Archived
My "best friend" stole my idea . .
Bryant's answer
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Answered on August 04, 2012
Oral partnership Agmts are enforceable if you can prove an Agmt was made. Partners have fiduciary duties (the highest) to each other. You may...
Archived
What are the advantages and disadavtages of having a second corporation that dont own any assets
Bryant's answer
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Answered on August 01, 2012
I don’t see any legal advantage to having another corp around that does nothing. You can only hope that you fool the plaintiff into suing the...
Archived
I am selling a vehicle to an individual and the terms are that he pay 300 dollars a month. quote
Bryant's answer
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Answered on August 01, 2012
Do what you should have done in the first place: Hire a business lawyer to prepare the loan docs and be sure that they spell out your right to...
Archived
I run a non profit and would like to raffle off houses that are under water and the home owner is ready to walk.
Bryant's answer
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Answered on August 01, 2012
Unless you are an Indian tribe, raffles are illegal in CA.
Archived
I have a payday loan company willing to give me $2500, but I need to send them $250 via western union to prove that the right
Bryant's answer
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Answered on August 01, 2012
This is a scam. No legitimate lender would ask for payment to prove anything. Do not send any money. I'll bet they solicited you for the loan. ...
Archived
Can a partner with 70% owenership disolve a corporation without the signature or approval of the 30% partner?
Bryant's answer
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Answered on August 01, 2012
In some states, such as California, majority shareholders have fiduciary obligations to the minority shareholders. The CA case is the Ahmanson...
Archived
Who is responsible for paying taxes in a corporation with members and one is 70% and the otherone is 30%
Bryant's answer
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Answered on August 01, 2012
You are an owner of 30% of the corporation and that cannot be taken away from you. The 70% owner can force an involuntary dissolution of the corp....
Archived
As a legal resident of Vermont,can I make out a will with a lawyer in New York that would be valid in Vermont?
Bryant's answer
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Answered on July 29, 2012
The will is probably “valid” in the sense that it will be admitted to probate, but it’s not a good idea for you or your lawyer to do this unless he...
Archived
I am 10 percent shareholder in s-corp. Can president who is 80 percent shareholder reduce my pay and benefits.
Bryant's answer
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Answered on July 29, 2012
Yes, the president can reduce your pay and maybe your benefits, subject to any contractual or employee-benefits rights that you may have been...
Archived
Spiritual Counselors
Bryant's answer
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Answered on July 28, 2012
Are you thinking about hiring yourself as a counselor? If you set up the nonprofit, in effect you cannot personally take any of money out of the...
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