Can a corporation buy a sole proprietorship and give that sole proprietorship legal protection? If not, what entity can?
Michael's answer
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Answered on September 06, 2013
First, you'll want an attorney to properly document this for you.
If you do an asset purchase agreement properly, the assets are acquired by the...
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I stated in writing no calls or letters are be done without my approval-now she charges me $595. to withdraw from case - Legal?
Michael's answer
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Answered on July 31, 2012
For heaven's sake. Once you terminated her, she still had to (a) confirm that you were not being prejudiced by here withdrawal, address any issues...
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If we were solicited to invest in a private corporation repeatedly and the President CEO is not acting as a fiduciary--recourse?
Michael's answer
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Answered on July 24, 2012
First, since you describe a corporation and a K-1, I speculate that you are shareholders in a sub chapter S corporation, rather than a partnership...
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Question regarding extortion while questioning employee suspected of embezzlement
Michael's answer
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Answered on July 12, 2012
In California, threatening to go to law enforcement to secure an admission in a civil matter may be considered extortion. For attorneys it is a...
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How are shareholders protected from a lawsuit if they are sued along with a corporation they invested in?
Michael's answer
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Answered on July 12, 2012
Without having seen the complaint, this is difficult to answer. Please understand that everyone who is sued will usually say they did nothing...
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Pros and Cons in JSC if i own less than 20%? If a company is losing $ and CEO decides to sell shares, will my share % decrease?
Michael's answer
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Answered on July 10, 2012
The question is about your percentage, so whether or not the company is losing money is irrelevant.
If the CEO is selling shares previously...
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What should i do?
Michael's answer
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Answered on July 10, 2012
I am with Hillary here.
1. Cancel the charge with the credit card company.
2. If the woman who signed the contract is the same one who...
Are retrospective employment contracts legal?
Michael's answer
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Answered on July 09, 2012
No. That is not enforceable. Depending on your agreement, the "employer" may be able to offer you a prospective contract and terminate your...
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Business organization
Michael's answer
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Answered on July 09, 2012
Your question has some issues.
First, let me give you the simple and easy way out. Call your creditors and negotiate with them now. Assuming...
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I accidently underreported assets by mistake on fasfa. If I correct fasfa now, will I still get in trouble?
Michael's answer
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Answered on July 09, 2012
There are a lot of issues here which are unstated.
1. How significant was the error? If it was not material, it would likely not be an issue. ...