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A "dba" is not a business entity like a corp or LLC which can sue or be sued. The person behind the dba is liable. Any person using a dba is...
If the person is renting, it is unlikely that he has the means to hire a lawyer and defend you, which is what "hold harmless" means. So you must...
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Many people (including some lawyers) are not aware that an LLC does not protect the owner from liability for his own acts. For example a surgeon...
The advice from your attorneys is correct. As long as you have not withdrawn funds from the LLC, you are protected as an owner. See the Ralite case.
No agreement can bind a person who is not a party to it, i.e., who did not sign it. If the majority want to bind the minority, they can do it by...
I am not admitted in IL, but under CA law the advice you’ve been given is correct. CA Corp Code Sec 301 states that “Each director shall hold...
Where does the 5% come from? NO LLC has more than 100%. You need to convert to units: Each member now has 20 units, for a total of 100 units. ...
1 Lawyer agrees Answered 2 days ago. The LLC has limited liability, which means the members (owners) are not liable to anyone including FTB. The...
You could award Stock Options, qualified or nonqualified. Then he must pay for the shares when he exercises the option. Often the CEO candidate...
The LLC has limited liability, which means the members (owners) are not liable to anyone including FTB. The Ralite case is an exception to this...
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