What exactly does this statement mean?

It means that the shareholder's liability is limited to his/her investment in the corporation. This is the definition of limited liability, which...

I am a Self-employed sub-contractor, customer still owes me $1000.00 for a project I finished a year ago. Thank you, John

I am assuming that you don't have a contract with this customer. If you do have a contract, you could bring a small claims action for the $1,000. ...

Repossessing property

It sounds like you sold your business, including the equipment and now the Buyer has filed a Chapter 7 bankruptcy petition. Moreover, the buyer...

Small Business Attorney

You would need an attorney that understood the issues, challenges and pressures that small business owners face, and has the breadth of knowledge...

You can move your principal place of business to New Jersey from NY. You will not need to keep a place of busines in NY, but you will have to...

I own a business with a partner we both are50/50 he does nothing is he entilded to a check

The operating agreement will usually deal with the interests of you and your partner in terms of your ownership of the company. While it may also...

Can I file a suit against a business that ruined my laptop after I took it in for a simple repair?

Try and talk to them once more, or send them a letter. If you are still not satisfied with their response, take them to Small Claims Court. It is...

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Starting a business

There would be various ways to achieve this, depending on the type of entity involved, and whether there is going to be any kind of payout to the...

Can my company be a marketing company for another solar business company in U.S.? Are there any legalities involved in this area

Conceptually, I understand the issue, but the ability to answer the question effectively is factually based. Knowing the terms of the oral...

In a real estate contract, what constitutes consideration by the Seller?

From the way you have phrased the question, it sounds like you are the seller, and you are asking when an offer to purchase becomes a contract...