Can a 50/50 business partner withdraw $6000.00 and put into an account that the other partner has no access to and did not know
Dana's answer
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Answered on January 14, 2014
The action you have described likely constitutes some combination of breach of fiduciary duty, embezzlement, and other business torts.
You...
Can a doctor on H1B visa start/own LLC to provide Medical services
Dana's answer
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Answered on January 14, 2014
The problem with your desired activity is that while forming the LLC is OK (leaving aside issues related to which types of entities may engage in...
Archived
Can I take action against a co borrower of an automobile for non payment
Dana's answer
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Answered on January 14, 2014
Yes, you can bring suit against your son to recover any damages you have suffered.
However, if he has no or little money, such a suit will be of...
On an LLC, two managers having 50/50 listed as managers, can one take the other off LLC with out consent or knowledge...
Dana's answer
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Answered on January 14, 2014
While the answer to your question probably is "No", you should retain a business litigator to analyze the relevant documents and facts and advise...
Archived
What type of insurances should i have?
Dana's answer
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Answered on January 14, 2014
At the least, you should have commercial general liability insurance.
I agree with my colleagues that you should work with an insurance broker....
Archived
Promissory note (2nd amendement) signed in 11/4/2013 for repayment of 16000 due 12/10/2013. borrower defaulted.
Dana's answer
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Answered on January 14, 2014
You need to have a business lawyer analyze the relevant documents and facts, then advise you concerning your rights and the best way to...
Archived
How do I collect for work done to improve a property as well as being the property manager
for a period of 4 years.
Dana's answer
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Answered on January 14, 2014
Take the contract to, and discuss the relevant facts with, a business litigator, who then can advise you concerning your rights and the best way to...
Archived
I'm considering a personal loan to a family member that has his own business. He informed me that the loan can be secured ,
Dana's answer
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Answered on January 14, 2014
As a general proposition, the more assets that secure the loan, the better.
I agree with my colleague that you should have a business lawyer...
Archived
Can a corporation ethically make charitable contributions from corporate funds without the board of directors being challenged s
Dana's answer
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Answered on January 14, 2014
It is easy to imagine situations where a charitable donation is in the best interests of the corporation (promoting its business, directly or...
Archived
Can I be W2 employee, officer, director in company in which I am 50% shareholder, while working for another company?
Dana's answer
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Answered on January 13, 2014
A lawyer would need to analyze the relevant documents and facts to render a definitive opinion.
It is not possible to do so based solely on the...
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