Archived
Closing business with a partner. How to get the money he owe me since I don't have any document or paperwork signed ?!
James's answer
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Answered on October 12, 2017
As you have suspected, your burden will be to prove the existence and terms of the partnership. To do that, you should assemble the canceled check...
Archived
Does Startup need to issue a job offer to person designated as corporate officer by Board's resolution?
James's answer
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Answered on October 12, 2017
The acts of appointing someone as an officer and hiring a person as an employee are separate (although they often are linked). If the company and...
Pays for alarm system protection at my business... business gets broken into, alarm doesn't go off... do I have a case?
James's answer
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Answered on October 11, 2017
You should review the terms of any warranty provided by the security system vendor. I am changing the Practice Area so that your question might be...
Archived
How can I get my business back?
James's answer
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Answered on October 11, 2017
Because this arises out of your divorce, you should consult with your Divorce Attorney. I am changing the Practice Area so that your question might...
Archived
How can I place a value on an S Corporation?
James's answer
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Answered on October 11, 2017
There are a number of valuation methods, including a multiple of net income or revenues, asset valuation, and comparable sales, and an accountant...
Archived
What are my options in regards to gaining back my percentage in the company or being bought out?
James's answer
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Answered on October 11, 2017
It sounds as if you and your "partner" have created a general partnership without a written agreement. Your burden will be to prove the existence...
I own over 50% shares in a LLC. Can someone make a amendment to my LLC who is not a member?
James's answer
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Answered on October 11, 2017
To properly advise you, an attorney would need to review the operating agreement for the LLC. Unless that agreement is extremely unusual, it cannot...
Archived
Do I have financial interest, when joining a school's board of trustees, if I own Apple stock and Apple sells school computers?
James's answer
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Answered on October 11, 2017
You should review the entire agreement or other documentation with an experienced Business Attorney to ascertain whether you have a financial...
Archived
Do I need a separate EIN for a new LLC, S Corp I have formed if I already have an EIN for a business previously formed.
James's answer
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Answered on October 11, 2017
Yes, the separate LLCs should have separate EINs. Among other reasons, that will permit each LLC to open its own bank account.
Archived
Will this non-compete clause prevent me from working with existing clients?
James's answer
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Answered on October 11, 2017
An attorney would need to review the entire agreement to express an opinion on the reach of the non-competition clause. For example, a common...