Archived
What paperwork, forms or documents are required to remove an owner that wants to voluntarily leave a S Corp?
Jeremiah's answer
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Answered on September 26, 2011
Do you have a shareholder agreement sometimes called a buy/sell agreement? Typically the shareholder agreement will provide the method for...
Archived
Legal fees
Jeremiah's answer
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Answered on September 26, 2011
Cost is all relative to what you need done and your local market rates. You need to call local business attorneys in your area and get price...
Archived
What specific things need to be done for a Sub s Corp to maintain the protection of the Corp veil?
Jeremiah's answer
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Answered on September 26, 2011
First, from a legal stand point, GA doesn't recognize the difference between an S-Corp or C-Corp. S-Corp and C-Corp designations are for IRS tax...
Archived
What is my personal liability when owning stock in a CA S-Corp
Jeremiah's answer
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Answered on September 26, 2011
As long as the corporation is legally maintaining its corporate existence and not engaging in any intentional wrong doing, then your personal...
Archived
Can a dealer ship take a deal back after you sign a contract and put 1500.00 down and agree to bring 1500.00 back to them?
Jeremiah's answer
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Answered on September 24, 2011
It depends on the terms of the contract. Some contracts allow either party to terminate it for any reason at any time. Despite what was agreed to...
Archived
Can 2 men that have no money of their own gain controllling stock in a company over their share holders that have invested their
Jeremiah's answer
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Answered on September 24, 2011
I'm not entirely certain what you are asking. If the men lawfully attained 52% of the stock in the company or were appointed to the board of...
Archived
We financed the legal fees for 2 men to register with the state an S Coporation. They were listed as founders. Could we also be
Jeremiah's answer
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Answered on September 24, 2011
The only people that have an ownership interest in an S-Corp are the shareholders/stockholders. The shareholders elect the directors (who don't...
Archived
Standing? If a hedge fund is a creditor in a bankrutpcy case and I have an interest in that hedge fund do I have standing?
Jeremiah's answer
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Answered on September 24, 2011
I'm not a NY attorney or familiar with NY law, but as a general rule, a shareholder may not directly sue a third party to enforce rights held by...
Archived
Bank denied short sale "because offer was made by an LLC", is this legal?
Jeremiah's answer
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Answered on September 23, 2011
I'd also add that besides the bank accepting the offer as totally being within their discretion, the business legal reason for denying the offer...
Archived
Payments to LLC partners for guaranteeing a bank loan
Jeremiah's answer
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Answered on September 23, 2011
It sounds to me that the manager is trying to incentivize the members to all personally guarantee the loan so the refinance will go through and...
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