Archived
My corporation is registered in Florida. How do I add a vice president with the power to make company decisions on his own?
Kenneth's answer
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Answered on August 07, 2011
As a corporation, you should have a Board of Directors. Having the Board and operating the corporation in a formal manner is essential to maintain...
Archived
Importing goods & selling - Sole Prop.
Kenneth's answer
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Answered on August 01, 2011
If you incorporate as an S corporation, your taxes will be no more than
you pay individually. In fact, they may be less, as you can shelter
some...
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Archived
I formed an S-corp at the end of 2009 and have done zero biz. Can state come after ME PERSONALY for the tax of inactive s corp?
Kenneth's answer
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Answered on August 01, 2011
I am sure California lawyers will clarify. However, my experience with
clients in California is that the $800 is an annual fee just for the...
Archived
Where can i find licensing agents for inventions i have patented
Kenneth's answer
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Answered on August 01, 2011
Have a look at www.ipwatchdog.com. You may find information on
licensing resources there.
If you do not have patent counsel, you certainly...
S Corporation Business Activity Change
Kenneth's answer
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Answered on August 01, 2011
My first question is whether your statement of purpose in your Articles
or Certificate of Organization or Formation is so narrow that it cannot...
Archived
I'm from OH & my husband recvd a rental property from his parents by quit claim deed. Do I have any rights to the property?
Kenneth's answer
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Answered on July 31, 2011
My first concern for you is that this family acrimony seems to continue. Whatever the underlying issues are, you would be well served to seek to...
Archived
Transfer TX LLC ownership in asset purchase
Kenneth's answer
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Answered on July 31, 2011
If I understand correctly, your Texas corporation is purchasing only the assets of another company, a Texas LLC. You are not acquiring any equity...
Archived
Seller, Listing agent and inspector did not disclose the house had no water supply.
Kenneth's answer
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Answered on July 31, 2011
I think your parents' suggestion is a good one. Generally in the modern era, sellers must disclose material conditions that might influence a...
Archived
How much power does a 50 percent shareholder have in a Texas S-Corp?
Kenneth's answer
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Answered on July 31, 2011
One option, as noted by another counsel, is to have your mother sell you 1%. However, you might also create a voting trust or enter into another...
Archived
Do I have to buyout a minority partner after firing them?
Kenneth's answer
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Answered on July 31, 2011
That would be the controlling instrument, so long as it complies with your state statute.
Generally you cannot simply fire a minority member of...
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