What precautioins must a lawyer take if he represents both parties of a prenuptial agreement

First of all, I completely agree with attorney Reed. Representing two parties in the same agreement of any kind presents an acutal conflict of...

Can I open LLC to do income tax and insurance without having the income tax and insurance licenses myself?

You cannot have an insurance business or tax preparers business if you are not licensed for that business. Your best bet is to lease office space...

Forming an LLC with a friend & she is possibly getting a divorce. She will have 51% of interest in LLC. Will this protect us?

YOU will probably not be protected (forget about this "us" concept). Her husband will have a community property interest in her membership...

What should i do when i have forgotten to report my rental income on my tax return?

You should file amended returns on IRS form 1040X and California form 540X. This is not a criminal problem, only a civil problem. You may be...

Suspended religious non profit organization for last several years. What could be the consequences.

You have an extremely difficult problem because religious organizations are afforded more protection from governmental scrutiny based on the first...

As a managing 50/50 member of an LLC - can we do Independent Contract work for the LLC?

Yes. You should amend the operating agreement to provide for this arrangement with a written agreement with the "alternate business." The party...

You can do either. The deposition will proceed more efficiently if you provide the documents in advance, but this might not be in your best...

Are salaries legally required for startup cofounders?

An operating agreement can be drafted like partnership agreement corporate bylaws because a LLC can be formed as either entity. There is no...

Are salaries legally required for startup cofounders?

An operating agreement can be drafted like partnership agreement corporate bylaws because a LLC can be formed as either entity. There is no...

Selected as the best answer

The easiest way is to withdraw from the parnership and record the withdrawal with the county recorder in he county where the partnership does...