Archived
I am an partner/owner of a business in MN. I left the company and now my partners are refusing me financials. Can they do this?
Jeremy's answer
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Answered on July 08, 2013
If you do in fact have an ownership interest you likely have financial rights in the earnings of the company. What rights you do have will depend...
Archived
No insurance in Minnesota 3 in ten years
Jeremy's answer
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Answered on June 14, 2013
At a minimum until you are able to provide proof of insurance. I recommend contacting the local DMV and asking to meet with an evaluator who will...
Archived
How do I quit a company I co-own? There are 3 owners, and I don't feel like I want to be apart of it anymore.
Jeremy's answer
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Answered on June 14, 2013
I agree with my colleagues, there are two issues at play here, the management aspect (CFO), and the ownership aspect (being a member). Looking at...
Archived
Is selling a car that has a lien on the title okay?
Jeremy's answer
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Answered on May 22, 2013
Unless the lender agrees to allow the buyer to assume the loan you will be liable for the payments until the note is satisfied. Even if you have an...
Archived
I want to use money from a maturing cd to buy a new car: do I need to declare it as income on my 2013 tax return?
Jeremy's answer
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Answered on May 22, 2013
The interest you earn on a CD is taxable, and is generally taxed during the year it was earned. Generally you will get at 1099-Int form showing the...
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Archived
What legislation was designed to curb financial abuse at companies?
Jeremy's answer
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Answered on May 02, 2013
The Sherman Act was enacted to limit companies from engaging in business activities that were deemed anti-competitive - ie monopolies/cartels -...
Archived
Is a spouse or previous children entitled to property when there is no will and the spouses name was not listed on the parcels ?
Jeremy's answer
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Answered on April 12, 2013
With regards to property, the law of the state in which the property is located will control. This is often times the same state the decedent...
Archived
I just discovered an anomaly with our technical specifications, do I need to contact the proper authorities?
Jeremy's answer
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Answered on April 12, 2013
The answer to this question will be based on information that you should not share in a public forum such as this. There are a lot of variables...
Archived
Am I entitled to my remaining vacation pay after quiting my job?
Jeremy's answer
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Answered on March 14, 2013
I agree wholeheartedly with Ms. Doll's response, the answer to the question will be determined by the contents of the employee handbook and/or...
What are the benefits / disadvantages of creating a tiered LLC structure for two closely related business ?
Jeremy's answer
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Answered on February 21, 2013
The benefits include an increased level of liability protection for you personally from the activities of ABC, LLC, and potential tax advantages or...
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