Archived
There are 5 equal shareholders in our C Corp. Four of the five shareholders unanimously agree #5 has to go or they want to sell
James's answer
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Answered on September 12, 2016
Because you never adopted bylaws, I'm guessing you did not enter into a shareholders' agreement. In the absence of controlling organizational...
Archived
How to get my land into corporation ?
James's answer
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Answered on September 08, 2016
The corporation needs to authorize the transfer and you need to deed the property to it. If there is financing, it likely will trigger the due on...
Archived
If you are investing in an LLC in California, do you have to become a member of the LLC?
James's answer
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Answered on September 07, 2016
Yes, a member is the LLC equivalent of a shareholder or owner. You want to be a member if you're acquiring an ownership interest in the LLC.
Archived
How can I best protect my interests in an apartment building within a General Partner form of ownership?
James's answer
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Answered on September 07, 2016
This is a duplicate question. Please review my prior response, suggesting you substitute an LLC as GP in your place. You should consult with an...
I'm filling Form Ct6 to elect to be treated as an S corporation
James's answer
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Answered on September 07, 2016
Contrary to the other attorney's response, the number of shares issued, as opposed to authorized, is not listed in the Certificate of Incorporation...
Archived
How do I best protect my interests in an already establish general partnership that owns an apartment building?
James's answer
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Answered on September 07, 2016
The simplest solution is to transfer your individual GP interest to an LLC and have it substituted in as a GP in your place. That should insulate...
Archived
How do I get out of a LLC with family members
James's answer
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Answered on September 07, 2016
You should retain an experienced Business Attorney to review the documents and advise you where you stand and how to get out of it. It's impossible...
Archived
How can I get my name, as the co-signer, off the California car contract?
James's answer
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Answered on September 06, 2016
Unfortunately, the only way to get off the loan is to get the agreement of the lender and that will be difficult to accomplish. Next best is an...
Archived
How can I acquire an import license for food?
James's answer
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Answered on September 06, 2016
You should consult with an experienced Business Attorney about forming a limited liability entity to conduct the business and to comply with any...
Archived
If i break lease can.owner go after both my location if under same llc or just one on lease agreement
James's answer
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Answered on September 06, 2016
All of the LLC-tenant's assets will be available to its creditors and not just those assets at the one location. If I understand your second...