Archived
Would a business where individuals invest in students education and receive a percent income in the future be a security?
Gustav's answer
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Answered on October 17, 2012
I think you are misunderstanding the requirements of the federal securities laws. I assume that your investors would be investing money in this...
Archived
When does the authority of the manager of an LLC end?
Gustav's answer
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Answered on October 16, 2012
Generally speaking, if there is no election then the manager is still the manager. Only when a new manager is duly elected and qualified would the...
Archived
Can I earn money worldwide from the internet without paying tax?
Gustav's answer
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Answered on October 16, 2012
Agree with the last answer, if you are a U.S. citizen, you owe taxes on worldwide income. You are exempt from Cayman taxes likely because you are...
Archived
I'm1/3 shareholder in a FL S-corp. President is selling assets and wont tell me how much or give a chance to buy. what can i do?
Gustav's answer
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Answered on October 16, 2012
Based on the little information provided its hard to fully analyze the legal implications here. If you have a shareholders' agreement, there is...
Archived
My partner and I started a corporation and trademarked our logo.
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Answered on August 17, 2012
I agree with the others. As a practical matter, you should try to work an amicable solution with your business partner first, however. If you...
Archived
Can an elected presedint of a civic club sell or enter into an agreement to sell clubs property without authorization from club
Gustav's answer
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Answered on August 17, 2012
I agree with the foregoing answer. But just to add on to it, if the president signs a contract for the sale, it is probably binding on the...
Can I gift shares of stock from an s corp to my children ?
Gustav's answer
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Answered on August 17, 2012
Yes, provided that the gift would not destroy the S-Corporation status of the issuer (e.g.., if they were foreign citizens). If the fair value of...
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Archived
Is it legal to award "virtual" shares to contributors who contributes not as money but service to a website?
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Answered on July 27, 2012
I concur with the others that your use of the term "virtual shares" needs to be better defined in order for anyone to be able to answer the...
Archived
I am supposed to be getting several million dollars soon. Where should I put it since FDIC is low?
Gustav's answer
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Answered on July 27, 2012
I agree that this is not a legal question. That being said, your stated objective is to protect the principal. Obviously putting the full amount...
Archived
Can a permanently revoked nevado c corp do business in another state?
Gustav's answer
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Answered on July 27, 2012
You need to contact the Nevada Secretary of State's office to find out what you need to do in order to reinstate the corporation (I presume it has...
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