Archived
Is there a greater risk or liability to an equity share of 15% or higher in a startup business versus a lower amount?
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Answered on March 31, 2015
First of all, the whole point of setting up a corporation is so that you are not personally liable for company debts and liabilities. As long as...
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Archived
Ex-Partner in LLC asks for his shares
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Answered on March 25, 2015
Yes, you absolutely should seek out a business attorney. He or she will be able to help you sort out everyone's rights and obligations. Key issues...
Archived
What type of attorney should I look for if I want to start a new business in California with foreign investors who want an eb-5?
Paul's answer
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Answered on March 19, 2015
You need three lawyers, at least. An immigration lawyer. A business lawyer. And a lawyer that specializes in legal cannabis (look in Denver for...
Archived
How do I start an LLC in Deleware or New Jersey?
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Answered on March 19, 2015
File articles of organization with the secretary of state and get an operating agreement.
How should officers of a c-corporation be paid?
Paul's answer
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Answered on March 15, 2015
Your state law will govern how frequently you will need to pay employees. As a practical matter, I strongly recommend that you use a payroll...
How do we remove a partner from our LLC? There are only 3 members and one wants out. The other two wish to keep the LLC.
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Answered on March 13, 2015
The other attorneys have correctly described the basic process. If you can get the other two members to buy you out, it's a pretty straightforward...
Archived
How can I recover money I gave to join a company but the company did not do as they stated?
Paul's answer
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Answered on March 13, 2015
Sounds like a multi-level marketing scheme. These almost always rub me the wrong way. You should definitely consult a lawyer, but you may also...
Do Convertible Notes (Debt) agreement require securities filings now or when actually converted?
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Answered on March 13, 2015
Yes, you need to file your Form D, etc. now. Convertible notes are securities. Your lawyer (you do have one, right? You aren't doing this alone,...
Archived
Can my home be the legal address of my business?
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Answered on March 12, 2015
I would use the professional workplace. It's more discreet. Do you really want people to know where you live?
Archived
I had no idea about allotment of shares for my angel investors.
Paul's answer
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Answered on March 11, 2015
You definitely need an attorney if you are going to talk with investors. There are good investors (accredited) and bad investors (Uncle Charlie)....
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