The problem we are facing is which business entity will serve us best and why might you suggest that?

Your best bet would be to set up a corporation as you would very likely need external cash infusion soon. Your case is the typical scenario of...

Selected as the best answer

Yes, your brother may become a 'partner' in the California corporation by becoming its shareholder, director and/or officer. To do so, you will...

Can I have a binding contract?

Yes, such a contract could be prepared to make your brother liable equally on the loan. In case of a default, you will have to sue to recover 50%...

How legal is a terms of service?

Yes, you could hold users accountable for breaching the ToS since it is a binding legal contract between both parties. There is no one specific...

Depending on the stage of your business, you will need to prepare various corporate/legal documents to memorialize the investment, ownership...

Pardoning with a founding member of a start up

As my fellow lawyers have pointed out, there are potential claims against the company and/or you. A practical way forward is to consult a lawyer...

When buying a small business can I be held liable for a previous owner if I'm just purchasing the assets?

Typically in an 'asset purchase', most agreements will specifically exclude all liabilities except for specific liabilities that the buyer...

Non resident Indian whether can open Company in NY and start trading business?

Generally, non-resident Indians may open companies but whether or not they could earn any income from such companies is primarily driven by...

As pointed by my fellow lawyers, while you can register two separate DBAs for doing businesses, they are nothing but an extension of your...

Yes, it is possible to open a separate bank account for a DBA so long as you register the DBA with the local county and provide that paperwork to...