In a 60/40 partnership, where the owner gets 60, and the manager gets 40, who is responsible for employee pay?
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Answered on February 20, 2024
Partnership equity applies to how the partners divide profits; that means that no distribution is to be made until the partnership has first...
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Can I list any terms I want in an irrevocable trust that I create for my daughter?
Brandon's answer
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Answered on February 19, 2024
The short answer is yes. As the settlor/grantor of the trust, you have broad latitude to structure the distributions of your daughter's...
What is the deadline in North Carolina to return or itemize a security deposit?
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Answered on February 12, 2024
Under the North Carolina Tenant Security Deposit Act, the landlord must provide either the remittance of the deposit, or an interim accounting of...
My dad is giving me a piece of land what do i need to do to put the land in my name?
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Answered on February 10, 2024
I agree with Attorney Love. Assuming no liens against the property, your father can execute a new deed with you as the grantee. Your father would...
My spouse is 1099 employee who refuses to create Scorp or LLC
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Answered on February 09, 2024
I agree with Attorney Cowan's excellent, thoughtful answer. Try reaching out to a family lawyer who advises clients on business and asset...
If I become a 1% shareholder LLP with no cash investment on my part what potential liability/pitfalls could be?
Brandon's answer
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Answered on February 09, 2024
Being fully informed about your liability risks from owning and/or participating in an enterprise requires detailed consultation with a lawyer in...
Normal for attorney/client agreement for client to be responsible for all court costs including witness testimony ?
Brandon's answer
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Answered on February 09, 2024
Although we do not have the benefit of full review of the fee/representation agreement, what you describe is the industry standard for litigation...
Is there a problem if I confuse two win numbers?
One sole proprietor one LLC. Same business.
Brandon's answer
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Answered on February 08, 2024
I am not entirely clear on what you are referring to, but if you mean, "EIN," you have the option to use either your social security number, or a...
Should an executor be paid for handling our will, she is our daughter
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Brandon's answer
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Answered on February 06, 2024
That is mostly up to you as the testator--subject of course to the final approval of the probate court with local jurisdiction over your estate. ...
How to transfer ownership of C-Corp to LLC Holding Company/
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Answered on February 05, 2024
You will need to work with a corporate lawyer to counsel you on this transaction, including but not limited to drafting the appropriate legal...
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