Archived
LLC applied for bank loan and guaranteed by every membr individually. Is it legal to ask family membrs of partners to guarantee?
Jonathan's answer
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Answered on April 27, 2010
Legally, a bank can "ask" for just about any collateral that it wants. The bank does not have to make the loan unless it feels secure. That being...
Archived
Do I need an LLC or can I do a sole proprietorship in doing in home counseling?
Jonathan's answer
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Answered on April 27, 2010
There is a big difference. A sole proprietorship offers no limited liability protection. In short, you are your business and your business is...
Archived
Buying an LLC in Tennessee
Jonathan's answer
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Answered on April 27, 2010
Its the same as buying any other business entity. Is the deal structured as an asset sale, where you're just buying the assets of the LLC, or are...
Archived
Do I have to pay penalties/fees for cancelling DISH TV service within 24 hours of activation?
Jonathan's answer
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Answered on April 27, 2010
I believe that this is solely a matter of contract, so you'll need to carefully review the DISH contract that you signed at time of purchase. ...
Archived
In Febuary I transfered my interest in a property to my wife that she runs her business out of. do i have a problem filing a 7.
Jonathan's answer
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Answered on April 27, 2010
You should consult a local bankruptcy attorney regarding this issue, but I believe that there is 90 day clawback period. In otherwords, property...
Can I use an EIN from an old business for a new new business?
Jonathan's answer
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Answered on April 13, 2010
Agreed. An EIN (just like your personal SSN) is not transferrable.
Its an easy process to complete but, if you're uncomfortable doing it, your...
Archived
I learned how to trade stocks successfully on my own. Can I make an agreement with an individual to pick stocks for him.
Jonathan's answer
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Answered on April 13, 2010
I'm pretty sure that the answer here is that, legally, you can't... not without registering as a broker or investment advisor within your state.
Archived
How do I fire one of our business partners?
Jonathan's answer
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Answered on April 13, 2010
Without an LLP Agreement among you and your partners, your LLP would be governed solely by the State's law under which you registered. You have...
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