Archived
I am starting up a cafe in New York and would like to set up an LLC solely to execute the commercial lease.
John's answer
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Answered on September 27, 2013
1. Set up a NY LLC as property is in NY and waste if money to do another state given you would then still have tom pay NY to be qualified as a...
Archived
Corporation and Business license
John's answer
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Answered on September 27, 2013
You can form a non profit corporation under state law statutes to afford you the personal liability protection you need just like any for profit...
Archived
CEO has 51% of PUBLIC company can Board remove? What can shareholders do?
John's answer
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Answered on September 27, 2013
In all likelihood you will have no recourse through the Bylaws or Articles to be able to have the Board simply vote to remove the majority...
Archived
What happens if a revocable trust has a beneficiary and the beneficiary dies and the owner of the trust failed to change it
John's answer
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Answered on September 27, 2013
If there is no alternate beneficiary named but there is language in the description of the named beneficiary that says "per stirpes" perhaps ? If...
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What is the difference between the removal of a managing member vs the termination of a managing member?
John's answer
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Answered on September 27, 2013
Attorney Deason provides excellent analysis. E point I add is that a member can lose their status as a manager but still not have their ownership...
Archived
Can I get my money back if I payed someones house taxes and home insurance, for them? I also pay rent...
John's answer
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Answered on September 27, 2013
Absent a written agreement concerning the expectations you had in regard to the house and the end game here then you cannot create a claim out of...
Archived
I signed a commercial lease agreement on my building the lessee has first right of refusal does that mean I have to sell
John's answer
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Answered on September 27, 2013
The devil is in the details of course as mere labels by themselves do not control. However, with that being said, a typical ROFR surface when a...
Archived
Does paying real estate taxes after a separation give the payer any more legal rights to the property than the non-payer?
John's answer
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Answered on September 27, 2013
No advantage by reason of doing this.....however, given your different viewpoints it may make sense to legally subdivide the property into two...
Archived
Are the legal fees paid to increase alimony tax deductible
John's answer
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Answered on September 27, 2013
Generally legal fees incurred with respect to a divorce are not deductible w/ some exceptions, one of which is IRC Sec. 212....which provides that...
Archived
How to end a trust.
John's answer
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Answered on September 27, 2013
You do not state WHY you are unhappy with the trusee (not executor) of the trust your mother established for you...so presume you feel that the...
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