Archived
Who retains documents such as employee files, job applicant files, tax files, etc. when an S corp files for Chapter 7?
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Answered on February 23, 2019
If there is a trustee appointed, that person will oversees the same as assets of the Corp. if none is appointed, practically speaking they will...
Archived
How do I take my house back on land contract if the buyer waited to pay property taxes?
Larry's answer
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Answered on February 23, 2019
Mr. Smith has wisely cautioned you. The processes are elective and exclusive. You must do things right and make errors or you could find yourself...
Archived
Can i file for bankruptcy chapter 7 to save home and car to protect against a business loan?
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Answered on February 22, 2019
Are you married and own property jointly? That would affect whether you can be discharged without paying or jeopardizing assets? Only a TX...
How do I add members to an existing SCorp?
Larry's answer
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Answered on February 22, 2019
Like Mr. Kelly points out, the 2 new S/H’s need to execute a writttn agreement with you to commit to paying 100 per cent taxes based on the pro...
Archived
What is the probability of damages being awarded if a firm sent misleading letters to clients that prevented me from operating
Larry's answer
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Answered on February 22, 2019
To the Asker: this is a litigation question. Moreover, you signed giving terms and conditions of your affiliation when you came on board. You...
If I am 50% owner of an LLC filing as an S corporation would I have to sign documents agreeing to ownership?
Larry's answer
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Answered on February 22, 2019
Look....to the Asker. Are you a willing 50% owner? Are you one who wants to be 100% united with the other 50%? Do ALL of you want to take...
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How do I keep our non profit organization active and in good standing as President and the registered agent in another state?
Larry's answer
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Answered on February 22, 2019
Excellent question. Since nasty President has resigned, I think that is beneficial for the rest of you to take charge and engage an entity whose...
Archived
How do I get the purchase price of my property$45K back when the title was not clean and the lawyer failed to pay the title ins?
Larry's answer
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Answered on February 22, 2019
Was the $45K check cashed? That will trigger the obligation to get a title policy.
In addition to what Mr. Smith wisely tells you here, I...
Archived
Can the realtor keep the late fee, when a tenant is late with the rent
Larry's answer
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Answered on February 22, 2019
What is the role of the "realtor"? Property manager? What does your agreement with the "realtor" provide? It doesn't sound right that the...
Do Robert's Rules of Order apply if it is stated in the bylaws but has not been practiced for years?
Larry's answer
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Answered on February 22, 2019
Roberts Rules still apply unless and until by laws are legally changed.
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