Join the 9 million people who found a smarter way to get Expert help

Recent Partnership questions

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?

Read more

Barrister

Attorney/Landlord/Realtor

Doctoral Degree

46,180 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

Read more

Asad Rahman

Attorney

J.D.

2,704 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?

Read more

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.

Read more

DrakeLAW

Juris Doctorate

512 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?

Read more

MDLaw

Attorney

Post-Doctoral Degree

4,296 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

Read more

Richard - Bizlaw

Juris Doctor

9,590 satisfied customers
I own 45% of a company and was acting COO for the past 10

I own 45% of a company and was acting COO for the past 10 months. My business partner (55%) is changing the direct of the company so I am resigning and going to be a 45% silent owner. How do I get paid? And what? We have no operating agreement.. we sell about 1k worth of goods a month.

Read more

Asad Rahman

Attorney

J.D.

2,704 satisfied customers
I created a single-member LLC 3 years ago and now want to

I created a single-member LLC 3 years ago and now want to add other members to make my LLC a multi-member LLC. How can we change to partnership ? also How can we change to S corp if possible ?

Read more

Richard - Bizlaw

Juris Doctor

9,590 satisfied customers
I made the extremely stupid mistake of going into business

I made the extremely stupid mistake of going into business with my gf, now ex. She does everything she can to drive me nuts. I've tried to buy her out but she refuses. She says she'll buy me out but never does what she says and constantly tries to talk me into staying because she can't actually run it herself. What can I do legally to get out of the situation? If she continues to keep me trapped can I just take my invested share of equipment and leave, or Atleast threaten it to pressure her to follow through.

Read more

Asad Rahman

Attorney

J.D.

2,704 satisfied customers
View more business law questions
In The News