Archived
4 months ago I have received 17,000$ directly in my banking account as a K1 for commodity trading, which are frozen now
Michael's answer
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Answered on October 06, 2011
I am not a fan of the other answers. You do not say why the money is frozen. If it is frozen because there was some problem with the deposit,...
Archived
Business law
Michael's answer
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Answered on October 04, 2011
The form of entity is governed more by tax considerations than legal considerations. If it is a corporation, you will need bylaws and a...
Looking to put real estate in an offshore Nevis LLC for protection from creditors.
Michael's answer
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Answered on October 04, 2011
If it were that easy, everyone would do it. Real estate in NY can be owned by a foreign LLC, but since title is governed by the New York courts, a...
Archived
Shoudl I agree to a buyer's request that a short sale closing proceed even if the bank reserves the right to pursue a deficiency
Michael's answer
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Answered on October 04, 2011
Absolutely not. The only benefit of a short sale to you (over a foreclosure) is the waiver of deficiency. In short sale deals I do, I make this a...
Archived
Can a landlord hold me liable for the entire lease contract in new york ny
Michael's answer
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Answered on October 04, 2011
Yes, you are liable for the whole lease. Thus, to get out early you need some reason why the landlord breached the lease first. Also, if the...
Archived
In Canada, can you agree to pay for stock in installments without the agreement constituting a security requiring registration.
Michael's answer
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Answered on October 04, 2011
Mr. Jarmin is right. If you are an American being solicited by a Canadian company here in the USA, the company might need to register in USA.
Archived
Can I return a car that can't past NYC inspection test from BMW used car dealer?
Michael's answer
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Answered on October 04, 2011
The lemon law applies to new cars, not used. However, BMW pre-owned cars come with their own warranty. You cannot just return the car, since you...
Archived
Can landlord stop payment / renege on security deposit check after verbal agreement on amount to be paid at move-out inspection?
Michael's answer
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Answered on October 04, 2011
You can sue in small claims court. Stopping payment on a check requires a reason. It seems to me that you have a good claim, as giving the check...
Archived
Having an attorney write a model release form or confidentiality agreement.
Michael's answer
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Answered on October 04, 2011
I am not sure exactly what your situation is. However, a general form of confidentiality agreement takes a few moments to prepare, and I would...
Archived
Can an existing owner of business participate with a new entity to purchase the assets of the existing company out of bankruptcy
Michael's answer
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Answered on October 04, 2011
The short answer is yes. It happens all the time. The long answer is that these are complicated proceedings and a bidder should have independent...