My friend has a trucking business which was not doing well and asked if I wanted to buy in 50/50 around one year ago. I did and then business started picking up and he decided to buy me out. This was over 4 months ago and he still owes me 40% of ...
You really should have contacted an attorney BEFORE you entered into a partnership. You also should have consulted an attorney when he purchased your partnership interest. These are important business transactions which, if properly structured, would protect your interest in circumstances exactly as you describe.
In Texas you will have a number of potential claims to attempt to recover your investment. While it would be better to have a partnership agreement which fully details your rights and remedies, you still have a claim based on the facts given. Whether it is worth pursuing given the amount outstanding will be a financial decision for you. Yet another benefit of having the aforementioned transactions reduced to writing would have been the availability to recover attorneys fees, which is permitted in Texas on breach of a written contract.
You should contact an attorney to fully discuss your situation. A message board is not the best place to get advice on these types of fact specific situations.See question
The company is past due with the IRS payroll tax in addition to several suppliers.
As others have noted, you need to contact an attorney. This is likely the worst tax for an employer to fail to pay.
Given your role in the company as an officer (and if you have any of an assortment of responsibility with the company, including check writing authority, financial control, decision making, etc.) you could be classified as a "responsible party" by the IRS. Under section 6672 of the Code, the IRS would have to show that you were "willful" in not making the payments for liability to attach to you personally. If such a finding was made, you would personally responsible for the trust fund portion of those taxes. At that point, the Service could place liens on your property to collect the outstanding balance.See question
the owner to give him the remaining 2 payments, but now he is adding on his lawyer fees that he acquired himself and making me pay them. Is that even legal for him to do that? the house is in Arkansas
There really isn't enough information provided here to give a good response.
You stated your father "left [you] his house" but didn't state how. Did he leave it to you in a will, or did he die intestate (without a will)? You stated he died recently, which leads me to believe that his will (if he has one) has probably not been probated yet. If that is the case the estate would own the house until such time as the will is probated.
This is further complicated by you stating that the "owner" has made an arrangement with you to pay the final two payments. Was your father the owner, subject to a deed of trust (or mortgage)? Or was this some type of lease to own arrangement? Your father cannot leave you something he doesn't own.
There must be more information as to why the owner is trying to pass on the attorney's fees to you. Is there some other dispute that he is trying to settle?
I would recommend getting an attorney. Since this involves both real property and administering the will (or trust) in Arkansas it would need to be someone in that location.
Good luck.See question
I borrowed $1,000 (unsecured) from a payday loan store. I paid on it for 2 months but could no longer keep up the payments because I am the income in the household. My husband has been having a hard time finding a job. The collections agency is...
Without seeing the promissory note you signed it is impossible to give you good guidance, but given that the lender likely drafted the documents you probably have few options. Based on your own description, you owe the money and have not alleged any fraud or malfeasance on the part of the lender. You can try to negotiate with the debt collector, but you have little leverage.
Pawn shops in Texas (I believe payday loans would fall in this category) can charge rates of up to 240% annually without the rate being usurious. Financially, obviously paying the $692 in a lump sum is far less expensive for you in the long run.
Good luck.See question
Payment due on 06-11-2013
This will depend on what your transactional documents provide. I would imagine that being late (25 days or otherwise) is by definition an incident of "default" under the contract, giving the lien holder whatever rights are granted pursuant to the contract. This likely includes repossession. Whether a lien holder will exercise those rights in that time frame is a different question.See question
AND I WAS NOT THE SIGNER,NOR DID I GIVE HIM PERMISSION TO DO SO.I WANT TO BE CARE FULL SO THAT I DO NOT GET HIM CRIMINALLY INVOLVED.MY BROTHER WANTS ME TO PROSECUTE AND HOLD HIS FEET TO THE FIRE., HE HAS A HISTORY OF SIGNING FAMILY NAMES WITHOUT P...
It is unclear what your question is. Forgery, conversion and theft could all be crimes, so bringing this to the authorities could have negative consequences for your father. At a minimum I would check all your other accounts and verify that you don't have funds in common with him as he doesn't seem trustworthy. You should contact a local attorney to see about attempting to recover the funds if they were converted out of your account.See question
in july 2011 but now we are in 2013 there is no interview date for that Dv lottery 2012 again the number was current in June 2012 why there is no interview date. thanks
I don't know the answer to your question, but your question, among at least 3 others dealing with "DV lottery" deals with immigration issues, not lottery winnings. This question is posted in the business section, which may explain why you are not getting any responses.See question
The person has fail to answer her phone for a month. Records indicate that she has done this before, and is noted with PD
You need to contact a local attorney to address this issue.
Your options will depend on what the documents you executed as part of the agreement provide. This transaction should have been facilitated by a lawyer, who would have provided you with a promissory note and had you file the proper financing statements. The car title should also have been transferred and the appropriate fees paid.
Depending on the documents signed, you may be able to repossess the vehicle. You should consult with an attorney prior to taking action, and be sure to bring all the paperwork regarding the transaction with you.See question
They meant to pull his shorts but his underware came too. My son did not take the picture but it was emailed to him or he got it off f.b. from their posts. The police have become involved and are saying this is a federal crime. They are all 16 a...
You need to contact a local criminal attorney to guide you through the process. You can search in AVVO, and many attorneys will offer you a free initial consultation.See question
In 2006, we purchased 6.2 acres of land, as stated in our contract with the sellers. In March of this year, we made the final payment and received our warranty deed. Just received a tax statement showing our land is only 5.2 acres. After checkin...
It is unclear from the facts given how much land you have. It is possible (perhaps even likely) that the appraisal district simply has a typo in your assessment. One acre didn't simply disappear.
Did you purchase title insurance on the property and have a survey done prior to purchase? Without reviewing all of the documents related to the transaction it is difficult to answer with more specificity.See question