You should ask a Texas business or tax attorney about your "draw" arrangement. Arthur is correct. Any distribution of funds to you, whether or not...

What does the below information mean?

It means you get to keep the house and she gets to keep you on a short leash. You need to consult with a lawyer in Tyler who deals in real estate...

would like to understand the difference/importance between Commitment, Owners Policy & Lenders Policy

1. As the buyer of a business, you really must have a lawyer. The chances for a problem are so rife, it is gambling of the first order to do so...

What are tax benefits for LLC versus an S Corporation, I am the only owner, in home business will meet clients outside home.

Because an LLC may select to be taxed under Sub-chapter S, there is not necessarily a federal tax difference. To get some further insight, go to...

Would taking an equity line of credit, allow my husband access to funds from the house?

This call likely be arranged to your satisfaction. You must have a real estate attorney familiar with home equity lending guide you through. Note...

How can I get the title for my trucks if the trustee paid what they asked for?

It will require your bankruptcy lawyer (or a bankruptcy lawyer) to pursue this for you. Many unsophisticated businesses (probably a good...

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LLC company. LLC company aggremnt. Finance

You and the other member of your LLC need to set up other LLCs for your present individual ownership, or make credit applications separately, or...

Business Structure for my wife and I for taxes, liability and continuity issues. Status quo or Change?

Your question cannot be answered with one specific statement. However, it is likely there is no good reason to use a corporation [an LLC can be...

Can I be listed as joint owner (or my name go on title) although we're using my husband's credit & income to purchase the house?

You are married. Both your and your husband's names are to be included in the deed. It is possible, although unlikely, that only your husband has...

Do the tools and materials belong to the company? "Me"

A dba filing does not provide guidance in dealing the partnership's assets. Unless you have a (written) partnership agreement that provides...