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A coorporation is looking to terminate the day before a considerable amount of restricted stock vests ~ Are their options ?
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Answered on July 14, 2012
Such Agmts typically have a clause that the grant of the shares does not guarantee continued employment. Also most states now have “at-will”...
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Are any misrepresentations on a sales contract, no matter how small, cause for Breach of Contract?
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Answered on July 14, 2012
No, the misrepresentation must be material to be the basis for rescinding the K. I assume the difference between the two models of cameras is...
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My employer is going to take away 119 hours of vacation that I had saved and deduct another 117 because they over payed my time
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Answered on July 14, 2012
To file a wage claim in MT, go to
http://erd.dli.mt.gov/labor-standards/wage-and-hourwage-payment-act/filing-a-wage-claim.html
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Converting an LLC to and S-Corp
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Answered on July 14, 2012
What is your purpose in conversion? If you just want to be taxed as an S corp, you can file a “check-the-box” election on Form 8832 with the IRS...
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I am beneficiary on TOD account but the bank won't release the funds to me. Something about a tax payor ID number... ?
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Answered on July 13, 2012
Since the account is in the name of your deceased great aunt and you are listed personally (and not as trustee) as transferee on death, you should...
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I have a signed bid from a condo association to build decks.Ten days later they say no . Should I be compensated due to lostwork
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Answered on July 13, 2012
I respectfully disagree with Mr. Taylor on consideration. He correctly states the elements of formation of a contract: Offer, acceptance and...
Can I fire a member of Llc? If I'm the manager member and president of the company? There is no operating agreement.
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Answered on July 13, 2012
Where is 70809?? Under what state’s laws is the LLC organized? You don’t give us much to go on. In most states, you can fire any employee who...
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What is the estate tax liability-both at the federal and PA state level-for two small life insurance policies totalling $550.00?
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Answered on July 13, 2012
Depends on the rest of your parents’ estates. If the estate was less than $5 million, it is entirely exempt from federal estate tax, and the value...
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We have co-signed on 2 of our son's student loans in the amount of $35,000.
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Answered on July 12, 2012
If you signed a “Continuing Guaranty,” you will be liable for any additional future advances on that loan. You should be able to terminate any...
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We are an S Corp in Texas and would like to add a Vice President. What do we need to do?
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Answered on July 12, 2012
You need to hold a legal Board meeting in accord with the corp’s Bylaws. Either give notice to each director or have each one sign a Waiver of...
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