Can parties enter into an agreement to change a prior unsecured loan agreement to a secured loan agreement?

Yes, the parties can enter into a new agreement that replaces an old agreement with respect to which the payor is in default. You should retain...

If the LLC has an Operating Agreement (OA), then the OA should specify how amounts are debited and credited to the members' respective capital...

Is a partner disassociated from a general partnership if he stops showing up for work for good?

The circumstances under which a parenter may dissociate from a general partnership are set forth in Corporations Code Section 16601...

Yes, a (suitably knowledgeable) lawyer in CA can form a NY LLC for a (new or pre-existing) client, wherever that client resides.

A bank can decide which services it will provide to account holders and which services (if any) it will provide to non-account holders. I am not...

Can a Power of Attorney stop liquidation process to end a general partnership?

A Partnership Dissolution Agreement is not required. Corporations Code Section 16801(1)...

Indie Game dev with 1 friend, splitting 50-50 profits, what documents should we have?

There is a subtle but significant potential risk associated with the course of action you have described. Under CA law (I'm not sure about NC...

Suspended status has significant implications, such as the corporation not being able to file or defend a lawsuit. However, suspended status...

I'm part of a small startup company in New York and moved to California. Why can't I work fulltime and have benefits?

There is no provision of California law that prohibits a CA resident from working full-time, with benefits, for a NY company. If the founder's...

Can my California based ex-employer claim ownership of a product I developed in my spare time?

If you developed the UK product on your own time AND you did not use any any of your ex-employer's resources or trade secret information, then your...