Do I violate usuary law?

Unfortunately you have a smart borrower who knows his rights under the usury law. Although he didn’t “play fair,” the usury law is there to...

IS DISCREPANCY A CRIME?

What do you mean by "discrepancy." This is not a good idea. You misrepresented yourself to the state authorities as your sister. My guess is...

Can a small business give shares/stock to a consultant in compensation for past work?

Yes, you can. Past services are adequate consideration under state corporate law, but not future services. He does not need to be an employee. ...

Do I need to sign a personal promissory to my LLC partners for LLC debt they chose to put cash into the company for?

I don't see how any lawyer, online or not, can advise you based on your statement of facts. How many dollars are involved in each transaction? ...

I have rental property that I run under an LLC. The title is under my personal name. Can anyone come at my personal property?

If an event occurs that would impose liability on the owner, that would be you. To avoid that, you must transfer the real estate to the LLC. ...

If I start a battery company (like energizer - selling AA batteries), what is the liability to me if a battery explodes?

You need more than a warning. You would have products liability, which means you are absolutely liable for injuries and damage regardless of...

You don’t give us much to go on. What are you trying to do? If you transfer old balances to the LLC, you would remain liable. If you put the...

Can a personal guarantee on a business loan be discharged if the business is closed?

I assume this was your business and the LOC was taken down by the corp or LLC that you owned. Even though the business failed, the loan remains an...

Whats for cause & for what reason can I be removed as director? Does the board or core volunteers have the right to remove me?

When “for cause” is used in a contract, it is ordinarily defined in the contract. Evidently your Bylaws do not define it. The OR corporate laws...

Our rent is 808.00 a month what is 18 percent of that?

You paid 124.13% of $808, or 24.13% of the rent. I'm sorry,but I don't see the legal issue here. Perhaps you should ask a CPA.