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Recent Partnership questions

I want to set up a business with a friend but have only $5k

I want to set up a business with a friend but have only $5k to invest. Before we even start I want to sample test the business first to see if it has potential to grow. At what point should I get a lawyer or clarify our roles/ intricacies of this business with my friend?

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

106,614 satisfied customers
I am starting a business in partnership with a friend who

I am starting a business in partnership with a friend who lives in Florida. It is to market a web application, which my friend is developing.1, Where will it be better to establish this LLC? Texas or Florida.2. Can LLCs business address be a postbox from POSTNET since my home owner association may not allow me to run a business from home. Or thay migh allow sinece I wont be entertaining customers or other people.3. Do we have to specify in the LLC incorporation papers, the partners' names with their percentage ownership right away or can be take care of it later?

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Damien Bosco

Attorney

Doctoral Degree

2,740 satisfied customers
I have a client who is a partner in a California Law Firm

I have a client who is a partner in a California Law Firm which is a PC. He is now 66 and wants to come off the group plan and go on Medicare(he will continue to work full time) . Can the law firm pay the Medicare Premiums along with the Supplemental Blue Shield Plan F premiums and get a tax deduction. This is much less than group insurance and provides greater benefits.I thought ACA prevented thisthanks

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Richard - Bizlaw

Juris Doctor

9,608 satisfied customers
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?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

46,242 satisfied customers
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

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Asad Rahman

Attorney

J.D.

2,804 satisfied customers
I'm one of three in a general partnership. Two want out and

I'm one of three in a general partnership. Two want out and I agreed to buy there respective 33-1/3% interest for a fair price. One of my partners believes the business must be dissolved and the assets sold for fair market value. I want to continue business - my partners don't - can we hire a lawyer to draw a contract that exchanges respective interest (including all future liabilities) for cash. Would that be sufficient to separate from my partners?

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AttyHeather

Attorney

Juris Doctorate

760 satisfied customers
In terms of liability (not tax). What are the differences

Hi ,In terms of liability (not tax) . What are the differences between LLC, LLC and PC. In my specific example there are two partners/members/shareholders.For example: issues such as liability for the other partners, type of protection (debt, mal practice , neglagece), etc.

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DrakeLAW

Juris Doctorate

534 satisfied customers
While working with a previous business, I spent months

Hello.While working with a previous business, I spent months designing & creating a very creative business display showcase for an industry show. To be noted-I owned every single item that was on display. This showcase is a portion of my resume and, obviously, both the other business and myself have images of the showcase display many places online as promotion. I am unsure when this occurred, but it has recently been brought to my attention that the other business has removed myself and my business name from the 'credits' on all of the images associated with this event. In addition, there are numerous additional ways in which they are using photos, in which, the photographer, the dress designer, the florist, etc. are ALL given their deserved credit, but I am not as the stylist and/or decor designer. Do I have any rights in this situation?

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MDLaw

Attorney

Post-Doctoral Degree

4,300 satisfied customers
A Colleague and I are starting a Life Coaching business

A Colleague and I are starting a Life Coaching business together. Currently, we are sole proprietors, living in Georgia and Virginia. We are becoming 1099 contractors of a Coaching company (I think Inc.) that specializes in working with clients with PTSD. We will be Coaches, NOT therapists.We are trying to decide the best tax/legal structure that best protects us personally and professionally.Questions:1. What are the advantages or disadvantages of forming an LLC together?2. Should we just form our own LLC and collaborate?3. What kind of liability do we need? We will not be covered by the larger Coaching company.Thank you!Jan Klos in Atlanta

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Richard - Bizlaw

Juris Doctor

9,608 satisfied customers
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