If I take over an existing small LLC , am I legally responsible for any tax problems it may have had before the date I take over
Thomas's answer
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Answered on September 04, 2013
This could be tricky.
Personal liability for certain federal taxes is imposed upon the "responsible person." You would need to differentiate...
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I want to retire. If I file for bankruptcy, what assets are fair game for my creditors? I live in Michigan.
Thomas's answer
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Answered on August 19, 2013
You need a bankruptcy attorney to review your entire situation.
Your pension should be exempt, but there are limits on the exemptions available...
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What steps or items do I need to check off to go out of business in Michigan.
Thomas's answer
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Answered on August 19, 2013
That depends upon the individual situation. It's a matter of identifying the potential problems (such as personal liability for debts) and...
Archived
Chapter 7 Bankruptcy --- currently unemployed ---- safe to get a high paying job after the 341 meeting.
Thomas's answer
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Answered on August 14, 2013
The trustee or US Trustee could file a motion to dismiss the case as an "abuse" within 60 days following the conclusion of the 341 meeting. ...
Can a sole proprietor or an LLC request cash donations for a service?
Thomas's answer
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Answered on August 08, 2013
You can have your audience pay what they choose, but I would not call it a donation since that implies that it's a deductible charitable donation.
Received discharge after went to 2004 exam. being told case is still open? how long can it stay open. are we discharged or not?
Thomas's answer
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Answered on July 24, 2013
Six months is a fair guess. It depends upon when the trustee files either a no-asset report or a final report. The trustee will keep the case...
Is it legal for a commercial landlord to change my locks for non-payment? Does that terminate the lease?
Thomas's answer
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Answered on July 17, 2013
Short answer: It is against Michigan law for a landlord to lock out a tenant in possession without going to court to evict the tenant. I would...
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Can I take legal action against investors invovlved in a LLC if the majority owner is going to file bankruptcy or chapter 11?
Thomas's answer
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Answered on July 12, 2013
I agree with the above answer.
I would add that from the facts given there is no basis for a suit against the "investors" (members) of the LLC.
Archived
I need to know how to set up an LLC so that my foreign business partner will be on the LLC and bank account with me.
Thomas's answer
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Answered on June 28, 2013
I assume that the document you refer to are the articles of organization. That document does not list the members. As the other answer indicates,...
Can my wife sign my name off a car title in another state without my permission?
Thomas's answer
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Answered on June 26, 2013
I would also consider tracking down the "purchaser" of the van and bringing a lawsuit not only against him or her for return of the van but against...
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