Archived
When establishing a closely held corporation, can you qualify sweat equity as owners equity with a monetary value
Kenneth's answer
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Answered on July 06, 2011
Many, if not most states allow the directors to issues shares for whatever consideration they think appropriate. That can certainly include sweat...
Archived
What do I do if an investor tries to take over my company?
Kenneth's answer
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Answered on July 06, 2011
What does the operating agreement say about ownership. In all likelihood that agreement will control, and your father cannot suddenly demand more...
Archived
How to move an online business out of state?
Kenneth's answer
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Answered on July 06, 2011
You have essentially three options. You can organize in Iowa and then when you move register as a foreign LLC in the new state. You can organize...
Archived
Online business with inventory
Kenneth's answer
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Answered on July 06, 2011
I have not taken time to look at the Iowa statute, but I can advise that even an online company has to have a "home" somewhere, a nerve center if...
Archived
Can I gain title to a piece of property via adverse possession if I had a permissive easement to use the property?
Kenneth's answer
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Answered on July 06, 2011
This is an interesting question as it reminds me of a NY case I teach in the first year Property course I teach. In order to establish adverse...
Archived
Mineral rights wrong owner
Kenneth's answer
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Answered on July 05, 2011
I am not sure I follow all of the details of your question. If I do understand correctly, Mr. A owns land. He has leased the mineral rights to...
Archived
Can a Canadian resident be a partner in a U.S. business?
Kenneth's answer
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Answered on July 05, 2011
You indicate your friend's being a partner. I would suggest you consider a limited liability company (LLC) instead of a true partnership. In...
Archived
Lawsuit protection in rental business
Kenneth's answer
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Answered on July 05, 2011
My first thought would be to find out why the bank opposes the LLC. Ask whether they would accept the LLC as the borrower with you providing a...
Archived
Can someone file for an FBN using our corporation name without our knowledge?
Kenneth's answer
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Answered on July 02, 2011
I agree that I believe this is theft and fraud, and he may be subject to criminal prosecution, at least if check went to John Smith that should...
Archived
Business Partnership for internet site
Kenneth's answer
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Answered on July 02, 2011
You reference a partnership, but do you really mean partnership or do you have an LLC or corporation. If you have a partnership or an LLC...
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