How do I pay for my own professional education costs as a SMLLC member — do I pay directly or does my LLC pay?
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Answered on November 09, 2022
Either method--i.e., direct payment or reimbursement by the LLC--is fine, as long as you track expenses and keep detailed, accurate records; that...
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In a private family business (C Corp) records were lost for stock ownership. Can BOD create new records or the reset stock?
Brandon's answer
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Answered on November 07, 2022
Most likely, yes. The corporation should hire a local corporate lawyer to advise the board on how to properly go about this. Documents can...
Does jurisdiction not apply to certain companies or banks?
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Answered on November 07, 2022
If the institution is a federally recognized national association, it would likely be preempted, under federal law, from state-level usury laws. ...
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What is needed to leave property to someone on e they die?
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Answered on November 07, 2022
Speak with a local estate planning lawyer about this, and share with him/her your overall estate planning goals. Depending on other details not...
Will transfer of a personal rental home to an LLC trigger a due on sale clause?
Brandon's answer
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Answered on November 06, 2022
Although we have not seen the mortgage documents in your case, under standard provisions that commonly appear in such transactions, what you...
How can I get my grandson name off my deed
Brandon's answer
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Answered on November 06, 2022
Your grandson (or his legal guardian, if he is a minor) must agree to execute a new deed, conveying his interest; this is not something he can be...
Plaintiff accepts 50% of owed amount in breach of contract for a loan agreement?
Brandon's answer
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Answered on November 05, 2022
This question would probably be better suited for a CPA than a lawyer, unless the lawyer maintains a practice area focus in tax law. I would run...
Can we use a restaurant space if we own 50% and it’s not being utilized?
Brandon's answer
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Answered on November 04, 2022
Assuming that the commercial space is leased completely to the LLC as the tenant, and not to any of the members individually, I think the answer...
How do i execute a living revocable trust if the trust isn't a copy and isn't signed?
Brandon's answer
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Answered on November 04, 2022
An estate planning or probate lawyer will need to review the instrument in order to provide definite legal guidance. If there is no trustee in...
Decision making regarding organization
Brandon's answer
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Answered on November 04, 2022
I agree with my learned colleague, Attorney Doland. There are a few layers of analysis that you and a corporate lawyer need to work through in...
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