Company

This is not unusual. No one will close your company unless you are forced into bankruptcy. Closing it will be your decision. If an LLC, it...

How long is a business owner liable for an independent contractors actions?

Generally a business is not liable for the actions of independent contractors whether in contract (unless authorized by the business) or tort (as...

I want to set up a different division of my corporation that will have it's own checking account. What is involved.

You should go to the bank and tell them what you want to do. Tell them the checks should read “ABC COMPANY, A DIVISION OF XYZ CORP.” I am not...

Can a corporation be free of liability even if they do not advertise themselves as a corp?

I always tell my corporate clients that they can be sued personally unless they tell their customers that they represent a corp. Many years ago my...

Can a consignment shop take in donated items, and when item's sell give percent to a nonprofit organazation

Well, you can do it. However, the donors are looking for a tax deduction and the way they get that is by donating to a nonprofit, technically a...

Responsibilities of officers in a failing S-Corp

Unless these guys incurred debts for the corp unreasonably and without Board authorization or had insider dealings, I see no basis for any recovery...

Find a lawyer, a business litigator ASAP. Partners have a fiduciary duty (the highest) to each other and behavior like your partner’s is...

My grandfather gave me money and now a relative is upset. What legal action can he take?

There is nothing that indicates that your grandfather was incompetent at the time of the gifts, nor that you took advantage of his age or...

Do I need to pay

More homework from Lake City.

Can I do this

Do your own law school home work.