Is a verbal agreement binding

Yes, a verbal agreement is binding in many circumstances unless the Statute of Frauds requires the agreement be in writing. I recommend that you...

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Business organization

The question is what is the best entity for your business? The answer to that question depends on many facts and factors and cannot be adequately...

How are shareholders protected from a lawsuit if they are sued along with a corporation they invested in?

Whenever you are sued, it is a good idea to hire an attorney. You can try calling up the Plaintiff and asking him to dismiss you from the...

I am a sole proprietor of a small engineering firm with over 30 yrs. of experience and with all credentials, see comments bellow

I have had several clients with this same problem. Unfortunately there are individuals who hide behind the anonymity of the Internet and libel...

Can i refuse to sell my car after i have received a deposit?

It is not criminal violation to breach a contract. In that sense it is not against the law. But, the law says that when you breach a contract the...

I just got a convertible note for my new business and would like to know if as the founder, I still need to value the business

You are dealing with complicated issues including tax issues, corporate control issues, intellectural property issues, confidentiality issues, and...

I put an deposit on an vehicle yet the owner sold to someones later for higher price , can i suit him for damages ..

Yes, if you had an agreement and the seller breached the Agreement and you are damages. If you bought another car and paid more for a similar car...

A lawyer has a fiduciary duty to a client to provide legal services in the best interests of the client and has a right to be paid for his or her...

What should I do to add an officer to close corp in California?

Officers are appointed by directors, You simply need to hold a directors' meeting and appoint officers. Draft minutes of the meeting and put them...

What is required to have 2 members withdraw from 4 member LLC and remaining members retain trademark & trade secrets?

There is no set procedure for members to withdraw. It is a matter of negotiation. The best course is probably to buy out their interests. In any...