First, unless they have a judgment against you or you granted a security interest to them in the other equipment, they can't come in and confiscate...

A family member of mine and i inherited my fathers established small business that we were part of also. i want out.....

There are a lot of circumstances that could exist that you have not described which could impact the situation. However, let me mention a few ways....

Partnership/Sole Proprietor Registration and Tax Benefits

It has likely been a partnership under stated and federal tax law since April, 2008. If so, it should be filing a partnership tax return for that...

Promissory notes between us and canada

Partial payments will reduce the amount of liability under the note. The note would have to be reviewed to determine if it has choice of law and...

Selling my business

The legal relationship between you and the buyer is presumably evidenced by your purchase agreement. Since the buyer didn't assume the lease,...

Transfer from individuals to LLC

Another issue to consider if you have a mortgage(s) on the property is whether the transfer will trigger a due on sale clause. You may have to get...

Contract's waiver of moral rights

I believe it is the European concept for rights of copyright to the article and may include rights of attrubution in which you would be identified...

Personal bankrupcy affect on LLC business.

Your ownership interest in the LLC should be part of the bankruptcy estate, which are the assets generally available for creditors. Your bankruptcy...

Business License

You can practice in the form of a sole proprietorship, partnership, limited liability company, or corporation in Colorado. The insurance...

Business ownership

It depends on whether you or your husband are operating the business. If he is, I would try to get cash for your interest in the divorce...