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Iown a business with a couple of other people its an LLC. One of the partners just told us she filed chapter 7 bancrupcy.
Kenneth's answer
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Answered on September 06, 2011
It should have no effect on your business. The LLC is insulated from her creditors, assuming all is in order with the LLC. Of course, creditors...
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How do I get out of my LLC, when I have asked to be bought out and my partner will not respond?
Kenneth's answer
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Answered on September 06, 2011
If she is unwilling to buy you out, you can probably seek judicial dissolution of the LLC. That, of course, will require litigation. I strongly...
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Withdrawing My Partnership Interest Now But My Partner Won't Completely Buy Me Out Until 2013
Kenneth's answer
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Answered on September 06, 2011
You raise multiple issues. First, the withdrawal should be detailed in an an agreement between your partner and yourself specifying the terms and...
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Sole Proprietorship
Kenneth's answer
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Answered on September 06, 2011
Typically once you have two or more persons your business becomes a partnership. Why do you want a "sole proprietorship?" You might be better...
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Hi, What visa do i need to start a business in USA?
Kenneth's answer
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Answered on September 06, 2011
You raise several issues. I represent several Indian and other foreign nationals in their businesses here, including several whose circumstances...
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Is it state law in Texas to have general liability insurance if you own a business?
Kenneth's answer
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Answered on September 06, 2011
I will leave to the Texas lawyers advice regarding whether such insurance is mandated by law. However, in my view, running any business without...
How do I remove myself from a non profit corporation ?
Kenneth's answer
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Answered on September 05, 2011
Submit a letter of resignation. If in your view you have never been a director,then mention that in the letter, e.g., "I have never consented to...
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Can we be sued by a partner who left to start a competing business w/o disolving the partnership with us first?
Kenneth's answer
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Answered on September 05, 2011
Generally one can request judicial dissolution of a partnership if the partners cannot dissolve it on their own. She would be entitled to her...
Archived
Do we need real estate attorney or litigator?
Kenneth's answer
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Answered on September 04, 2011
I strongly suggest that you start with a real estate lawyer. You need more than someone who does real estate closing. You need someone who...
Archived
WHAT TYPE OF ENTITY IS BEST TO FORM A PUBLISHING COMPANY(MUSIC)
Kenneth's answer
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Answered on September 04, 2011
The question is not so much what entity is best for a record company or a publishing company, but rather what your near term and long term goals...
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