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Contracts
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Answered on May 10, 2012
Homework!
Bryant Keith Martin's Answers (2528)
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If you own shares in a business and sell. Are you entitled to money in the S Corporation
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Answered on May 07, 2012
If I understand, I think you are seeking a share of the cash that is in the corp, possibly in addition to what you were paid for the shares. If...
Can the Ralite decision be used to walk away from a CA LLC? It hasn't been operating for 5 yrs, filed no returns, & paid no $800
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Answered on May 05, 2012
Did you distribute any cash from the LLC to the members? If so Ralite bites and the state can recover that cash. If not, the flip side of Ralite...
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What is an Limited Liability Company, LLC
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Answered on May 05, 2012
Are you sure you need the LLC? Many owners just hold real estate personally and buy insurance. The threshold question is whether to incorporate...
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LLC question... if a person is in partnership with another to form a LLC, can another LLC be substituted as an 'entity' a partne
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Answered on May 05, 2012
(The parties to an LLC are not partners; they are members, which means they have different fiduciary duties from those of partners.) An LLC can be...
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I'm a 50% shareholder in an S Corp. The other partner wont to sign a non-compete. Is this a breech? Can he compete against us?
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Answered on May 05, 2012
In California, a controlling shareholder has a fiduciary duty of loyalty to the other shareholders. You need to consult an AZ attorney about AZ...
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Is my mlm company a pyramid scheme?
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Answered on May 03, 2012
See my answer to your previous post. What is an "MLM company"? Calling it that is not enough to make it legal. There must be some substance to...
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Can a friend sue me for doing work voluntarily 8 years ago, he now says he would like to be paid since the friendship ended?
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Answered on May 03, 2012
No, based on the facts stated he cannot successfully sue you and recover unless you have had other dealings since. All states have statutes of...
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I want to set up a 501(c)(3) (Non Profit) corporation. Does it matter what state I do it in? What states are best?
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Answered on May 03, 2012
NO! This is not a do-it-yourself project. You must hire a lawyer specializing in nonprofits to guide you through this labyrinth. You need to...
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I own 30% of a LLC, If i inform my partner that i want to sell my share. Does my share end there or when i am paid?
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Answered on May 03, 2012
You refer both to an LLC and to a partnership. It cannot be both. I will assume it is an LLC. The Operating Agmt will control, if you have one. ...
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