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50/50 S Corporation. Dissolution. One party attorney moved Corporate funds to his trust account. Is it legal?
Peter's answer
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Answered on February 05, 2014
I agree with the other answers you have been provided, and particularly the need to consult with an attorney locally asap. The facts you relate...
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Can I have an S corporation take out debt at the entity level, or do I take it out as a SH and give a loan to the S corp?
Peter's answer
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Answered on February 05, 2014
You have been given several excellent answers and information. I suggest that you speak with your company's accountant, or with a local...
What are the legal responsibilities for a signer on a LLC corporation account?
Peter's answer
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Answered on February 05, 2014
Attorneys Smith and Natoli offer excellent responses. Taking on the responsibility as a signer on the company's accounts does subject you to...
Who can sign as incorporator on California form ARTS-GS?
Peter's answer
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Answered on February 05, 2014
Mr. Doland and Mr. Pham are right on with their responses. The "Incorporator" is not necessarily and not typically someone that will be involved...
Will my case win in small claims court? Un-smogged private used car sale dispute over paying to get vehicle up to smog standards
Peter's answer
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Answered on January 13, 2014
Small claims hearings are usually handled by experienced attorneys sitting as temporary judges, and because of the nature of the disputes, they...
Archived
Are the managers of LLC personally liable if issues occur while LLC is suspended?
Peter's answer
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Answered on January 13, 2014
I join with the the other attorneys' responses as to the need for more information to respond to your question, and it is something you should...
Archived
I just added a corporate officer to my corporation. Can a corporate officer apply for corporate credit?
Peter's answer
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Answered on November 14, 2013
I agree with Mr. Rhett, particularly as to the practices by reputable banks. Holding a corporate office alone is not generally sufficient for a...
Archived
Dissolving a Joint Partnership agreement (due to possible breach of contract and threats)
Peter's answer
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Answered on October 02, 2013
I agree with my colleagues Patel and Schulz as to the situation. Much depends on how formally you two 'organized' the joint venture/partnership as...
Archived
Corporate continuity
Peter's answer
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Answered on September 19, 2013
You have excellent and well-reasoned responses from my colleagues Mr. Doland and Mr. Shultz, who are well respected contributors to Avvo.
It...
Archived
Do I have a case against my partner who sold a property (owned together 20 yrs.) and he took 2/3 of the profit?
Peter's answer
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Answered on September 13, 2013
I agree with my colleagues that you may have breach of fiduciary duty claims against your former partner, but I also cannot make much out of the...
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