I am 49% owner in sub S with wife for 16 years. she is 51% for purpose of minority owned status. Can I be at risk?

Unless you have a shareholder agreement that would allow the majority to owner to get your interest through some specified mechanism, your wife...

Is the signer of a promissory required to pay if loan amount was not given to signer and note was transferred to another party?

A note can always be assigned. That does not impact the lender's rights for repayment. The question is whether there are formation or enforcement...

Is a contract void if you signed as a divorced person and the contract says you were and you were not?

It is not void and likely not even voidable. A void contract is one that is illegal. So if someone agreed to give $1,000 to kill another person,...

How do i find out if my car debt is still on the banks books? and not charged off as bad debt. covered by their insurance

Writing off bad debt is merely an accounting measure for the original creditor. It does not mean that your obligation for that debt has...

In starting an LLC, does the % of ownership impact anything other than who gets what when company sold, and $ liable when sued?

Both of my colleagues provided excellent answers. I will just add, as was noted, the critical importance on entity selection and then having an...

No. This is a minor error and is rather common. Speak with a construction attorney about valid defenses.

I am getting 25k to start up a business. What is a fair interest rate to pay?

This posts throws up so many red flags I don't know where to start. The last thing you should be thinking about is the interest. The person giving...

Should I get insurance?

Insurance you purchase now will not cover the costs for the prior accident. You and your friend should be prepared for a demand or a lawsuit by the...

I would definitely speak with an attorney if they file a lien. If they abandoned the project as you claim (and I hope you have confirmed this in...

Should I sue??

You are best off settling. Unless (which I doubt) there is an arbitration clause that provides venue where you are located, you will have to file...