Archived
I have stock purchase and stock restriction agreement as a part of a start-up. The stock certificate has not been given to me.
Dana's answer
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Answered on August 10, 2011
The requirement that the secretary hold the certificate, while not universal, is quite common.
I see no reason to worry. The agreement specifies...
In California, if i sign a noncompete in a consulting gig, is it enforceable? Prospective client doesn't want to remove clause.
Dana's answer
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Answered on August 10, 2011
I agree with Ms. Koslyn that it is impossible to provide a definitive answer without looking at the agreement.
Indeed, based on the description...
Archived
Can a person receiving a share of profits for services be labeled a contractor?
Dana's answer
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Answered on August 08, 2011
Your IT specialist *can* be considered an independent contractor, but you need to have the appropriate agreement in place to establish the...
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Archived
What is the meaning of "sharing losses" in an LLC partnership agreement?
Dana's answer
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Answered on August 05, 2011
You are confusing capital accounts and distributions (LLC accounting issues that are separate from tax treatment).
Profits are allocated to...
100% foreign corporation owned LLC C-corp or Inc. in California: setting up from abroad?
Dana's answer
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Answered on August 05, 2011
I have helped approximately 30 foreign clients set up companies here in the U.S. As in so many other areas, if you know what you are doing, it's...
Colorado LLC member Withdrawal and Distribution?
Dana's answer
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Answered on August 05, 2011
1. the LLC's Operating Agreement probably is of greater significance than CO law.
2. You haven't provided many facts, but if the "deal" is being...
Archived
Moving company scam, they don;t deliver my stuff
Dana's answer
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Answered on July 29, 2011
If your goods are, indeed, in Atlanta, you will need the services of a lawyer located there to help you retrieve them.
Archived
Does my 12 year old daughter have free speech rights on the internet?
Dana's answer
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Answered on July 19, 2011
I will add the following to Ms. Koslyn's excellent answer:
Be sure that the website service provider's terms of service allow her to create the...
Archived
Can a citizen of India own a music school in US?
Dana's answer
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Answered on July 15, 2011
I have helped approximately 30 foreign clients start up businesses in the U.S.
Short answer:
- You can form and own a business in the U.S.
-...
Archived
I entered in to a loan and found out the interest is 135% not on the life but daily. Is that legal?
Dana's answer
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Answered on July 14, 2011
135% daily interest is not only a violation of CA law but is preposterous.
However, the numbers you provided do not suggest that, in fact, the...
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