Archived
My brother and I formed an S corporation. Now my brother try to take control of the whole corporation. I want out.
Richard's answer
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Answered on August 31, 2015
This can get very messy, very fast. Did you enter into a shareholder agreement with your brother? If not, then did you enter into bylaws for the...
Archived
Is this legal?
Richard's answer
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Answered on August 31, 2015
Very cool of you. Yes, it's legal to give a gift. Enjoy the smiles you'll receive.
Oh, there's no tax deduction available if you give the...
Archived
If llc is suspended. does the manager
Richard's answer
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Answered on August 31, 2015
The manager is still obligated to manager the LLC. The LLC must still pay the $800 annual fee.
Archived
I own 16% of a small business.
Richard's answer
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Answered on August 31, 2015
This is a bad situation to be in. As a minority-percentage owner, you don't have many rights. You'll have to review the operating agreement, but...
Can the tenants process "rent withhold remedy" legally in this case? Should i fight against them?
Richard's answer
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Answered on August 31, 2015
Rent withholding requires very specific circumstances affecting the habitability of the rental unit after giving written notice to the landlord of...
Selected as the best answer
Archived
A flood from my upstairs neighbors caused Mold
Richard's answer
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Answered on August 31, 2015
Mold is everywhere. It's in the air that you and I are breathing right now. Most mold is not harmful.
This isn't professional negligence...
Archived
Is my issue considered "professional Negligence"?
Richard's answer
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Answered on August 31, 2015
It's called premises liability. Your case is like a slip and fall.
Can my former business partner sue me because I took out 50% of our earnings on our last project when we have 50/50 in an LLC?
Richard's answer
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Answered on August 31, 2015
You may have wrongfully withdrawn funds that you were not entitled to. The biggest issue that I see with co-owners of a business is failure to...
Archived
How do you serve a subpoena to a business if they do not have a listed address?
Richard's answer
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Answered on August 31, 2015
Hire a registered process server to handle this for you. They have all kinds of ways to serve defendants.
Archived
How should a foreclosed property be handled in a divorce? My wife had placed a lien on the home, so that I couldn't sell it.
Richard's answer
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Answered on August 31, 2015
I understand you to be worried about the income tax consequences of the cancellation of indebtedness income. There is an exclusion for...
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