Either you have a valid contact or you don’t. A contract is binding if it has the elements of a contract. A contract does not need to be notarized...

I have a commercial tenants who fell 2 months behind last Jan/Feb. What do I do?

You really only have two choices. Either continue as you have been doing or you exercise the default remedy under the lease. Given the timeframe at...

We are an "S" Corp wishing to convert to a "C" Corp. Would converting to an LLC Corp be a better idea?

If you do have funding interested, then you may want to convert to a C-Corp. It is fairly simple check-the-box action. Moreover, VCs normally avoid...

I need advice on promissory note.

It sounds like you have an oral agreement about this loan so that is generally binding even if you do not sign a written promissory note. You...

When a business is a proprietorship there are certain liabilities you expose yourself to. Can a waiver obsolve of most claims?

Asset protection should involve a number of strategies to provide the most safety for your personal assets. Ideally you should have waivers and...

You need to speak with a local debtor rights and bankruptcy attorney. Your options depend on many more facts and review of the debts, judgments,...

Are there any claims or precendents for female small business owners being coerced or intimidated by male run propery owners?

Your relationship is landlord tenant. Your rights are established in the lease and you are not in a joint venture or other business relationship...

Review the partnership agreement and follow the terms on dissolution and file with the state authorities, if necessary. If you have no written...

I recently moved into a new apartment with intent to sign a lease.

The tenant who signed is responsible entirely for the lease regardless if you signed or not. As to you not signing, that may not matter. If the...

Lease expires in 30 days. We had a verbal agreement to stay. Is a verbal lease agreement binding in Illinois? He wants me out.

Never enter an oral agreement (what people incorrectly term a verbal agreement). While an oral contract may be binding, oral contracts are, as the...