Archived
We own 3 rental properties, right now they are in our trust. if we created a LLC for them would they be safe from civil lawsui
Michael's answer
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Answered on October 24, 2019
If you are looking to protect the assets from exposure should you our your family members be sued, then you might consider the following.
Each...
Archived
Is my LLC liable for another LLC's debt?
Michael's answer
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Answered on October 03, 2019
IF you purchased the assets, then you do not owe. If you purchased the LLC itself, then you get the bad with the good. You may have a claim for...
Archived
I would like you to review a purchase contract for a new build home (that hasn't been contracted yet) that we are purchasing.
Michael's answer
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Answered on September 12, 2019
You should have your contract reviewed by counsel pronto given the date of proposed closing. In an hour or two during a consult, you can learn all...
Archived
New Owner wants to take over our LLC? Arizona
Michael's answer
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Answered on August 07, 2019
Let them buy the entirety of the LLC. With that, they buy not only the assets but also the liabilities thereby relieving you of both.
In any...
Who is responsible if title makes an error on closing docs and 1 party is short $?
Michael's answer
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Answered on August 06, 2019
It would seem the title company and all parties bear responsibility but the financial issue should be tended to by the drafter of the document; the...
How do I proceed if my car was stolen from my gated community complex?
Michael's answer
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Answered on August 05, 2019
This is a real estate lease question or one of the property association's by-laws. These documents should be brought to legal counsel for review. ...
Archived
Do I have reason for a law suit?
Michael's answer
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Answered on August 02, 2019
You may have an action for fraud in the inducement; meaning they lied to you to get you to sell it for what you sold it for. Also, given your age...
Archived
What can I do if my business partner took 25000 for 25% and never filed the LLC been 2 years now trying to fire me?
Michael's answer
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Answered on July 30, 2019
You need to have your contract reviewed by legal counsel and have a discussion as the same relates to the other affects of your situation. There...
Archived
Could someone clarify the “or is” section of this please?
Michael's answer
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Answered on July 16, 2019
The "or is" seems to be grammatically incorrect. It seems to try to mean "if something is, in fact, defective or if it is determined to be...
Archived
How do I file a lawsuit against the ymca in Phoenix !
Michael's answer
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Answered on July 08, 2019
You can file a lawsuit, but you have to prove damages to get money from the suit. You should probably simply find a different place for your...