I sold my business in dec last year in california.

Generally speaking the way you protect yourself from a default in a financed transaction is by executing security agreements so that the assets of...

Do you have an operating agreement? I would imagine and hope so. The Operating Agreement would outline what powers you are allowed to exercise as a...

I NEED HELP

I would start familiarizing yourself with...

Limited Liability Corporation question in the state of GA

This depends. Were the loans on the properties personally guaranteed by any of the investors? If so, the guarantors will not be shielded from...

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How do we get this deal complete?

Forget about trying to get the airplane. It sounds like you need to sue him for breach of contract, fraud and conversion (theft). It appears from...

The lawyer lied

You should hire your own lawyer. That's what you should do.

When a 501c3 ignores their own bylaws what entity can be approached for remedy ?

There should be a conflict of interest provision in your corporate bylaws that tells you how to deal with interested directors. In your corporate...

Can a 50% managing member of an LLC take all profits to reduce debt to the detriment of his partner?

If I'm understanding you correctly what you're saying is that your partner in the business is insisting that both members take all the profits they...

Is this legal?

I agree with my colleague above. Your use of the word "confiscated" makes me initially think that some sort of government agency has seized the...

Giving away a majority % of an s corp in exchange for a % of the net profit

You have a number of options at your disposal and you should consult with a corporate attorney in your jurisdiction. Optimally, as mentioned...