Questions answered by Michael Leo Potter

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Planing to open a business in Il. under a LLC. financing will be on credit cards. Will my debt be covered under a bankruptcy?

Michael's answer | Answered on April 02, 2013

Normally business liabilities of the business don't go through to the LLC Members. However, that may not be the case if you are a personal...

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In a Joint Tenant situation, if while both parties are alive the state seizes the property & declares it state property.

Michael's answer | Answered on April 02, 2013

Your question doesn't state whether the property in question is real estate or not. If the controversy arose during the life of one of the joint...

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What the hell is the Orphans Court , FAIRFAX CO VIRGINIA?

Michael's answer | Answered on April 02, 2013

In the Old Days (before MTV) many states had one single court for both Probate and Family Law matters. Modernly, MOST states (but not all probably)...

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Can you charge back employees for damage they create while working?

Michael's answer | Answered on April 02, 2013

As the business owner you assume a certain percentage of liability for the activities of your employees. Whether or not they can be charged for...

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Can my company be released from liability for damage that occurred, if I had another company perform the service?

Michael's answer | Answered on April 02, 2013

Yes BUT - I'd recommend you have a Business Law attorney either draft the document or look it over to make sure there are no hidden booby traps for...

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Co-owners (breeders) did not fulfill terms of dog ownership contract. Is this contract now void?

Michael's answer | Answered on April 02, 2013

Breach of a contract does not in itself Void the contract. However, the contract can be enforced such that if one of parties did not live up to...

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My mother in-law created a life estate for her home and placed her two daughters on the deed of the home. she still appears on

Michael's answer | Answered on April 02, 2013

The percentage of ownership interests will play into her Medicaid eligibility. And the "timing" of any deed will also play into it. Each State...

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I need a business plan

Michael's answer | Answered on April 02, 2013

Your facts don't state a Legal Question. You may want to start with a Business Law attorney in Fort Worth. Look on Avvo.Com under Find-A-Lawyer. ...

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I am the sole owner of an S Corp business. I want to add my husband, but give him the majority of the shares. How?

Michael's answer | Answered on April 02, 2013

There are a couple of ways to go. He can 'earn' his percentage of ownership by performing services. He can contribute capital (money) to the...

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Does Buyers Remorse apply in Arizona after putting a holding deposit & signing an agreement less than 24 hrs ago?

Michael's answer | Answered on April 02, 2013

Many states have a 3-day Right to Rescind but not all. It typically applies to certain kinds of goods and services. I'd recommend you speak with a...

Michael Leo Potter's Answers (5702)

Planing to open a business in Il. under a LLC. financing will be on credit cards. Will my debt be covered under a bankruptcy?

In a Joint Tenant situation, if while both parties are alive the state seizes the property & declares it state property.

What the hell is the Orphans Court , FAIRFAX CO VIRGINIA?

Can you charge back employees for damage they create while working?

Can my company be released from liability for damage that occurred, if I had another company perform the service?

Co-owners (breeders) did not fulfill terms of dog ownership contract. Is this contract now void?

My mother in-law created a life estate for her home and placed her two daughters on the deed of the home. she still appears on

I need a business plan

I am the sole owner of an S Corp business. I want to add my husband, but give him the majority of the shares. How?

Does Buyers Remorse apply in Arizona after putting a holding deposit & signing an agreement less than 24 hrs ago?