As Mr. Jaffe advised, you need to review the Operating Agreement to see if your "partner" can sell his interest without your consent or any other...

An LLC or corporation, properly organized and operated, should insulate you from personal liability. The income tax treatment should be addressed...

Your question refers to an S Corp. and an Operating Agreement, so I'm going to assume it's an LLC that made the S Corp. election. The Operating...

It's impossible to determine whether an agreement has been breached without reviewing the agreement. As regards the relationship among you and your...

Your final question about insulating the buyer from the seller's liabilities is key to properly structuring the transaction. Usually, a buyer...

The facts of any dispute are crucial and your recitation is missing the most significant facts. Is the business operated by an LLC or partnership...

I agree with Mr. Robinson. The DE or WY LLC could register to do business in the State i which the property is located. This doubles the cost and...

In a general partnership, the partners are liable for the liabilities of the partnership and the actions of the other partners. You must review the...

Obviously, you cannot have more than 100% of the interests in an LLC. More important than the bank's comment is how you're going to allocate...

I agree with my colleagues that it is important to document your deal before progressing with the business. I will add one important point. Why are...