When a member of a LLC dies, does the remaining member have to buy out the deceased's family from the business?

First, it depends on the internal agreements of the LLC regarding what happens to a deceased member's interest (often called buy-sell language). ...

In most states, administrative dissolution is different than a voluntary dissolution. This means that the company continues to exists, but simply...

Non compete claus issue

You would need to speak with a Minnesota (or whatever state’s law applies) attorney, but in Georgia (and in most states), a non-compete remains...

After you sign a contract on a motorcycle do you have time to back out?

No, not unless the purchase agreement allows for such a period. If you would like to discuss any issues further, please feel free to contact my...

Is there any way to get summer camp tution that was prepaid, contract states no refunds

No, not if the contracts states so. If you would like to discuss any issues further, please feel free to contact my office. My contact...

Are verbal contracts valid in the state of North Carolina?

Yes, subject to some major exceptions. However, based on the fats of your posting, you should have the legal right to enforce the agreement or sue...

Can I break a written contract due to slander?

No, not unless a covenant not to slander was written into the agreement, which would be unlikely. You cannot terminate a valid agreement outside...

I dissolved my LLC in 2003 and was notified of a debt in 2005, had I known of the debt I would have maintained LLC status.

It really depends on the type of debt, if the LLC was properly dissolved according to the laws of its home state and whether any kind of personal...

How to disolve a LLC

That depends on in which state the LLC is formed. Typically, you file an application for termination/dissolution with the Secretary of...

I am starting a business in colorado. I want to know if I could name if "First Capital Bank Systems, LLC."......

That is a complicated intellectual property question since there are probably many banks using that name a similar name. However, you will...