Archived
Taxwise, must a single-member LLC be set up as a pass-through entity or a corporation upon initially establishing it?
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Answered on April 26, 2012
An LLC is asked on its application for a federal employer identification number form whether it will be taxed as a corporation or a partnership. If...
Archived
Letter in error
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Answered on April 26, 2012
While Chase seems to be out of line to be threatening, if Chase has the wrong information, a call or a letter straightening it out will get you out...
Can i transfer funds from my business account to my personal account in order to pay my mortgage?
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Answered on April 26, 2012
If your business is a partnership, corporation, or LLC, you would have to treat the transfer as income to you. This is especially true if you have...
For a 50/50 Partnership to be legal, does each partner need to contribute equal capital to start?
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Answered on April 25, 2012
A 50-50 partnership is possible if each side contributes similar values. If one person puts up the money, the other can devote his or her time to...
Archived
Lease
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Answered on April 25, 2012
Certainly, it is possible, although you may not have much leverage. The landlord may be willing to cut you a break to avoid an unlawful detainer...
Archived
What constitutes "transacting intrastate business" in California (LLC-5 Foreign Corp filing)
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Answered on April 24, 2012
Under California's interpretations, you would clearly be transacting business here in California. I know that the $800/year is a hassle that you...
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Archived
What means do I have to recover money stolen online by a terminated employee after he was terminated?
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Answered on April 24, 2012
First, change your codes. Now. Don't wait. Come back to this when you're done.
Second, you'll want to make a police report; the sooner you do it,...
Archived
Can I get help to get my money back?
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Answered on April 24, 2012
I don't think that the legal system is really equipped to handle supernatural issues; I think a jury wouldn't take that claim very seriously. To...
Archived
On 4/21/12 I signed & sent an NDA by email to an associate. The NDA was dated 12/11/11. From what date is the NDA effective?
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Answered on April 22, 2012
Sometimes NDAs are backdated to cover disclosures that already happened. Courts will often uphold the backdating, reasoning that it was meant to...
Archived
If someone takes a picture of a celebrity and copyrights it, what ownership rights does the celebrity retain?
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Answered on April 21, 2012
In general, the photographer (or whoever hired the photographer for the job) owns the copyright to a particular photograph. The subject of the...