Questions answered by Dana Howard Shultz

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Can one buy a California business with a non-compete obligation?

Dana's answer | Answered on November 16, 2012

My colleagues' answers are somewhat correct but somewhat misleading. If the seller were the owner of a legal entity (partnership, LLC or...

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DOES AN EX-OFFICER HAVE RIGHTS TO TAX AND BANK RECORDS FOR A DISSOLVED CORPORATION IN THE STATE OF CALIFORNIA.

Dana's answer | Answered on November 16, 2012

While directors and shareholders (please see the post at the link below) have rights to inspect and copy corporate records, I know of no comparable...

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Using a wyoming LLC to hold interest in an Oregon LLC of apartment complex

Dana's answer | Answered on November 16, 2012

Expanding upon Mr. Doland's answer (with which I agree): You probably will get better answers by re-posting this question under Oregon, rather...

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Can gas company shut off gas due to a bill from a previous address?

Dana's answer | Answered on November 15, 2012

Yes (I agree with my colleagues).

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Can I include a Full Release of Liability, Hold Harmless & Confidentiality Agreement in one document?

Dana's answer | Answered on November 14, 2012

Parties may include in a single agreement whichever provisions the agree should be included. Whether you can do so yourself in a way that...

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F-1 student trying to open an exporting business in the US. How?

Dana's answer | Answered on November 14, 2012

As my colleagues have noted, you need an immigration lawyer to help you obtain a work visa. In addition, you will need a business lawyer to form...

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Can i add a shareholder to my company anytime without his/her consent?

Dana's answer | Answered on November 14, 2012

You appear to have asked two different questions. Title question: The trivial answer is "yes", in that, in theory, one could grant shares to an...

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WE ARE A C CORP IN CALIFORNIA WANTING TO CLOSE. WE WANT TO MITIGATE THE 2012 TAXES-WITH A CREATIVE TRUST TAX PLAN

Dana's answer | Answered on November 13, 2012

You probably should discuss this matter first with a qualified tax advisor. Once you and the tax advisor agree on the best approach, a lawyer can...

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I was an officer of a corporation, now I see that the business belongs to someone else.

Dana's answer | Answered on November 13, 2012

I agree with my colleagues: An officer has no notice or approval right concerning transfer of shares from one shareholder to another.

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Can I convert s-corp to sole proprietorship after I obtain 100% interest?

Dana's answer | Answered on November 13, 2012

I agree with my colleagues. Once you own 100% of the shares, there are various ways you can move the business from the corporation to yourself...

Dana Howard Shultz's Answers (5175)

Can one buy a California business with a non-compete obligation?

DOES AN EX-OFFICER HAVE RIGHTS TO TAX AND BANK RECORDS FOR A DISSOLVED CORPORATION IN THE STATE OF CALIFORNIA.

Using a wyoming LLC to hold interest in an Oregon LLC of apartment complex

Can gas company shut off gas due to a bill from a previous address?

Can I include a Full Release of Liability, Hold Harmless & Confidentiality Agreement in one document?

F-1 student trying to open an exporting business in the US. How?

Can i add a shareholder to my company anytime without his/her consent?

WE ARE A C CORP IN CALIFORNIA WANTING TO CLOSE. WE WANT TO MITIGATE THE 2012 TAXES-WITH A CREATIVE TRUST TAX PLAN

I was an officer of a corporation, now I see that the business belongs to someone else.

Can I convert s-corp to sole proprietorship after I obtain 100% interest?