Frisco, TX
Business Lawyer at Frisco, TX
Practice Areas: Business, Real Estate, Wills & Living Wills
I think it's wise for a host of reasons to change from a sole proprietor to some formal entity with liability protection. From a tax standpoint,...
It depends on a number of factors, including the operation of the LLC. However, the real estate purchase contract would determine the definition of...
One could not say without knowing all the facts and reviewing the contract. However, barring anything to the contrary, if you were unable to close...
An attorney would need to review the contract. Off the top of my head, a good question would be the length of the initial term of the contract. I...
You should definitely seek consultation with an attorney. There could be a lot of moving parts in your case, including employment contract(s),...
An attorney will need to know the back story, the purpose, and the goals, to adequately respond to your question.
Yes, as Mr. Corrigan described. To add another point to his response, she may also disclaim any interest in the LLC. If doing so, then it may not...
The answer probably lies in another provision in the lease. Also, it would be important to understand the leased premises. For instance, it would...
It's really unknown how the bank will handle the potential default. Sometimes banks will foreclose. Other times banks will sue the guarantor(s)...
Probably not. In addition to the other answers, there should be an "entirety" clause that states that no terms or provisions discussed orally or...
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