Income tax exemptions divorce

Ordinarily the custodial parent gets to claim the exemption for kids of the marriage. One exception to the rule is that where there is a “multiple...

Can the LLC require me to sign an indemnification agreement before approving a transfer of my shares?

In my view, since they have the power to disapprove the transfer of your membership interest (LLCs do not have shares), they have the power to...

Is it common practice to Keep a clients full retainer fee if very little was done by the attorney?

Depends on what the retainer Agmt said. Some say the fee is nonrefundable and is just for taking the case. Others provide that it is just an...

Can I be evicted for violating the sublease clause of my tenancy agreement even though I obtained verbal permission to sublease?

As always, it depends on what the lease says. Does it define subtenancy to include a roommate? If so you may have a problem. You would need to...

I need to know how much tax I will owe on the sale of a business.

Attorney Fromm has given a thorough explanation of taxation of your business. Simply stated, I suspect that the accountant claimed depreciation on...

What is the best type of incorporation for physicians running a small private practice ?

In California, one of the aspects of the law that is a bit different is that a medical professional may not operate his practice from a business...

How do I remove a majority share partner that no longer fulfills his obligation and has squandered company assets.

I loathe litigation and I detest recommending it, but I see no alternative. In most states the standard for fiduciary duty is higher in a...

I gave a contractor a deposit for work, but he has not started yet. can I cancel the contract and get my deposit back?

You can cancel, but he is entitled to contract damages, which legally would be the profit he expected to make on the contract, something in the...

Attorneys tend to get the cart before the horse in the LLC area. The best asset protection is good insurance coverage. If you do the LLC right,...

How do i get a company to pay for vacation?

Go to the Iowa Division of Labor: http://www.iowaworkforce.org/labor/wage.htm They should be able to help.