Archived
With a business classified as a sole proprietor, can I simply withdraw money from the business account for personal use?
Stephan's answer
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Answered on October 28, 2014
Generally, setting up a business as a sole propreitorship is ill-advised because you expose yourself to increased liability. I reccomend you...
Archived
Do I need a tax attorney?
Stephan's answer
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Answered on October 28, 2014
You should immediately consult with a tax attorney and a CPA. Failure to File and interest penalties will likely be assessed against you, but not...
Archived
Tax Id number?
Stephan's answer
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Answered on October 28, 2014
The lawyers who answererd are correct. You will need an EIN number for your business, but this may be the same as your SSN if your business is a...
Archived
My friend needs a better lawyer!
Stephan's answer
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Answered on October 01, 2014
The other two responses are correct. Your friend has the right to fire his attorney. Furthermore, an attorney has to earn the money put on retainer...
Archived
How to get out of a contract?
Stephan's answer
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Answered on October 01, 2014
The simple answer is that it depends on the language of the contract. There may be remedies available to you based on state statutes governing the...
Archived
I want to incorporate my startup as a C Corp in Delaware and be headquartered in Virginia. What do I need to do?
Stephan's answer
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Answered on October 01, 2014
The type of startup you are in, the partners in the business, and many other matters should be considered prior to choosing the domicile of the...
Archived
Does a will overpower a beneficiary left on an insurance policy
Stephan's answer
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Answered on October 01, 2014
In Virginia a beneficiary designee of a life insurance policy receives that benefit outside of the probate process, which is where property...
Archived
Is it right that my co trustee is charging me 4 percent interest on borrowing 25,000.00 from my trust so that I can buy a car?
Stephan's answer
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Answered on October 01, 2014
The powers available to a trustee vary by the terms of the trust. As a beneficiary you have the right to see the trust document and I recommend you...
Archived
I have my fathers latest will I need to probate in Virginia but someone is probating the old will in Hertford, North Carolina.
Stephan's answer
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Answered on October 01, 2014
You should consult with an estate administration attorney locally who will likely reach out to a NC-licensed attorney that practices in familiar...
Archived
Can one sibilings tax lien affect the others?
Stephan's answer
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Answered on October 01, 2014
The other responses are basically correct given the information provided. I would suggest that consult with a tax attorney who can clarify the...
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