If I a net profits earner on an llc at 20 percent , do I also get to use 20 percent depreciation?

It depends on how the Company Agreement is written. Speak to a CPA or attorney.

Property Tax Question

Generally, taxes are assessed against the land and thus must be paid by the current owner. Taxes prior to your ownership should have been accounted...

So LLC partners share profits before or after depreciation ?

In LLC's, profits are allocated. Cash flow is distributed. Considering cash flow does not account (or adds back) depreciation, depreciation is not...

If you don't have a formal partnership agreement, company agreement, or some similar agreement, then get one. Then, when these matters arise, you...

I work as an independant contractor, but was made to sign a non compete, will it hold up?

It really depends on the verbiage in the non-compete section of the agreement. You will want to speak with an attorney.

I signed an UNSWORN DECLARATION giving away my rights to an inheritance. Now having second thoughts. Can I reverse this?

You should probably speak with an attorney so that you have a better idea about what you are doing. We would need more facts to provide an answer,...

Is there anything i can do to contest a memorandom of contract of sale?

The answer largely lies in the verbiage of the contract, which we cannot see. However, if the contract only requires you to provide a quit claim...

Avoid committing an unethical act

John would review his contract and the rules of conduct for his profession. In reality, the past client would be pretty upset if John usurped his...

Landman

The answer is (e) -- Not enough facts have been provided to answer this question. We don't know Lana's purpose for speaking with her...

What % of delinquent homeowners reclaim property after a tax sale by the county in TX/Alabama? What is the rule for lien/deed?

Two year right of redemption on a tax sale in Texas. You will need to ask an Alabama attorney about Alabama's rights. You will want to visit with...