Archived
LLC Question. If I have two members, but only one gets paid, will the other one still have to report our revenue as income?
James's answer
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Answered on October 20, 2015
Yes, this is a classic problem. If one person is getting paid because they do work for the LLC, they are supposed to be paid compensation as an...
Archived
Do I need to collect sales tax on my online store when I'm based out of a state that doesn't require sales tax.
James's answer
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Answered on October 18, 2015
This is a key question for all online sales companies. Unfortunately, there is not a simple answer because there are 50 states and they are all...
Archived
3 of the family members from WA state invested over $400,000 with investor out of portland OR. who offered business partnership.
James's answer
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Answered on October 16, 2015
If you want to receive any remedy, you must immediately retain an attorney to evaluate your case and pursue claims against these people. You have...
Archived
Do I have the right to receive a refund or store credit for a DEFECTIVE bottle of liquor that is still sealed and unopened?
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Answered on October 11, 2015
The purchase transaction occurred in California. California law applies. Generally, a defective product is grounds to rescind the contract to...
Archived
If a trust has been amended to exclude me by that person's children and the original trust was destroyed do I have recourse.
James's answer
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Answered on September 30, 2015
Based on the information you provided, you have a very good case to have the trust set aside and your rights enforced. Go see an attorney...
Archived
Am I responsible for the tax debt incurred by my spouse from cashing in a retirement plan after we physically separated?
James's answer
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Answered on September 29, 2015
The tax answer depends on what kind of retirement account was cashed in. Most qualified pension and profit sharing plans will not allow a cash out...
Does a Living Trust need to be updated? How often?
James's answer
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Answered on September 29, 2015
We recommend that the living trust be reviewed every 5 years. Sooner if there is a major change in the financial resources either up or down or a...
Archived
Do I need a real estate attorney or can I take my brother to court who is executor
James's answer
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Answered on September 28, 2015
I agree with my colleagues. Probably the delay in distribution to your children in based on a trust. The current income beneficiary is entitled...
Archived
While married but separated, my husband purchased a house with our joint savings but did not put my name on it.
James's answer
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Answered on September 26, 2015
I agree with my colleague. You may also want to use a living trust to make an fully functioning estate plan. but, so not wait. Move quickly.
Archived
Styles of bankruptcy
James's answer
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Answered on September 26, 2015
Whether you will lose your car in bankruptcy depends on the chapter bankruptcy you pursue and whether there is a secured debt against the car. In...