Big question with a lot of nuances. General Rule: Do not buy a corporation because you are acquiring its liabilites. You also get their...

Need help with resolving a potential conflict or interest or no-compete?

Be careful with this one. The lawyers on the board who have answered this are not just copping out. I am not an IP expert, but generally the...

What are the laws regarding women-only services?

I see no one is answering this, so I thought I would take a shot. Reason no one is answering is that is always dangerous to openly discriminate,...

Well whether you have to pay interest is a matter of agreement. Do be advised that you might have interest imputed to you for tax purposes if it...

How do the statue of limitations start over

In certain instances in California you can actually reset a claim barred by a statute of limtations. If you acknowledge the debt, enter into a...

Legal obligations leaving friends company (no signed agreement)

Be careful if you plan on using any confidential information or solicit any customers of your former employer after you terminate. If there are...

Is there any special documentation we have to maintain for the situation above

If you are the person who opened this Corporation be aware that there are certain reporting obligations to the United States. If you have not...

Do loans from friends or family have to be included as income on taxes?

No. But if you do not pay the loan back later, you can have "debt foregiveness income." Also be aware that if the loan is very large they have...

How do I pay a developer in equity?

It might sound like a cop-out from the other lawyers, but you do need advice from somone. There are unintended consquences when you transfer an...