Archived
My boyfriend wants to add me to the deed of his home in PA. The lawyer he approached said it would cost 1% of the purchase pric
Michael's answer
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Answered on January 24, 2013
Typically, a law would charge you a nominal fee $100 to $200 to prepare a quitclaim deed. The cost to record a deed is less than $100.
In PA,...
Archived
I own a home that has an home equity line of credit of $17,500 can I turn ownership of this property to my adult child
Michael's answer
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Answered on January 24, 2013
A transfer of ownership violates the terms of a mortgage - and could result in acceleration (demand for immediate payment).
As a practical...
Archived
If a plaintiff files a MSJ with a different amount than what was on the original complaint without getting a leave to amend, can
Michael's answer
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Answered on January 24, 2013
The pleadings can always be amended up to and including at trial to conform to the evidence. Thus, if the evidence demonstrates a different amount...
Land owner sold timber and did not pay mortgage holder, property was foreclosed on - Is she liable for damages.
Michael's answer
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Answered on January 24, 2013
It is unlikely that you will successful on a frivolous litigation claim.
Without seeing all of the documents, it is impossible to say whether...
Archived
Can H1b visa holders start a .com in partnership ?
Michael's answer
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Answered on January 24, 2013
You will likely need to form an LLC or C Corp (which permit foreign owners) as opposed to an S Corp (which does not permit foreign owners).
Archived
How to convert ITIN into EIN. I am doing business with my ITIN. I am getting my SSN now. I want to make it LLC.
Michael's answer
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Answered on January 24, 2013
I agree with the prior post.
You would use your ITIN to obtain a new EIN for the business.
Archived
If a company pays it's employees above the IRS rate for mileage does it have to be considered income?
Michael's answer
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Answered on January 24, 2013
The other attorneys are correct. It is likely income. You should run your plan by your accountant.
Archived
Why my grandad has created an flp and an llc
Michael's answer
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Answered on January 24, 2013
I agree with my colleagues very good responses to your question.
Archived
I am trying to get out of a business relationship with an ex-partner.
Michael's answer
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Answered on January 24, 2013
I agree with my colleagues - what you want to do is "doable". But, you definitely need a local business attorney to draft the documents to ensure...
Archived
How do I change the ownership for one of our members on an LLC from their name to their trust?
Michael's answer
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Answered on January 24, 2013
I am not sure what you are asking. I think that you asking if you can change ownership of a membership interest from an individual to a trust....
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