Small Business In Iowa and also a location in New Orleans
Small Business In Iowa and also a location in New Orleans LA. We are resellers of Body Armor Products and we are looking into offering our customers STORE CREDIT in the amount of $250-500 to start. We are wondering about the rules, terms needed, Interest charge limits, etc. We are RAW and want to make sure we kick this off the correct way for our business. Need templates and what's needed to either operate this from our LA or IA location and which would be best. Thanks
I now contract gigs (entertainment bookings) full-time
I now contract gigs (entertainment bookings) full-time (rather than part-time) and wanted to make sure that I do not need to provide health insurance to the musicians whom I contract (they are not employees). Do the following factors place an impact?1. The fact that I contract gigs full-time now in multiple states in the U.S.2. The number of musicians whom I contract. If so, how many musicians do I need to contract in order to need to provide them health insurance? If that applies, do I need to provide health insurance to all contracted musicians, or just the ones who meet certain criteria?3. Is the amount of income that I make a factor? If so, at what income level would I need to provide health insurance to the musicians whom I contract?4. Is the amount of income that the musicians make from these gigs a factor? If so, at why income level would I need to provide health insurance to the musicians?
I am a small business owner, tile setting. I tiled a house
I am a small business owner, tile setting. I tiled a house for a lawyer, he paid me 11000 when the job was almost done, then signed that the remainder of 3980 would be paid on completion. Somehow the shower pans got scratched, could have been me or the sheetrockers. He is claiming that it is my fault. He was happy with tile. Now he is saying he wants me to tear out all showers and put in new tile and pans. What is the consequence here for me if I refuse?
Person A sells persons B1&B2 a small business. Later B1 goes
Person A sells persons B1&B2 a small business.Later B1 goes to A and signs Bill of Sale #2 and registers with SOS sans B2I would think the original sale would stand and the second void.JA: What state are you in? It matters because laws vary by location.Customer: COJA: Has anything been filed or reported?Customer: The second was filed with the SOS as a Family Trust??? without the knowledge of B2JA: Anything else you want the lawyer to know before I connect you?Customer: business hanging by a thread
I am trying to find requirement of commercial loan broker in
I am trying to find requirement of commercial loan broker in illinois.JA: Has anything been officially filed? If so, what?Customer: No I have just started reserching this field.JA: Anything else you want the lawyer to know before I connect you?Customer: Nope
If a Florida corporation CFO is known to have engaged in
If a Florida corporation CFO is known to have engaged in sexual harassment, which is known by the board, and no further action is taken- what is the liability for the board?JA: Since business law varies from place to place, can you tell me what state the corporation is registered in?Customer: FloridaJA: Has anything been officially filed? If so, what?Customer: NothingJA: Anything else you want the lawyer to know before I connect you?Customer: The CFO was also known to have passed inside information. Also, the Florida corporation is publicly traded.
I've had a small business, sole-proprietorship for 32 years.
I've had a small business, sole-proprietorship for 32 years. 15-20 years ago my bank (it's a large US bank) gave me a $100K secured line of credit requiring interest-only payments. We maxed it out during the crash, 2008-2009, and set up monthly auto-payments from our business checking account to cover the interest. Three years ago in a first-step effort to someday pay it down, we set-up auto-payments of $200/mo towards the principal. We've shown nothing but good-faith and want to increase principal payments as soon as we can. We don't want to be paying 6% on this loan forever.In June I got a call from some division of the bank calling in the loan. He asked if I could make a large principal payment then much higher monthly payments. I couldn't. He said he understood, and has to turn it over to the high-risk dept. They'll contact me and let me know if there's anything they can do for me.Yesterday when the $40K was taken from my account, I called and was told they'd tried contacting me at least a half dozen times, including two letters. Honest to God I didn't get those letters (I would NEVER have ignored them). And she left four phone messages for me, but I thought they were sales calls; she gave her name in the messages, saying she's with the bank, but nothing else. I get sales calls from all three of the banks I have accounts in – offers to refinance, investment tool offers, etc. I didn't recognize her name so I didn't return her calls.I've been with this bank at this location for 25 years (it was two other banks before this one absorbed the last about 15 years ago). I have numerous accounts with them and have been a model customer. We also had our business in their building (my branch building) for twenty years. Up until 2.5 years ago, we paid rent of (depending on how much space we needed at any given time) between $3200 and $6500/mo.My wife and I begged and pleaded with the woman on the phone yesterday asking for her to put the money back and set up a more aggressive monthly payment plan. We proposed $2000/mo. The loan would be paid off in four years. She wouldn't budge. They were keeping the $40K and we need to set up a monthly payment for the balance.We pleaded and pleaded and after checking with her supervisor (who she would not let us talk to), she said they'd put $15K back in the account if we signed a monthly payment schedule for the balance.My question is, is there anything I can do but say yes? This is going to wipe out what's left of my piddly retirement account. Bankruptcy is not an option. And the only other asset I have is my home. Do I have any negotiating clout? Would they reduce the amount due, or do they have no incentive to do that? Tx
I have a particular situation, and I want to protect myself
I have a particular situation, and I want to protect myself as best I can, from being sued.I am a very small business (sole proprietor) and I sold a piece of equipment to the buyer, using a contract that included my 6 month warranty covering parts and labor for any manufacturer's defect in the product. The original and actual manufacturer's warranty had expired. This means that . . . . In the event of a manufacturer's defect, that I would pay for the parts and labor to get the equipment repaired. If anything happened that was not due to a manufacturer's defect, I would not be responsible for the repair.During the 6 months warranty period, the piece of equipment became severely damaged.I told the buyer where to send the equipment for repair . . . to first have the repair facility assess what happened, to first determine if this was a manufacturer's defect, or some user-error. I did not attempt to influence their findings in any way. I did not even tell them anything about my warranty, etc. . . The repair facility assured me that this was a case of user error and not a manufacturer's defect.I explained to the buyer in detail what they discovered about the fault being user's error.The repair is expensive to fix ( $6,000 ). I explained this situation to the buyer (by phone and email). I even said that because I feel badly about this happening, that I would pay for part of the repairs. The buyer's thinking is that he did nothing incorrectly and that I am fully responsible for the repairs. He has ceased communication with me – does not respond to my emails or phone calls.I am expecting him to sue me, and I want to better my position now, to better protect myself from a lawsuit, if possible.The buyer lives and works in Georgia and I live and work in California. Our sales contract also states that any dispute will be resolved by arbitration in the county where I live and work.My goal is to avoid a lawsuit, or make me less of a target for any attorney he will try to hire.Right now, the main area of vulnerability that I think I have is as follows:If he takes the position that he sent the equipment back (he did send it, but not to me, he sent it to the repair facility = manufacturer) and therefore he may take the position that the equipment is no longer in his possession and therefore he has grounds to demand a refund. I am thinking he would sue me and the manufacturer / repair facility (because they have deeper pockets).I want to reinforce that he is the owner.My concern is that possession is 9/10s of ownership and he is no longer in possession of this equipment.To address this and to clarify the ownership verses current possession . . . . . . I was thinking to advise him that after next week (30 days at repair facility) there will begin a storage fee charge. And then begin to bill him monthly or weekly for storage fees. I think this helps to clarify that he is still the owner, even though he may say that he sent the equipment back.And the fact is that this equipment has been at the repair shop for almost 30 days and something needs to be done about that. There is no reason he would accept it if it were shipped back to him – it is useless until it is repaired. So I need to motivate him to do something: . . . . written permission to dispose of it, or . . . something.Is my idea about charging him for storage to continue to show his possession, a sound idea?How to dispose of, or sell for parts, this un-usable equipment without further prompting a lawsuit?Geoffrey
Can you dissolve a corporation while it is being sued or do
Can you dissolve a corporation while it is being sued or do you have to wait for a judgement? There are no assets, it's a small business that provides a service, thus if a judgement is placed it cannot pay it and thus either file for bankruptcy or just dissolve it.