Questions answered by Gilbert Yale Liss

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Where can I find information if a company is sliced and who is the owner?

Gilbert's answer | Answered on September 10, 2015

One of many reasons for incorporating is to keep the identity of owners confidential. Other than a lawsuit (for which you may not have grounds)...

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Is it acceptable/legal for Business-A loan money to Business-B at a 0% interest rate for 6-12 months?

Gilbert's answer | Answered on September 06, 2015

If none of the other owners object, I don't see any legal issues with what you propose. You might want to check with an accountant as to whether...

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Real Estate Issue with my commercial tenant neighbor. NEED A LAWYER.

Gilbert's answer | Answered on August 30, 2015

Before hiring an attorney, I'd suggest a visit to your Alderman's office. See if you can get any help there. The Alderman may be able to guide...

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I own a restaurant 50/50. We replaced the operator w/new one. He refuses to follow simple accounting instruction for cash

Gilbert's answer | Answered on August 24, 2015

Sounds like you need to get more pro-active. If he won't discuss his handling of your finances with you, I'd terminate him immediately and do an...

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How do I find if a home was purchased in an inmate's name?

Gilbert's answer | Answered on August 21, 2015

Visit the Website for the Cook County Recorder of Deeds. You can search by name. If you know the address, you can visit the Assessor's Website...

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Help in filing a S Corp in Illinois regarding "Stock" section.

Gilbert's answer | Answered on August 21, 2015

You have a lot of flexibility in authorizing and issuing shares. One of many workable schemes is to authorize 10,000 shares of no par value common...

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Opening a new liquor store in Chicago: how difficult is it to get licensing?

Gilbert's answer | Answered on August 13, 2015

I'd suggest visiting the Alderman for the Ward in which your proposed store will be located. Aldermen are supposed to assist people in their Ward...

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Would this be an example of "false advertising" or "consumer fraud" by a business?

Gilbert's answer | Answered on August 13, 2015

Possibly, it would be consumer fraud. However, as to any individual, the damages would be nominal, so there would be little point in seeking legal...

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Just sold my condo. Am i liable for cost of repair that was originally slated to be paid by HOA (but now owners have to pay)?

Gilbert's answer | Answered on August 05, 2015

Since you made full disclosure you are probably not liable. Let the matter rest unless the buyer raises the issue. Then, if the amount is...

Archived

Calculating Sales Tax With Drop Shipping

Gilbert's answer | Answered on August 02, 2015

Complicated question to answer. I believe each state has its own rules for sales to its residents made elsewhere. You need to consult with a...

Gilbert Yale Liss's Answers (237)

Where can I find information if a company is sliced and who is the owner?

Is it acceptable/legal for Business-A loan money to Business-B at a 0% interest rate for 6-12 months?

Real Estate Issue with my commercial tenant neighbor. NEED A LAWYER.

I own a restaurant 50/50. We replaced the operator w/new one. He refuses to follow simple accounting instruction for cash

How do I find if a home was purchased in an inmate's name?

Help in filing a S Corp in Illinois regarding "Stock" section.

Opening a new liquor store in Chicago: how difficult is it to get licensing?

Would this be an example of "false advertising" or "consumer fraud" by a business?

Just sold my condo. Am i liable for cost of repair that was originally slated to be paid by HOA (but now owners have to pay)?

Calculating Sales Tax With Drop Shipping