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LLCs as "shell companies" where I am the only member of an LLC that in turn is the only member of another LLC doing the business
Dana's answer
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Answered on January 27, 2013
It strikes me that it would be better to have one LLC plus lots of insurance (commercial general liability plus whatever additional insurance is...
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Is confidentiality or non-disclosure agreement valid if signed with the party residing outside the USA ?
Dana's answer
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Answered on January 25, 2013
The fact that one of the parties is outside the US does not affect the validity of the agreement.
However, enforcing the agreement - in the...
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Looking for guidance on Legal Structure/agreement with foreign company
Dana's answer
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Answered on January 23, 2013
Having helped several clients with similar agreements, I will offer the following comments:
1. Given that your corporation will collect the...
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Used an office for 3 months in CA for my business with LL's knowledge. No lease ever signed. How much do I owe the LL?
Dana's answer
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Answered on January 22, 2013
Given that you had the benefit of using the space for three months, you should pay an appropriate amount for such usage. The landlord's having...
I signed a promissory note to work with IT company. It stated if i break the contract before a year , i will have to pay $10,000
Dana's answer
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Answered on January 22, 2013
I agree with my colleagues that you need to retain a lawyer to review the applicable documents and facts and advise you. One of the fundamental...
How do I legally acquire co-founder status or add a co-founder to a corporation that already has 2 co-founders and Founder agre?
Dana's answer
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Answered on January 22, 2013
I agree with Mr. Doland. The term "co-founder" has little or no significance in this context.
What you apparently want to do is to associate...
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What does the clause "the oral contract is pleaded according to its legal effect" mean? What has to be stated to meet the above
Dana's answer
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Answered on January 22, 2013
I agree with Mr. Pham and will add the following.
Based on the Avvo Q & A at the link below, it appears that the quoted language comes from...
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I am a majority share holder of an s corp (85% in CA) 10% share holder is asking for Salary information is he entitled to it?
Dana's answer
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Answered on January 20, 2013
A shareholder is entitled to inspect the corporation's accounting books and records - please see the post at the link below.
I expect that you...
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How do you specify multi-member status when filing articles of incorporation in California?
Dana's answer
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Answered on January 20, 2013
I agree with my colleagues:
The Articles of Organization discuss management but not the number of members.
The Operating Agreement will...
Archived
About to buy a business, how do find out they have no claims against them? Law suits? ect...
Dana's answer
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Answered on January 20, 2013
I agree with my colleagues.
While it is possible to try to research whether the business is subject to any administrative or legal claims, you...
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