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I'm trying to get out of a partnership franchise that I
I'm trying to get out of a partnership for a franchise that I got into about year ago. The franchisees have had this business now 4 years. They don't have a problem with me exiting the company since I'm not asking for my money back. He sent me a letter that is a little over one page to sign to allow me to exit. However, the franchisors will be sending me a letter to sign but they won't send it to me to sign until I have signed the one with the franchisees. I'm not sure I feel comfortable with that since the letter that I originally signed with the franchisor's is a guarantor letter and I'm liable for franchise fees if he defaults although I don't think that will happen since he has a loan and the franchise is breaking even. The franchise term is for 5 years and the franchisees are coming up on 4 years of owning it. I called the attorney for the franchise and I explained to her that I would like to sign both letters at once so I can make sure everything coincides with one another and all will be good. Do you think I should sign this letter and wait for the franchisors to send me a letter not knowing what their letter will entail?
I live in California. I have a S Corp. I have filed my tax
I live in California. I have a S Corp. I have filed my tax return before April 15th. But I forgot to send the fees which is $800.I would like to send it now. How much penalty or interest I need to pay along with $800?Thanks!!Anbu
I made a 50% deposit Franchise license fee and decided that
I made a 50% deposit for a Franchise license fee and decided that the business is not for me and requested to withdraw my deposit, but the owner said that I would have to wait until someone purchased and secured the city where we I planned to open the restaurant then that's when the return my deposit. On our agreement it does not state if I can refund my deposit in case I backed out. Do you think I could demand them to return my deposit?Thank you
Q#1. Can I open an 1 LLC with multiple projects and
Q#1. Can I open an 1 LLC with multiple projects and locations where each partner gets 1% of the whole company and 1 voting right but, gets 34% share of the profit from each branch where they are partners? I have different partners for different project.Q#2. What is considered group A voting, group B-profit and liability type arrangement?Q#3. Do I have to have separate companies for each project?[ I wanted to do this so that I can keep all the ducks in row and they know it at arms length. Eventually, I will create franchise. ]
So, we've been challenging disposal companies while now
So, we've been challenging disposal companies for a while now but had a random question. We recently joined the chamber of commerce. Our chamber does not get money from the city. I noticed that one board member is a lawyer we've been defending ourselves against for 5 months. We also have a public hearing with the county and he will be at their defense. Something just does not seem right. Is this a conflict of interest? Should he be forced one or the other? Thanks so much!
I own a franchise in City A, in California. My corporate
I own a franchise in City A, in California. My corporate address is in City B, not adjacent, where I reside. I have a brick and mortar presence in City A so I also have a business license in that city. As there are few other franchisees (with my company) nearby, I also provide goods and services in City B, C, D and half a dozen others. My business primarily provides goods and services inside the homes of my clients, though all invoicing and banking is performed in City A.A year or so ago I bought a failing branch territory in City C, which is adjacent to City A (Both territories are now owned by the same corporate identity--which my wife and I own all the shares to). I have always done biz in City C and continue to do so--it makes up about 8% of my total business. A part of the biz I bought was a one-year lease for a second existing brick and mortar branch office, in City C, so again, I bought a business license in City C.After a year, we are streamlining the business, will let the City C lease expire and go back to servicing City C clients solely from our City A locale. You can guess the question; do I need to continue to pay for a license in City C? I have had this conversation with both lawyers and with city governments before; for instance when I was a real estate agent (I am no more); the cities wanted licensure if even a single transaction occurred in the home or business of one of its residents; RE lawyers advised that unless there was brick and mortar presence, or the city was the "primary source and location" of the goods and services, only a single license was/is required.In this case the difference is, I already have a license I wish to let expire, and City C only offers (on their website), "Renew License," or "Close Business." Neither fits the situation. I believe if I just let the license expire, they'll be all over me for late fees and so on. What should I do?
I am in the middle of a lawsuit with with the
Hello,I am in the middle of a lawsuit with with the franchise company for my business. It is still early stages. The complaint was made against both myself and my corporation. I filed a response on behalf of myself, but am unable to retain a lawyer to defend the corporation. I have now received a document from the lawyers that they are requesting a default judgment against the corp., as I expected. But, what has me confused is that the "judgment to be entered" is $0.00.What might this mean, and are there any specific actions I need to take at this point?
Can some one who is non-resident of USA own a part of
Can some one who is non-resident of USA own a part of business establishment in USA ?Below is the scenario:I am planning to bring-in a restaurant chain which is outside USA to California. My franchiser want's to invest and hold 25% of the venture. He is a non-resident of USA. Can this be possible ?
I am, reasons, in the process of removing myselfView more business law questions
http://www.vcstar.com/news/local/ventura/police-investigate-shooting-at-ventura-martial-arts-studio--2ebffd90-c305-182e-e053-0100007f6774-373291481.htmlI am, for many reasons, in the process of removing myself from the very same martial arts franchise that the man in the above article is with. The franchise is suing me for the duration of my contract. This is far from the first molestation allegation brought on to United Studios officials. I believe this is the 5th in recent years. In addition to a litany of other issues that aren't as public (a recent one being full fledged assault on one of the franchise owners/instructors, under the guise of "training", because he stood up to the CEO about the way he treated one of his students).Would the argument that I no longer want to be associated with a company like that, do anything for me in front of a judge?