How can you phase out a sm business without going bankrupt? Having a sba loan being government how can I take care of it?

You say you have a corporation. Did the lender require you to personally guarantee the loans? This is very common. Your options are really one...

Mr. Leroi, as usual, has provided excellent advice and you should heed that advice. As he noted, yes they can sue. The condo being paid in full...

How bad is sell my part in a partnership when my partner doesn't want to buy or sell her part and a third person wants to buy.

You say this is a partnership. Do you two, instead, have a corporation or an LLC? Do you have an written owner agreement (partnership, shareholder,...

Original agreement was to dissolve our LLC, now 2 of the 3 will not sign paperwork to that agreement, can I continue anyway?

The first place to look is your written operating agreement. That should have made the dissolution process clear. Normally, this is done through a...

I have had to close my small business. I owe money to vendors. And they are threatening to take me to small claims.

Were you a sole proprietor or was this business through an entity (corporation, LLC, so on)? If an entity, did you personally guarantee obligations...

How can I get my inititial investment back from my friends online dating company?

You said you made an investment. Did you get company equity for this investment? Were you, instead issued a promissory note? If a note, was that...

You need to hire a local attorney to review the operating agreement. In most states, an LLC member is free to leave at their discretion with no...

Is there a time limit from the time a loan agreement is signed 'til it is perfected? Lender trying to collect 16 years later...

Perfection is not related to collection. Perfection relates to rights under Article 9. Even if they fail to perfect that does not, by itself, mean...

Enforceability of breached letter of intent regarding a trade/import/export agreement?

As accurately noted, an attorney would have to review the letter to give you advice. Other than experienced attorneys, most people don't understand...

Is it normal to include a professional liability clause in a freelance game writing contract? Is it enforceable?

This is fairly common and this term is enforceable. Only you can decide if this is acceptable as that depends on the risk of liability and your...