Does lending a company, by one of its owner, $25,000.00 for just over a year for of 7% of that company, usury?

If the $25,000 was a loan to the corporation, what did the other investors get for giving up 7% of the stock? And since the loan was paid back, why...

You change the legal name of the LLC by filing amended Articles with the Cal. Sec. of State. But you may not do it anytime you want because the...

Who gets the mortgage deduction and the Federal Tax Credit for a home purchased in June 2010?

A person must live in the home, and be obligated on the loan, and make the loan payments to deduct the loan interest as a homeowner. A property...

Selected as the best answer

My dad claimed me as a dependent for 2010 tax year

One more thing. If you want you can just file your taxes as iof he did not take you as a dependent. The government will then process your return...

My dad claimed me as a dependent for 2010 tax year

If dad paid over 1/2 of your support for the year 2010 then he can take you as a dependent; food, shelter, health, education, etc. .... your age...

I filed for bankruptcy prior to being sued for construction defects. All debts have been discharged so why isnt the case gone?

I will assume your facts are correct. You filed BK and obtained a discharge of the plaintiff’s debt. The plaintiff never-the-less is pushing a...

I agree with the above reply. Trust law is mostly a well settled area of law, and both state's will have similar laws. If the trust is unclear, you...

Tenant/Eviction - Getting Information Through Discovery where to locate forms.

http://www.courtinfo.ca.gov/forms/ Click discovery in the pull down menu. Download the UD interrogatory forms. Yes plaintiffs and defendants...

My dad quitclaimed his house to me to take care of my mom. he paid $110k it is worth about $100k if I sold it would I pay

Capital gain = (Selling price minus cost to sell) - Dad's tax basis. Dad's tax basis went to you when you were gifted the house. The tax basis...

How do we get the trustee removed:

"We" have an attorney? Your brother's lawyer is not your lawyer. Get your own lawyer. If you have a lawyer, ask about a 17200 Petition. If your...