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I have a corporation with a partner, we flip homes, the next
I have a corporation with a partner, we flip homes, the next home I am doing own my own but still want to use the same corporation, what is the best way to use the same corp. without my partners involvement? its just this one house, can he suspend his partnership temporarily? or can we just prepare some type of indemnification agreement? I dont want to form another corp. and get all new accounts etc. any suggestions?
In 2007, a businessmen commented "U.S. laws enable
in 2007, a businessmen commented "U.S. laws enable anyone to buy a DVD and rent it as many times as they want. We can go to Wal-Mart, buy DVDs, and place them in one's rental library without needing a license from the content owner ". Is it still the case now? If so, then what use does the "all rights reserved" type of fine prints DVDs have at all? Thank you. This is not an assignment nor a task, just personal curiosity. I might refer to you answer when I discuss it to a former clerk of the Court, if you see appropriate.
I have problem with amazon.JA: The Lawyer will need
Hello I have problem with amazon.JA: The Lawyer will need to help you with this. Have you consulted a lawyer yet?Customer: I'm from Thailand. Selling in US. Could you have me?JA: Please give me a bit more information, so we can help you best.Customer: I sell with Amazon.com and have problem with my promotion, leading me to negative balance. ( My fault)JA: Is there anything else the Lawyer should be aware of?Customer: But when I ask them to identify problem. THey reported wrong problem. which cause me to lose much bigger amount of money.JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Lawyer about your situation and then connect you two.
I am owner of an asphalt maintenance company in Plainfield
I am owner of an asphalt maintenance company in Plainfield ,IL I want to put a legal disclaimer on my contracts that states we are not liable for damage caused to siding, garage doors or sidewalks if it rains before the sealer is dry-we will however re-do the seal coating on the driveway at no charge. Is this something that would hold up and how would I word it to make it stand up. Thanks.Rob @ Toms Asphalt Service, Inc.
BACKGROUND: I formed a SCorp 20 years ago in MI with
BACKGROUND: I formed a SCorp 20 years ago in MI with virtually no money (I think $100 or so). It was a consulting company run from home so no capitalization was needed. I took salary when I could and did not take when there was no money.For last 20 years I have operated it as a one person LLC primarily doing consulting work and branched out into few projects where the Scorp became share holder in other LLC. However the other LLC paid the S corp and the SCorp paid me salary when it could. In months when S Corp was running low I did not draw a salary. As director (and only share holder) of the Scorp I recorded in the minutes that salary to be paid only when S Corp could afford.I am now adding a small craft business under the SCorp where we will be making cushions. The cushions are different from others in that a person can zip them open and add or take out stuffing. I have looked for product liability insurance and General Liability insurance and am unable to find for home based craft manufacturing business.I have diligently kept business finances and personal finances separate and never co-mingled the monies. After salary I have two month worth of salary as reserve in S corp rest I take out as dividends (small amounts)QUESTIONS: My questions are;1) In the event someone sues me for product liability (small chance given it is cushions but still).. will the fact that I have only 2 months worth of money in bank (am I under capitalized) and no insurance expose me to risk of corporate veil being pierced.2) How strong is corporate veil protection in Michigan compared to other states in USA3) The fact that my cushions allows people to access the stuffing (by opening the zip) expose me to additional liability ? If yes what can I do to protect myself
Law Educator: Disclaimer and product liability. I recentlyView more business law questions
Law Educator: Disclaimer and product liability. I recently developed a product for patients to use to strengthen a part of their body. I would like to sell the item but concerned about liability in selling a product that is made and created myself. Are there any areas a physician should be concerned selling products like this to patients, ie disclaimer, release of liability? Also I would like to patent the product but have not begun the process of patenting. Thanks.Other related questions:1. Would a good malpractice or business insurance policy cover claims made by the consumer/patient?2. What would the terminology look like in order to protect the physician or the Clinic as a single member S-Corp.3. Should a statement be made on paper and packaged with the product such as: "Improper use of this product could produce injury or beyond injury"4. Does the state of TN protect sellers/physicians with any statute?If a person is out of state and uses the product, would this make a difference as opposed to a consumer from the state where the product was made and sold?