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I am in a partnership with no partnership agreement. I no
I am in a partnership with no partnership agreement. I no longer want to be in business with my partner due to the fact that she does not want to put in the same time and effort into the business however still expects to get paid the same. The customers that we have were all my customers before we started our partnership. She will not just walk away. What are my options?
What would be the simplest way to have a group of people
Hello. What would be the simplest way to have a group of people pool their money legally and invest in loan notes on websites such as "lending tree" or "prosper."JA: You just pay a $5 deposit now and the rest only when you get a reply from the Corporate Lawyer. All of this is 100% satisfaction guaranteed, so you can get a refund if you're not happy for any reason.Customer: how do i do thatJA: Because laws vary from state to state, could you tell me what state is this in?Customer: new yorkJA: Have you talked to a lawyer yet?Customer: noJA: Anything else you think the lawyer should know?Customer: I don't think so
I would like to start a social enterprise ( online platform
I would like to start a social enterprise ( online platform for mentally ill teens) - would like to know if non-profit incorporation or for profit incorporation is better. Need initial "seed" donation/funding and then over time have revenue sustain operations. All profits will be invested back in growing the community. Over time there are likely to be two to three employees others would volunteers. The revenue model is via online sponsorships and ads as well as direct revenue from referrals to professionals.
I hired a contractor for a project. We had never hired a
I hired a contractor for a project. We had never hired a "Digital Marketing Consultant" before so didn't know the best protocol...the terms and agreement just say "offer Digital Marketing Services" and we booked a $4,000 block of his hours and he insisted we invest another $4,000 to book his time to ensure we finish the job.After a few months we have had nothing to show for it...we asked him for a timesheet / breakdown of what he had done and what he plans to do towards the launch of our product...we literally have no information, documentation, plan, budget or physical things to show e.g. webpage designs etc.We sent him an email and he said"As a reminder, I'm not an employee, just a consultant. Per our initial discussions. I'm not on a weekly schedule and do not create marketing plans, weekly timelines, or submit time sheets."Isn't it industry standard that a consultant would offer the things we requested e.g. timesheet and a marketing plan - given he was a marketing consultant?We also hired a PR consultant - and during this email we told him about our new team member and he told us that we should not have hired the PR consultant without informing him...?!
I have been served with a lawsuit from my ex-girlfriend who
I have been served with a lawsuit from my ex-girlfriend who originally wanted to invest in my company. I signed a convertible promissory note, where she advanced $75K to the business, then a list of items for due diligence with the goal of converting the promissory into ownership (I also gave her membership certificate as escrow). I submitted the documents requested and after some time of back and forth, discovered that the financials were inaccurate and messed up. I hired a new accountant to correct them. On July 1, her attorney called the promissory note for repayment (converting it into a loan to come due in 90 days). We were having personal issues and she started telling me that I was committing fraud (documents she had for review were some how fraudulent - I have no idea other than knowing they were messed up). I ended the personal relationship with her, but told her on many occasions that I was working to correct the financials and would honor 100% of the repayment amount.Last week, she became enraged at me because I did not respond to her text messages and she wrote an affadavit containing false information to my ex-wife's attorney, where I've been involved in a heated custody battle for 18 months. My girlfriend knew the details and purposely crafted the letter and submitted other information to my ex wifes attorney, causing ENORMOUS change of circumstances in my case. She also had both of her attorneys contact the case GAL and tell her that I'm fraudulent and not an honest person (along with other accusations).Is there anything I can do to get my girlfriend to stop tampering or interfering with my custody case? She is doing it out of malice and making false statements (like she is scared of me). Is there any recourse for damages because she has done this?Finally, if she converted the promissory into a loan that was due, and some of the documentation I originally provided is still inaccurate and wrong, am I liable for damages or considered to have committed fraud, since she backed out of the investment opportunity and officially converted the promissory into a loan?
FL HOA discrimination issue: A Florida HOA, in direct
FL HOA discrimination issue: A Florida HOA, in direct response to a HUD discrimination complaint, just amended their declaration with an Article stating that any home owner who raises any issue or complains with anyone that results in HOA having to use their lawyer, will have to pay for the HOA lawyer's time. So not just if you lose a lawsuit; they claim they will charge you for ANYTHING that causes them to use their lawyer against you, right away . . . is this legal??Here is new wording . . . "In the event that the Community Association in its sole discretion retain an attorney to prepare and/or respond to any letter, pleading, correspondence, contact, and/or issue raised by, about or between Members directed to the Community Association, its Board or Director, or related to the Community Association, and the common area, any reasonable costs and attorneys fees associated therewith inducing any pre-suit costs and fees through and inducing all trial and appellate levels and postjudgment proceedings shall be the responsibility of the individual member. The costs and attorneys fees so incurred shall be deemed to be a Special Assessment against the Residential Unit, and shall be collectible in the same fashion as an other assessment as provided in Article 7."This paragraph would appear to violate at least "Unless otherwise agreed by the parties, section 720.311(2)(b), Florida Statutes, requires that the parties share the costs of presuit mediation equally, including the fee charged by the mediator. "Is there any low cost way of calling the HOA out on this without major litigation, for years, where they will charge you every month for THEIR time? Any FL statutes that prohibits them from doing this, or are we all now indentured servants to HOA, which can charge us at will?
I am not sure if this question falls under business law or a
I am not sure if this question falls under business law or a different title. Here is the situation...I loaned my brother $10K to trade in his overpriced Hummer for a car that is a nice low mileage Cadillac in Canton OH where I live. I wrote the dealer a check, brother got the car. Brother drove the car to Staten Island where he lived. Without my permission, he traded the car I loaned him the money for to buy another hummer. He paid me less than $1K back. He swore up and down on the phone and text that he would pay me back. He now moved to PA. I have no idea where he lives. He won't answer my calls or text messages anymore. How do I get my money back or is it gone?
Our company (based in Hong Kong) is looking to set up a US
Hi. Our company (based in Hong Kong) is looking to set up a US Investment Advisor business. There are various things we need to arrange, and the most difficult/time consuming would appear to be working visas. While we work on this issue I would like to ask a couple of questions about options for registering with the SEC if our principal place of business is outside the USA.1. Can we establish an affiliate company in Hong Kong and register this business with the SEC as an IA? If we are not physically based in the USA this will avoid any visa issues. We can still comply with the various IA rules and regulations. Is there any requirement for the Principal to have a US visa?2. If we cannot do this, would it help if we established the business in the USA e.g. Delaware LLC, but did not have a place of business in the USA. Could we register this company with the SEC?Basically I am trying to find a way on how we can get the US business started (we would call into the US via Skype - not be physically located in the USA) while we wait for Immigration issues to be processed.Thanks
I created a domestic LLC in Connecticut in 2010 to invest inView more business law questions
I created a domestic LLC in Connecticut in 2010 to invest in real estate. I had one investor in it who purchased less than 10% of the shares of the LLC for $25,000 using his self directed IRA. The LLC lost money, is not operational, has zero dollars in the bank, but is still active with Connecticut State Department.The investor just sent a Fair Market Evaluation form. He invested in an LLC, which has no worth. How to protect myself from him coming after my personal assets?