Archived
Best business structure (type, LLC, hobbiest, ect) for husband and wife to start in sheet metal yard art ect...?
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Answered on June 04, 2014
Based solely on the information you have provided, I, too, would lean toward a limited liability company. That said, it would be worthwhile for...
Archived
I signed a purchase agreement to purchase a house pending the house passing inspection.
Due to scheduling conflict inspection
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Answered on June 02, 2014
To correctly answer your question requires a review of the sales contract and the surrounding facts. I recommend that you take this to a local real...
Archived
Am I legally responsible for a verbal partnership after I resigned but the partners still have the business?
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Answered on May 31, 2014
Mr Cohen is correct. You should give written notice of your withdrawal to both other partners as well as anyone you may have done business with on...
Archived
What are my options?
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Answered on May 27, 2014
Ask the lender on your apartment building for a payoff letter. That letter will be proof of the amount actually secured by the mortgage on you...
Archived
I want to dissolve my C-Corp, so how do I convert my C-Corp assets into personal assets?
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Answered on May 14, 2014
The answer depends on whether the C-Corp has completed a tax year and whether the "items" purchased were depreciated. If it so, there will likely...
Archived
What is the best way to loan my son money (250k+) without getting hit with gift taxes?
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Answered on May 11, 2014
The Internal Revenue Code requires that you charge a minimum rate of interest on loans of this type. The rate various depending on the length of...
Archived
Can i get my earnest money back ? i am not satisfy with the city inspection report
Brook's answer
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Answered on May 08, 2014
Whether you are entitled to terminate the agreement based on your dissatisfaction with the inspection is entirely dependent on the terms if your...
In the state of Michigan, are there laws concerning interest-only land contracts?
Brook's answer
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Answered on May 07, 2014
The general rule in Michigan is that the interest rate charged in a land contract on the unpaid balance cannot exceed 11% per annum. In your...
Archived
Document attached to deed concerning HOA but HOA really isn't functional. How to enforce rules concerning property.
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Answered on May 06, 2014
To the extent that the Home Owners Association documents are binding on your property, they would have been identified in the Title Insurance...
Archived
Personal liability or Coorporate Liability?
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Answered on May 05, 2014
The complaint filed against you personally needs to a response filed with the court. That is the first step toward getting the claim against you...
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