Average costs of doing this and what we should bring into an attorney to help expedite and simplify?

Currently, an LLC seems to be the most preferred form in which to organize a business. It can be taxed as a partnership (which you mentioned) but...

My sister, a prominent artist, bequethed to me in a holographic will her entire estate.

I am sorry for your loss; it seems that you and your sister were close, and that is always hard. Otherwise, however, I echo some of the responses...

Is it true that a guarantor on a franchise loan must be the same person who is the majority member of the LLC?

Talk with the Bank personnel and ask for an explanation; it is possible that something has been confused or unartfully stated, or that there is a...

Each of the prior answers is correct as far as it goes. (1) Estate, and eventually heirs of deceased will hold legal title to the property...

In Michigan, contracts for sale of real estate and for leases longer than a year must be in writing, or are not enforceable. There are some ways...

Selected as the best answer

Does a graphic designer/artist "own" their creative properties as the author for the company in which they work?

The answers regarding ownership of works for hire are in general correct (i.e., without any agreement or understanding to the contrary, works...

I have a 50/50 ownership structure with my LLC partner. I need help with an agreement for future sale

A buy sell agreement generally covers restrictions/conditions for sale or transfer of ownership interests in the LLC. It can be by separate...

Is there any way to get out of this Promissory note? (Promissory note states it follows Ohio Laws)

Would really have to see the note, and review the supposed consideration for which it was given, any related documents/agreements, and the entire...

Consequences of seller backing out of purchase agreement

If the purchase agreement was accepted (signed by the seller), you may have some options (if not, your recourse is limited if existing). The...

Is it legal in Michigan to be sued for a credit card debt that is already 7 years old?

Generally, the statute of limitations applicable to general credit card account debt (most often that applicable to contracts - 6 years; sometimes,...