Archived
What forms/documents should be filed to legally convert an existing LLC, to an LLC with an S-corp election?
Glenn's answer
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Answered on September 27, 2015
IRS Form 2553 is filed with the IRS: http://www.irs.gov/uac/Form-2553,-Election-by-a-Small-Business-Corporation. It is really a tax election and...
Archived
What's the best entity type for setting up a holding company, with two operating companies (both LLC, S-corp elect)?
Glenn's answer
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Answered on September 27, 2015
I agree that more information is needed to give you a comprehensive answer, but a structure I see a lot that is relatively simple and efficient is...
Archived
Tenant Causing Property Damage.
Glenn's answer
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Answered on September 25, 2015
It depends on what the cause of the leak is. If it was caused by damage by the tenant (beyond ordinary wear and tear), then the tenant would be...
Archived
If I get a start up loan for a company do I need to incorporate first or can I get the loan first?
Glenn's answer
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Answered on September 16, 2015
You will have to personally grantee the loan even if it is in the name of the LLC, but it is still advisable to have the loan be in the name of the...
Archived
Company agreed to pay per each pallet received from my company to be loaded and delivered to a third party company.
Glenn's answer
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Answered on September 08, 2015
It is much more likely to be a civil claim versus a criminal one unless you have strong evidence of their intent to steal the pallets. You are...
Archived
I am a real estate broker whom is looking to collect commission from a landlord. How do I lien the property for nonpayment?
Glenn's answer
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Answered on September 01, 2015
Unless you have an unusual commission agreement that gives you a security interest, you will need to first sue and obtain a judgment against the...
Can this apartment complex legally charge me for something they forgot to add into the lease after its already signed?
Glenn's answer
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Answered on August 20, 2015
With a few exceptions I don't see in your posting, the situation will be controlled by the terms of the lease agreement in place. No, you do not...
Archived
I started my own company while working for the competition. The busines is growing so i quit. They sent a cease and desit ?
Glenn's answer
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Answered on August 19, 2015
If your question is whether you have to close your business it depends on the facts of the situation. Take the letter to your business attorney to...
Archived
Entered into Distributor Agreement with an LLC based in Missouri with a $20K deposit refundable. Distributor not refunding $.
Glenn's answer
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Answered on August 18, 2015
Unless the agreement dictates otherwise (and such provision(s) are enforceable), you likely would have to sue them in Missouri. Have a local...
Archived
Can we develop a product similar to the one that we were hired to develop for a firm ?
Glenn's answer
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Answered on August 11, 2015
It really depends on the terms of the non-disclosure agreement and whatever other agreement you signed with the client. Have a good business...
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