Are non compete agreements binding "in perpetuity" or for a specific period of time? Are they legal in California?
Darryl's answer
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Answered on July 04, 2017
There really are not enough specifics to answer your question accurately, but in general, non-compete agreements do not last forever, even if the...
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I have read I think that non compete agreements are illegal in California. Is this true?
Darryl's answer
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Answered on July 04, 2017
Non-compete agreements are not "illegal." Most states, including California, construe them very narrowly, particularly when they are between...
Greetings. Does contract law supersede a divorce decree?
Darryl's answer
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Answered on July 04, 2017
Unfortunately the divorce decree doesn't have a bearing on the actual loan itself. The decree might have put the financial burden of repayment on...
Can I get financial records if I am a 10% owner of an S Corporation ?
Darryl's answer
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Answered on July 04, 2017
As the shareholder of a corporation, the general rule is that you have a right to inspect the books and records at any reasonable time and have the...
Archived
I have an LLC in VA for flipping houses. I want to start selling on Amazon under the same LLC. Is this possible?
Darryl's answer
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Answered on July 04, 2017
In general an LLC or any other entity can conduct whatever business the owners choose so long as the articles of organization do not prohibit it. ...
I want to increase percentage of ownership in an Scorp for one partner and decrease another. How do I do this?
Darryl's answer
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Answered on July 04, 2017
I agree with the other answers. Don't worry about the S-Corp status. You have already made that election and as long as you have no more than the...
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What if my employer is knowingly writing bids with other subcontractor letter head and submitting it for approval by insurance?
Darryl's answer
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Answered on July 03, 2017
Well...that just does not sound good. There are many questions that need to be asked and a lot of facts that are unknown, but on its face, without...
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What determines the holding state of a company?
Darryl's answer
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Answered on July 03, 2017
Not sure I understand your question, but the state of incorporation is not necessarily the same thing as where the headquarters or main office is...
LLC name different from the trademark name?
Darryl's answer
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Answered on July 03, 2017
I agree with the other two answers to your question. The legal entity name does not have to be the same as the trade name the business uses, but...
Archived
How do I initiate a complaint regarding partner misconduct?
Darryl's answer
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Answered on June 30, 2017
There are many facts that need to be considered to give a concrete answer. Some questions that I would have are what you mean by "manager". Is...
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