Ask A Lawyer

Want a good answer? Ask a thorough question starting with "Who, What, When, How, Will I or Do I".
Then, add details. This will help you get a quicker and better answer.
Question field is required
Explanation field is required
Category field is required
1
Ask a Question

2
Details

3
Submit
1
Ask a Question

2
Submit
1
Ask a Question

2
Details

3
Submit
1
Ask a Question

2
Submit
Fullname is required
A valid email address is required
A valid zip code is required Validating the Zip Code.
Receive a follow-up from lawyers after your question is answered
A valid phone number is required
Select the best time for you to receive a follow-up call from a lawyer after your question is answered. (Required field)
to
Invalid Time
reCAPTCHA is required

*Required fields

Question
Description
Category
DUI
By submitting your question, you understand and agree to the Terms and Conditions for use of the site. Do not include any personal information including name, email or other identifying details in your question or question details. An attorney-client relationship is not being established and you are not a prospective client of any attorney who responds to your question. No question, answer, or discussion of any kind facilitated on this site is confidential or legal advice. Questions answered are randomly selected based on general consumer interest and not all are addressed. Questions may display online and be archived by Martindale-Hubbell.

Corporate Law Recent Legal Answers from Lawyers

Corporate Law Recent Legal Answers from Lawyers
There is no "form".  Shareholders agreements can be a few pages or a hundred pages.  It depends what you are trying to nail down.
There is no "form".  Shareholders agreements can be a few pages or a hundred pages.  It depends what you are trying to nail down.
You need a good accountant to work to get the tax designation.  The legal part is easy.
You need a good accountant to work to get the tax designation.  The legal part is easy.
They are required to tell you what is happening.  There are legal reasons to close an account.  It is unclear if any apply.
They are required to tell you what is happening.  There are legal reasons to close an account.  It is unclear if any apply.
First off, I'd say that your friend should be seeking the advice if this is important to her.  Without knowing more, I'd say probably nothing she can do. There's no right to be given the same amount of work as others.  Maybe there's some actionable discrimination here (based on race, gender, religious affiliaton) but usually that's not the case and even it were, its difficult to address.  ... Read More
First off, I'd say that your friend should be seeking the advice if this is important to her.  Without knowing more, I'd say probably nothing... Read More
Contact the department of labor and ask it that question.
Contact the department of labor and ask it that question.

I might fired employee in a wrong way

Answered 7 months ago by attorney Michael D. Siegel   |   1 Answer
You did do this the wrong way.  You need to memorialize that it was the performance issues, not the health issues, that governed.
You did do this the wrong way.  You need to memorialize that it was the performance issues, not the health issues, that governed.
Read your franchise contract to see what it says.
Read your franchise contract to see what it says.

Corporation sole it is legal

Answered 8 months ago by attorney Michael Doland   |   1 Answer
What does "corporation sole" mean? If you want some free legal analysis, put 3 minutes into writing a question that someone can understand. 
What does "corporation sole" mean? If you want some free legal analysis, put 3 minutes into writing a question that someone can understand. 
Employment (salary) and ownership are totally independent. Salary should be exactly what it would cost to hire a complete stranger to do the same job, and if any "owner' cannot perform as well as a stranger, there should be  a provision in a contract or shareholders agreement providing that the employee/owner can be fired, while still retaining an ownership interst.  If your salaries are identical to the percentage of stock ownership, the IRS may argue that a part of the salary is really a "disguised dividend" and dividends, unlike salary, are not tax deductions to the corporation. ... Read More
Employment (salary) and ownership are totally independent. Salary should be exactly what it would cost to hire a complete stranger to do the same... Read More

Do we have a criminal case of embezzlement?

Answered 9 months ago by attorney NA smsattorney@gmail.com   |   1 Answer
Ns
It appears that are issues with the President acting without / exceeding authority, with not disclosing a conflict of interests, and not dealing at arms length in transactions - not clear how much of the 15-21% "wipe-offs" were RE commissions paid to the President or his real estate office.  Since the balance of proceeds was placed in Coop accounts may be tougher to prove embezzlement if the money withdrawn was paid to businesses and if supported by receipts, but at the very least seems to be the misappropriation of funds & business opportunity and violation of is fiduciary duties.  In order to determine if exceeded authority and to document to provide facts to warrant a claim of embezzlement, would need to review the COOP bylaws and job description and contract for the president and if possible the closing documents and payout records to his RE company for commissions.  Also, probably worth investigating the renovations and buyout transactions to ensure payments were based on actual transactions unless the board knows the units were actually sold.  If not, would need to investigate title transfers.   The police would not likely react and investigate unless providing them with the embezzlement documented.   Certainly continuing the civil lawsuit concurrently is advised, and perhaps amending claims to include embezzlement, fraud, breach of fiduciary duty, etc. based on what the document review reveals.We would be more than happy to work with you and the board, however, we are not the cheapest lawyers in Firm. We are the most competent and aggressive attorneys when it comes to litigation. Our toll-free number for a free consultation is 877-866-8665 // Ahsan Syed, Case Manager. ... Read More
It appears that are issues with the President acting without / exceeding authority, with not disclosing a conflict of interests, and not dealing at... Read More