Question about written agreement to pay

Two things: Get her to sign a promissory note due in March for the amount of the invoice. Then if you have to sue her, you will be entitled to...

"Bailed property" is just personal property that belongs to A but is in the possession of B. B has a duty of reasonable care for the property. ...

How do I change company name, address, and add a partner to a LLC?

To change the name you will need to amend the Articles of Organization by filing an Amendment with the state of NJ. Try ...

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How do you file for a tax loss of $200,000?

First the bad debt: If the loan arose in your father’s trade or business, then, as a “business bad debt,” it is an “ordinary loss” and can be...

Will an LLC protect my personal assets?

The theoretical answer is, yes, you will be protected. The practical (and real) answer is it won't work. If you intend to borrow from a bank or...

I did some work for contractor (I'm a framer) I have a contract but even with that he still has not paid me. What to do next?

File a complaint with the state licensed contractor's board. File a claim against his bond posted with that Board. File a mechanic's lien against...

No. This is a lottery and as such a violation of the criminal laws of most states. I have answered this question several times and the response...

Incorporating

I agree with my colleagues' responses as far as they go. Oddly, none of them mentioned that your corp cannot be an S corp so long as your father...

What is the difference between S Corp and LLC?

I agree that S Corps tend to be more complicated and less flexible than LLC’s. Unlike LLC’s, S corps are prohibited from having nonresident aliens...

If one of the owners of a private company file personal bankruptcy, how will that affect the company filing for IPO?

If the owner has a material interest in the offering company ( perhaps 5% or more) or is a director or officer, then it is a material fact about...