The enforceability of a verbal contract depends on the nature of the contract (and as others have mentioned, the ability to prove the agreement...

I want to incorporate an S corp in CA with 3 partners. 2 of which are married to each other. Can we have 3 shareholders?

While you can certainly have 3 shareholders in an S-Corporation, you may also want to consider the fact that if you split the equity evenly (i.e....

Is it true that corp can't pay someone in this year for work done last year because they can't "open" their books back up?

Complete and utter garbage. Someone is blowing smoke at you. If you performed work, you are entitled to be paid.

Can I leave an LLC without legal repercussion of competition and duplication and start my own business exact type?

It will be imperative to check the VA statute to see how fiduciary duties are applied in the absence of an operating agreement and whether there is...

I signed a hotel agreement stating I would pay for room even if I cancelled. I cancelled more than 90 days in advance but they

The answer depends on the language and provisions in your booking contract. If the upfront payment was a deposit and the language states it is...

Question regarding a student loan

Generally speaking, interest accruing on a loan over 23 years would almost certainly amount to more than the initial principal balance. There is...

501(c)(3) status is a tax exemption status not an entity type. A business entity (whether non-profit or tax exempt) can be sued. Directors of the...

Hi, what will happen if I breached a contract that i will share half the money i won, but i hid it to the person? thanks!

No one can tell you what will or won't happen in this instance. Is it possible that your "friend" could sue you on the verbal contract... it may...

I was a contract employee. i worked for 7 days and left the job . Employer hasn't paid me for 5 days. what are my options?

Make a call to the Dept. of Labor. They tend to get involved in matters such as this and/or may help you determine what claims / procedures to...

Can a residential (apartment) lease be assigned by a landlord to a new entity (LLC) a landlord owns without permission?

Yes this should be permissible. Absent an express restriction on assignment, you should be able to transfer title subject to the terms of the lease.