I recently took out a HELOC to pay for land improvements on my farm. My farm is a LLC. Can I put the loan on the farm books?
Jamie's answer
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Answered on May 22, 2025
You should ask an attorney to review the loan agreement. My guess is that this would require permission from the bank, and you want to be very...
The nonprofit I lead is changing our mission statement & name. Is this hard to get approve by IRS? Can we do this on our own?
Jamie's answer
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Answered on May 22, 2025
There are 2 potential levels of regulation: state (corporate) and federal (tax). You should consult an attorney to determine whether your state of...
Family business, no contracts, can I start my own and take customers with me?
Jamie's answer
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Answered on May 22, 2025
You should consider contacting an attorney. The biggest issue, based on this presentation, is whether the business could make a trade secret claim...
Can I be sued for car loan from 2012 now in 2025 ?
Jamie's answer
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Answered on May 22, 2025
You should talk to a lawyer who represents borrowers in auto loan cases. These collection efforts may violate federal or state laws protecting...
I live in PA and I want to register my LLC in Delaware to keep my name private?
Jamie's answer
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Answered on May 22, 2025
A good lawyer can get you where you need to go. DE is not as anonymous as you might think. There are better choices for that. Reach out to a...
Can I use part of a celebrity's name in a business I'm running?
Jamie's answer
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Answered on May 22, 2025
I agree with the other answers. I will also add - there are ways that you can 'point' at the subject matter of your business, and talk about your...
Is it possible in the state of PA, for a high ranking leader to sue a large corporation for damages?
Jamie's answer
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Answered on May 21, 2025
Employees, officers, directors, and others can sue a corporation for which they work, yes. It sounds like you may have a claim. You should seek out...
Is it possible to dissolve former c corp and register a new one with same assets for a name change ?
Jamie's answer
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Answered on May 21, 2025
I'm not clear that your proposed solution would help - and that's not uncommon. An attorney can help you sort through this. A lot will depend on...
Can my name be removed from an llc I own majority shares in without my consent?
Jamie's answer
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Answered on May 01, 2025
You definitely have some leverage here - otherwise, they would not ask you to sign something. Asking you to sign something without giving you the...
Is my retired business partner entitled to a salary?
Jamie's answer
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Answered on May 01, 2025
You will need an attorney to sort this out. It's not clear whether your business is an LLC or a corporation (either can elect S-corp status, which...