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Small 3 employee corp in Phoenix, AZ & need some guidance revising our bylaws ect for VOSB verification. Do we need a lawyer?
Michael's answer
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Answered on October 14, 2014
In addition to wording things "correctly", there needs to be an understanding of the functionality of the words used and a lot of procedural "i"...
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Does establishing an LLC for a residential rental property limit personal liability for owner if a tenant litigates?
Michael's answer
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Answered on October 14, 2014
OR...You can discuss a better way to protect this and all of your other assets through various LLC, partnerships, limited partnerships, and/or...
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Should I file a police report if documents have been stolen from my file box?(like Wills and death certificates)
Michael's answer
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Answered on October 09, 2014
Anytime something is stolen, a record should be made with the authorities; regardless of whether or not the items stolen were documents or your...
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In AZ, is a contract signed by an administratively dissolved corporate enforceable (corporation was later reinstated)?
Michael's answer
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Answered on October 09, 2014
Under Arizona law, your written contract will bind the parties. However, under Arizona law, if one part of such a contract is overreaching or...
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If I was gifted a business and am now the sole owner can I sell the business if it is failing?
Michael's answer
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Answered on October 09, 2014
Assuming you own the business, you can sell what you own. As stated earlier, there may be some hidden liabilities (or some liabilities you are...
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I WANT TO ADD A NEW NAME UNDER THE LLC WITH ITS OWN EIN AND BANK INFORMATION,AND WITHOUT AFFECTING MY PERSONAL LIABILITY????
Michael's answer
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Answered on September 29, 2014
The concern that I see is the absence of discussion regarding asset protection. You might strongly consider speaking with an attorney about the...
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What kind of company filing should I do if I want to sell Jordan shoes as well as have a game customers can play to win Jordans?
Michael's answer
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Answered on September 29, 2014
Having a business that sells goods is pretty standard fare. Your local business lawyer can help you with that.
Having a business that runs of...
Who owns my business? Incorporator or statutory agent?
Michael's answer
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Answered on September 29, 2014
To ensure that a business entity is ACTUALLY owned by the purported owners, one should have stock shares and certificates issued. One should also...
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What is the best/simplest way to set up an LLC/LLC's for running multiple businesses both on and offline?
Michael's answer
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Answered on September 29, 2014
Mixing liabilities into the same LLC is not a wise idea. Example: If you make 80% of your income from one business venture, and it has very little...
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Just how much can we be held liable above what our insurance pays in an auto accident? Could they come after us?
Michael's answer
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Answered on June 20, 2014
If you have applicable insurance coverage, the insurance will pay the coverage limit. Any excess judgment would be your responsibility. Of...
