Archived
I want to part ways with an LLC partner. They can't afford to purchase my interests. What should I ask for instead? Indemnity?
James's answer
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Answered on June 15, 2017
One possibility might be to buy out your interests over time out of funds otherwise distributable to the members. You should consult with an...
Archived
Agent Broker Agreement
James's answer
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Answered on June 15, 2017
The language of the brokerage agreement will dictate whether it applies to transactions involving LLC #2. You should use this opportunity to assess...
Can utilities be in my or my partners name for our LLC?
James's answer
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Answered on June 15, 2017
I agree with Mr. Mauger. You should be able to organize an LLC in one day. The lease, utilities, insurance, and any other obligations related to...
Can a co-op shares be transferred to a LLC?
James's answer
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Answered on June 15, 2017
As Mr. Goodman stated, any such transfer would require compliance with the co-op bylaws and proprietary lease, as well as the terms of any loan...
Archived
Can a company (not a charity) get donations from other companies, auction them off and keep the money from the auction?
James's answer
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Answered on June 15, 2017
As long as the beneficiary and use of the donations is clear, it should be permissible. The donating businesses would not be able to deduct the...
Archived
H1B validity based on I-140?
James's answer
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Answered on June 15, 2017
I am changing the Practice Area so that your question might be answered by Immigration Attorneys.
Archived
Is an Illinois condo assn required to provide owners with copies of contracts (landscapers etc.) upon request?
James's answer
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Answered on June 14, 2017
Your rights, including to inspect the books and records, will be established by the organizational documents of the condo (principally, the...
Archived
Do I lose my green card if I file taxes in a different state than my spouse, at the time of I-751? (married filing separately)
James's answer
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Answered on June 14, 2017
I am changing the Practice Area so that your questions might be answered by Immigration Attorneys.
Archived
Purchased a business with a bank lien?
James's answer
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Answered on June 14, 2017
Your rights will be defined by the structure of the acquisition (was it an asset purchase or an equity (stock) purchase?) and the terms of the...
Archived
If I purchased an insurance brokerage corporation jan 1st 2017 and the corp gets a refund from 2016 is it due to the seller?
James's answer
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Answered on June 14, 2017
It depends upon the structure of the acquisition (was it an asset purchase or a stock purchase?) and the terms of the Agreement. You should consult...