court against a business that has closed?”
John's answer
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Answered on March 01, 2014
Based on the facts stated, you have a good chance of getting a judgment against the owner of the business. The real questions are: (i) do you...
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