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BUY-OUT AGREEMENTS I. When creating a business/entities, partnerships, corporations, limited partnerships, limited liability companies. (a) What about the creation of an exit strategy? (Not really an issue at the time of creating the business as there is no real value) (b) Different forms of entities where buyouts are appropriate, Corporations, Limited Liability Companies, Limited Partnerships [...]
Pertinent Definitions/Estate Planning Defined ESTATE PLANNING: Area of law and taxation dealing with creation, protection, preservation, management and distribution of estates. (wealth from one generation to another). ESTATES: These are the sums of all property including real estate, bank accounts, securities, insurance policies, cars, boats, household furnishings, jewelry and all other personal effects. In sum, [...]
Corporate Minutes, Why Have Them? Question number one above is the often asked question by the officers and the directors of any given corporation, whether it be a California Corporation or a Delaware Corporation or for that fact a corporate entity in any of the 50 United States. This paperwork item of business is usually [...]
There are a number of different dot.com services that rate lawyers through peer solicitation approvals and other such devices. One such dot.com business is styled Avvo; As an adjunct to their rating services they have an open forum for various legal questions to which many answers are provided by various lawyers seeking to be rated [...]
CONTINUATION OF QUESTIONS 13-15. QUESTION #16 Is there a statute of limitations on real estate disclosures for a new buyer to have to pass along to another buyer years down the road? ANSWER TO QUESTION #16 Once again, question 16- would be State specific. Although the author does not have the Business and Professions Code [...]
QUESTION #9 Need to force turnover of tax records from corporate officer? I am a 50% owner of an S corp and am responsible for the preparation of the company’s tax returns. The secretary of the corporation has possession of important tax records that are necessary for the completion of the tax return but won’t [...]
QUESTION #11 Slander per se damages? I have read and researched a lot but am still confused. With per se one does not have to prove damages, damages are implied by the statements. So how does a jury determine damages? For example, if I called my professor an uneducated idiot and he proves he is [...]
There are a number of different dot.com services that rate lawyers through peer solicitation approvals and other such devices. One such dot.com business is styled Avvo; As an adjunct to their rating services they have an open forum for various legal questions to which many answers are provided by various lawyers seeking to be rated [...]
QUESTION #3 My Former business partner stole my belongings. What should I do to get them back? I went into business partnership with a long standing friend of mine to form a new company. As the months rolled by we finally secured a location to do business from. We had come to an agreement that [...]
QUESTION #5 Can I legally resell items that I buy from art suppliers? I am starting a craft kit business. Each kit will contain items such as acrylic paints, scrapbook paper, etc. If I buy the paints and scrapbook paper from an art supply store, is it legal for me to then resell these items [...]