Archived
What legal entity (e.g., LLC, S-Corp or C-corp) is a typical trade school that teaches people how to become venture capitalists?
Toni's answer
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Answered on June 18, 2019
It depends on who will own the school, tax considerations, etc. If it's going to be owned by entities, rather than people, an S-corp is out. If...
Archived
I had an agreement with a former classmate of mine to help fund his start up business?
Toni's answer
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Answered on June 11, 2019
Depending on the amount at issue, you can take him to small claims court to get the return of your original investment. If the agreement was for...
Archived
Do I need to file Corporation Tax return?
Toni's answer
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Answered on June 11, 2019
You should address this question with your CPA. If there were losses, then you can claim those in both tax years. Since you waited until March,...
Archived
Would I qualify as a non-profit and what do I need to do to form a non-profit?
Toni's answer
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Answered on June 11, 2019
I couldn't agree more with Larry. This is a question best answered by attorneys with experience forming non-profits. Forming the non-profit is...
Archived
Do I have any rights as an employee who works for the state from receiving emails about monthly topics not work related.?
Toni's answer
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Answered on June 11, 2019
Your rights are to delete the emails and do your job. Pretty simple. It's an email, not a bomb.
Archived
Is it legal to help someone (for a fee) to start a business in a turn-key fashion? (Outlining all the steps necessary, etc.)
Toni's answer
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Answered on June 11, 2019
What you are describing is legal except for offering any legal advice. Your colleagues could be charged with the unauthorized practice of law if...
Archived
DOES A CALIFORNIA CORPORATION USING A DBA THAT USES THE SOLE STOCKHOLDER'S LAST NAME HAVE TO FILE A FICTITIOUS NAME STATEMENT?
Toni's answer
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Answered on June 11, 2019
Your question isn't entirely clear. If it's a corporation that shares the name of the founder and the DBA is also that person's surname, then no,...
Archived
Is Lawyer can sue me if I have an INC?
Toni's answer
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Answered on June 11, 2019
You should have a written Engagement or Retainer Agreement with the attorney that spells out your agreement re fees. It is required if the...
Archived
I'm in California and forming an LLC with a partner in Texas - do we need a foreign LLC if we incorporate in Texas?
Toni's answer
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Answered on June 11, 2019
Based on the facts as you've explained them, it would seem that you would not need a CA LLC. However, should you enter into any contracts here or...
Archived
Does a significant delay invalidate counterpart signing ? i received a signed counterpart after a year delay.
Toni's answer
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Answered on June 11, 2019
I agree with Stanley. You ratified the contract by fulfilling the terms. The counterpart is just the official signature. Without, the contract...