Can I use accrued/unpaid interest as the calculation of the distribution ratio, but actually return capital to avoid tax?

In the end, it will probably all balance out. Each of you will have your losses to go against any gain. Still, you could amend or agree to...

What liabilities do I need to be concerned with in the following business scenario?

Yes, you should be aware of potential liabilities. Without many, many more facts, it is impossible to determine the potential liabilities. in...

I signed 3 yrs commericial lease. how can i break lease?

You should take your lease to an attorney. If your rights under the lease agreement are confirmed, the attorney will likely write a strongly-worded...

Is a private "C" corporation legally required to notify all shareholders of record of its annual shareholder meeting?

One important item missing from your question is the company's the state of formation. Although everyone is generally correct, you have to look at...

It depends on the lease language. You should probably take it to a lawyer and let him review it. Alternatively, you could try to negotiate the...

We're in Texas. We have a failed restaurant operating under an LLC. We had at least two payroll checks bounce.

From a civil standpoint, you are likely individually liable for the payrolls. Criminality would require more information. Regarding harassment, I'm...

Texas LLC operating in California

It would need to rise to the level of doing business in California. However, assuming you are controlling the LLC, if you are in CA, then it's...

Owner financed home to buyers now they want money back. Did not go thru lawyer just typed up a contract what can I do?

You really need to hire an attorney. Owner finance deals on residential property are tricky these days. You have the Federal SAFE Act, Texas SAFE...

Establishing Ownership of Defunct Foreign Corporation

It sounds like a three step process. First, you need to obtain his ownership information. I am sure DE has the records somewhere. Additionally, you...

My S-Corp has received a debt collection letter from for a payment that was supposedly made 6 months before i created the S-Corp

It sounds like you're doing the right thing. Call the trustee. Follow-up with a letter of explanation. You should be okay. Hire an attorney if you...