I own a business with two other partners who decided to
Hi,I own a business with two other partners who decided to resign and give away their shares so I would become the only owner. I called the company who setup my LLC "LegalZoom" and they said that they can have that arranged in the state of Delaware without having to have the two other partners sign anything. They told me that such agreements would have to be internal between us and I should consult with an attorney. So I would like to ask whats the next step here? would i simply need a resignation form which also states that they are transferring their shares to me? Are there any official form templates I can obtain to just send it to them?thank you
Person A sells persons B1&B2 a small business. Later B1 goes
Person A sells persons B1&B2 a small business.Later B1 goes to A and signs Bill of Sale #2 and registers with SOS sans B2I would think the original sale would stand and the second void.JA: What state are you in? It matters because laws vary by location.Customer: COJA: Has anything been filed or reported?Customer: The second was filed with the SOS as a Family Trust??? without the knowledge of B2JA: Anything else you want the lawyer to know before I connect you?Customer: business hanging by a thread
A few years ago, my brother purchased a business. A year
Hello,A few years ago, my brother purchased a business. A year ago, he realized he was unable to properly run the business and as a result, he sold it to my sister for a price of simply assuming payment for a note that he owes. He sold her 90% interest in an LLC (she became the managing partner). They signed an assumption agreement, operating agreement and asset purchase agreement.My sister is now pregnant and is unable to run the business. I decided to take it over for the same deal (assuming liability for the note that my brother owes) as well as payment for expenses she incurred, which were around $10k.In all honesty, I trust my sister, but not my brother very much. My sister and I plan on signing an asset purchase agreement and bill of sale and simply notarizing it (which is what she did with my brother). There are no limitations as to who she can and cannot sell to. Is there anything else I can do to protect my interests? Can my brother later come and claim that he sold my sister and she assumed the note and as a result, I am not entitled to ownership even though the transaction occurred?Moreover, if she is selling, do my brother and I have to sign a new operating agreement or is that not necessary? Remember, he owns 10%. Although she has the right to sell the entire business, we are doubtful that he will sign or will be willing to sell his 10%. We're expecting a little noise and are trying to make this an easy transaction without all of the hassle.Thanks.
NAME OF FORM / DOCUMENT? I frequently, as an individual, purchase
NAME OF FORM / DOCUMENT? I frequently, as an individual, purchase electronic and electrical old equipment from estates, individuals, yard sales and similar. When the amount of money involved is over $50. or so I scribble some sort of "I purchased this item from so and so and my name is". Type thing. I need to know what I should entitle the document that will be given to the seller and also kept for my records. Bill of Sale? If there are choices then please let me know what the choices are.