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Can a LLC, whose only asset is a single piece of real estate, be dissolved in escrow and the funds be dispersed to shareholders?
Marty's answer
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Answered on December 18, 2012
For the escrow company to do what you would like them to do is not that difficult. Your LLC can give an escrow instruction to the escrow company...
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Looking to start a mobile application company in California. Should I do LLC or S-Corp?
Marty's answer
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Answered on December 18, 2012
Choosing the right entity for a new business requires more of a personal consultation with an attorney. There are many things to consider. Not...
Archived
I purchased a car from a private owner through an online ad. The ad mentioned a "Bumper to Bumper Extended Warranty" good for
Marty's answer
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Answered on December 18, 2012
I agree with the other lawyer’s answer. I think you have a pretty good claim that you did not get what you had contracted for. I would not only...
Archived
We have an LLC in California and there are four members, two married couples. One couple got divorced and the husband gave the
Marty's answer
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Answered on December 18, 2012
I know that you are in California, but is it a California LLC? This is one reason we don't recomend CA LLCs, even for our California clients.
Archived
Should I sue my friend for my money back in small claims or regular civil court?
Marty's answer
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Answered on December 18, 2012
Based on your use of the word "friend" i would tell you not to sue him at all. The amount of funds you are talking about are relatively small...
Archived
If my employer fires me before I retire can I still draw my pension benefits if I have 20 years vested as a government employee?
Marty's answer
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Answered on December 18, 2012
Contact the LA bar and look for an employment lawyer. You should do this sooner rather than latter. Most wont charge you a consultation fee.
If I sign a contract and the other party receives it by mail, can I cancel it before the other party signs it? If so, how?
Marty's answer
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Answered on December 18, 2012
Generally speaking a contract is valid when both parties sign the contract. However there are exceptions to the general rule. For example when...
Archived
When is the best time to form a company?
Marty's answer
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Answered on December 18, 2012
I agree with all of the lawyers that recommend you set up an entity now. I want to caution you against doing this yourself. While it is very easy...
Our small independent church is closing and has IRS and business questions.
Marty's answer
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Answered on December 18, 2012
Sounds like you are on the right track. Basically after paying all of your expenses you need to disperse your funds either to the IRS and the FTB...
Archived
My dad recently past away and his girlfriend has the will. When do my sister and I get to read the will. how long do i wait for
Marty's answer
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Answered on December 18, 2012
The Will will likely have to be probated if there is more than $150,000 in probatable assets or more than $50,000 of real estate. But the probate...
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