I can't give you a meaningful answer because I can't tell: 1. whether you have an LLC (as the caption suggests) or a partnership (as the first...

What business entity allows the most cash flow? llc or sole proprietorship?

The sole proprietorship will leave you the most cash if that is your only concern. The only fee that it pays is for filing for doing business...

I owned my own business but was forced out and was denied unemployment

I think you are asking whether you should not get unemployment insurance payments because the new lessor(?) forced you out of business. Answer:...

I am the beneficiary of a life insurance policy, the policy holder has passed away, I do not want the check can I sign it over

Answer depends on the amount of the check. A disclaimer might work, wherein you reject the payment and it goes to the next named beneficiary, it...

50-50 vote - can that ever be construed as a majority?

With an equal split, 2 to 2, you can never have a majority so the "Managing Members" can never take any legal action. There is no basis for the two...

If I want to help my sister to put some down payment for her new home initially, for $100000.00, and I do not want any intrest

We see many questions on Avvo regarding loans between friends and relatives. Often such a loan results in ruining the relationship. You are a...

How do I set up my membership agreement in order to reserve 30 percent for future investors

This is easier to conceptualize in a corporation. Small companies with naive management typically start by offering a certain percentage to new...

CAN A PROFIT SHARING PLAN THAT I AM FULLY VESTED IN BE TAKEN AWAY FROM ME IF THERE IS A CHANGE IN OWNERSHIP OF THE BUSINESS??

If this is a "qualified" plan. then you are protected by the Employee's Income Retirement Security Act ("ERISA"), and your vested benefits cannot...

There are 3 partners in a DE Series LLC. The first two partners had equal shares and then a third joined for a fraction of the

You have no legal obligation to return her money unless there was a security violation in the sale to her. Her demand is unreasonable as any...

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

In my view the transaction was usurious and the company was entitled to treble damages of $210,000. The company received a one-year loan from a...