I am the only one on bank documents for the church. If the church is sold who is who or where does the funds go?
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Brandon's answer
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Answered on March 19, 2021
If the church property is sold, the proceeds need to be placed into the church's bank account, where it is held in trust pending proper...
Can I sue The City that my small business is located because they broke their own codes and has caused finanancial damage?
Brandon's answer
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Answered on March 19, 2021
I agree with Attorney Armstrong. It sounds like you might have viable claims against the city, although as my colleague notes, one of the issues...
Archived
Does my CoFounder have a valid case against me or my organization?
Brandon's answer
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Answered on March 19, 2021
This is going to be a very complicated matter to untangle, as there are numerous problems here. At best, the type of enterprise you have here is...
Removing shareholder from s-corp liability
Brandon's answer
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Answered on March 19, 2021
There are two components to solving this: first, making sure that all your corporate governance documents are updated to reflect current ownership...
Can a trust form a corporation?
Brandon's answer
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Answered on March 19, 2021
Yes, although I strongly advise my clients against trusts owning shares of S corporations, which are subject to some peculiar IRS rules that, left...
Corporation changes owners does it need new EIN?
Brandon's answer
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Answered on March 19, 2021
It depends on the structure of the deal. If the corporation survives in its present form, with only the stock changing hands, it is unlikely that...
Archived
Can a lease renewal be rescinded during the pandemic?
Brandon's answer
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Answered on March 18, 2021
Yes, an offer to renew can be rescinded--even during the present pandemic--as long as there was not a guaranteed option in the tenant's favor that...
Are there any tax implications when a property is transferred from one multi-member LLC to another with same ownership?
Brandon's answer
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Answered on March 18, 2021
It depends on what tax election your two multi-member LLCs have made; if the ownership percentages in Company X and Y are the same, and both...
Does the Plaintiff/property owner have to appear at the eviction hearing or just their lawyer?
Brandon's answer
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Answered on March 18, 2021
While I do not practice in Florida, speaking narrowly to the federal, CDC moratorium, it applies only to evictions for nonpayment of rent, in which...
Archived
Can my landlord give me 90 days to move during the pandemic without a binding lease
Brandon's answer
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Answered on March 18, 2021
I agree with Attorney Coleman. In the absence of a written lease for a term, you have what is called an "implied periodic month-to-month" tenancy,...
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