Questions answered by Michael Leo Potter

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What should I know about accepting phantom equity as a part-time employee?

Michael's answer | Answered on September 12, 2012

I am curious about the term 'phantom' equity. Either you are earning shares in the company or not. If you are, then your written agreement will...

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National Jewelry Store Chain sold me a lemon of a ring and I can't do anything about it?

Michael's answer | Answered on September 12, 2012

You can get relief by taking this Jeweler to court. Site down with a Litigation Attorney in the Sacramento area that you can find here on Avvo. ...

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I'm buying a small business, how can I know the paperwork is legitimate?

Michael's answer | Answered on September 12, 2012

I agree with the advice you've been given. You want to proceed with a clear head and with transparency in this arrangement. Having CPA / Attorney...

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Signed a commercial lease. It has been more than two months, but owners still didn't fix some major problems. Don't want to pay

Michael's answer | Answered on September 12, 2012

A commercial real estate lease is a contractual OBLIGATION on both sides. The other side expects you to keep your part of the bargain and you have...

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Website claims you can buy verifiable community service hours on the up-and-up. Too good to be true?

Michael's answer | Answered on September 12, 2012

Paying someone else to do your Community Service is pathetic. Step up to your obligation, do your Community Service hours as expected, and be DONE...

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My sister and I have Power of Attorney for our mother, who is in nursing home, and is not expected to live much longer. She owns

Michael's answer | Answered on September 12, 2012

If your mother is in a nursing home, Medicaid directly impacts the disposition of the home - as Medicaid expects to be paid back for the $$$ it is...

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What rights do buyers have when sellers of homes do not meet contractual obligations? Can I demand payment for inspections,etc?

Michael's answer | Answered on September 12, 2012

Andrew's answer is very good. I concur - and recommend you meet with a Real Estate Attorney right away to sort out your best options and to make...

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Is a family member legally responsible for the care of an elderly family member?

Michael's answer | Answered on September 12, 2012

She is likely eligible for Medicaid, which would pay for the cost of her nursing home care. Have an Estate Planning attorney assist you (and other...

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How can I fight a civil lawsuit against my company when the plaintiff was not my customer and does not have a contract?

Michael's answer | Answered on September 11, 2012

You can answer the lawsuit - and possibly file a counter-claim. The plaintiff did not do business with you or your company. If you only bought...

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Unchangeable LLC percentage ownership?

Michael's answer | Answered on September 11, 2012

The short answer is YES. However, you'll want to have your Business Attorney review and/or Amend the LLC Operating Agreement so that it is...

Michael Leo Potter's Answers (5702)

What should I know about accepting phantom equity as a part-time employee?

National Jewelry Store Chain sold me a lemon of a ring and I can't do anything about it?

I'm buying a small business, how can I know the paperwork is legitimate?

Signed a commercial lease. It has been more than two months, but owners still didn't fix some major problems. Don't want to pay

Website claims you can buy verifiable community service hours on the up-and-up. Too good to be true?

My sister and I have Power of Attorney for our mother, who is in nursing home, and is not expected to live much longer. She owns

What rights do buyers have when sellers of homes do not meet contractual obligations? Can I demand payment for inspections,etc?

Is a family member legally responsible for the care of an elderly family member?

How can I fight a civil lawsuit against my company when the plaintiff was not my customer and does not have a contract?

Unchangeable LLC percentage ownership?