Definition of reasonable and dilligent efforts to liquidate assets of LLC

You do not make clear whether there is a written operating agreement in place or not. That should be the first place you look for an...

What are the implications of signing the Asset Purchase Agreement as a formed Limited Liability Company when they weren't.

The implications are more dire for them then they are for you. I am assuming that there is a problem with the transaction for you to post a...

Two businesses under one LLC- how best to link the entities so they have the limited liability protection of the LLC?

As indicated before, there is no bright line rule per se for the separation or segregation of a website operation under a DBA or separate entity...

Co-signing on a loan

Generally speaking, one contracting party cannot make a signature of the other party binding for one obligation as opposed to another after the...

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Is the act of downloading digital media illegal or have a copy of it?

In your case, the law does not expressly help you, given the common use of DRM on DVD's and the fact we are talking about movies here. However,...

How do knock off movies (i.e transmorphers, the terminators) avoid copyright infringement

I actually wrote an article on perhaps one of the greatest modern purveyors of kncok off movies. You can read it at the link below and I hope this...

When I do an "Assignment of Contract" with a Seller, does my obligation or liability sign away when I find a buyer?

Unfortunately, no one can answer your question on a forum such as this without first analyzing the actual language of the subject contract as well...

Generally speaking, an actual legal change of entity name will necessitate some kind of assignment (i.e., selling the old contract to the "new"...

Majority owner in LLC wants to transfer a 10-12 acres of property from LLC to personal. What are the tax consequences?

You will need to consult in person with a local real estate and possibly tax attorney. The basic answer to your question is that any migration of...

Should I form an LLC, or wait?

Generally speaking, I concur with the above post that patience and planning are key. There is nothing worse than forming an entity, spending the...