What happens when someone invests money on your business and business fails? are you responsible to pay person back?
Robert's answer
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Answered on May 28, 2010
You may be responsible. It depends almost entirely on how this was structured and if you followed the law. If this investment can be considered a...
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My husband is short tempered and he has also hit me several times. Is there any preemptive measure I could take for my safety?
Robert's answer
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Answered on May 28, 2010
I am sorry your situation and you should get assistance immediately. In Denver, contact the Safehouse http://www.safehouse-denver.org/.
You may...
Archived
Where do I get the Revocation of S Corp Status form?
Robert's answer
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Answered on May 28, 2010
Holding real property in a C corporation is pretty much the worst idea possible on a tax basis. You should talk with an attorney to discuss entity...
Archived
Was owner of business. Had investors give me money for new location. Used money to keep business open.
Robert's answer
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Answered on May 19, 2010
Depending on how these investments were structured, you should have some serious concerns about possible lawsuits by these investors. First off,...
Archived
I was 1 of a small group recently laid off, but no reason was given.
Robert's answer
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Answered on May 19, 2010
Sorry about the job loss. An employer can discriminate, they just cannot illegally discriminate. In employment illegal discrimination normally...
Archived
How do i remove my liability from a roommate?
Robert's answer
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Answered on May 19, 2010
The only way to limit your liability under the lease is by approval of the landlord. Once you signed you became what is termed “jointly and...
Archived
Is the statute of limitations expired on a breach of contract/fraud auto sale that took place in 2006?
Robert's answer
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Answered on May 19, 2010
The statute of limitations generally begins to run from the point that you knew or should have known about possible claims (such as breach of...
If i do not submit a demand letter for my deposit do i forfeit the opportunity to do so
Robert's answer
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Answered on May 19, 2010
Colorado law regarding security deposits is clear. The statute states that the landlord must provide a written statement to the tenant, in the time...
Can I be garnished even though I am making monthly payments?
Robert's answer
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Answered on May 14, 2010
You need to provide more facts. Are you saying that you were sued by a creditor, lost that suit (or defaulted) and are making payments on the debt?...
In selling your shares of a corporation, can you transfer personal guarantees on loans that aren't paid in full?
Robert's answer
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Answered on May 13, 2010
The guarantee is a contract, so that contract will need to be reviewed to determine your rights and obligations. As a general matter, however, most...
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