Business Law

Ask a business lLawyer. Get business law questions answered ASAP.

Ask a Lawyer,
Get an Answer ASAP!

Related Business Law Questions
My husband and I had a failed business years ago and instead
My husband and I had a failed business years ago and instead of going bankrupt, we worked with a settlement company that settled all but o e of our debts. The one left was a SBA loan that was just ove… read more
Attorney Wendy
Attorney Wendy
Member
Juris Doctorate
1,702 satisfied customers
I am in the process of pursuing an SBA loan. I was searching
I am in the process of pursuing an SBA loan. I was searching SBA loans info on the internet and came across a company, which, claimed that they can assist getting these loans by collecting all the inf… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
20,847 satisfied customers
My husband and I had an LLC that built a full service car wash
My husband and I had an LLC that built a full service car wash and were approved through a community lending bank for a 504 SBA loan. We contracted with a local bank for the construction loan which wa… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
My business partner and I own a business (LLC) that has a $240,000
My business partner and I own a business (LLC) that has a $240,000 SBA loan, secured by each of our individual homes. During the sale of his home, he negotiated a payoff with the bank by making a paym… read more
Attorney2020
Attorney2020
Attorney
2,580 satisfied customers
I inherited a corporation from my father just before he passed
I inherited a corporation from my father just before he passed away. He has an SBA loan that he personally guaranteed. Will I now be required to personally guarantee that loan as the new owner of the … read more
TaxAttorneytoHelp
TaxAttorneytoHelp
Owner
Doctoral Degree
2,542 satisfied customers
I have another question related to the same issue. My partners
I have another question related to the same issue. My partners are coming up with a separate contract for the buy out. I will continue to remain on the SBA loan till they refinance in 2 years or so. S… read more
Legalease
Legalease
Attorney At Law
Doctor of Law w/ highest honors
15,719 satisfied customers
I would like to know how bad credit impacts an application
I would like to know how bad credit impacts an application for an SBA Loan. I was unemployed or underemployed for about 4 years and we had continual challenges with mortgage payments and hit 60 days p… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
Business bills and shutting down in lawsuit period. The
Business bills and shutting down in lawsuit period. The business owner is suing the previous owner for fraud/misleading earning financial. The business is having negative cash flow. If the owner shuts… read more
Irwin Law
Irwin Law
Juris Doctor JD
7,191 satisfied customers
SBA wants to collect. Im a partner (CTO) in a WA based corp
SBA wants to collect. I'm a partner (CTO) in a WA based corp small business. I resigned from the company in early 2007, however, in 2003 we applied for a 3 year SBA 50K loan which according to my copy… read more
MShore Law
MShore Law
Attorney
Doctoral Degree
1,233 satisfied customers
The following was not answered. This is a re-post again. a
The following was not answered. This is a re-post again. a question related to bought a business serving Medicaid patient. I need to know the following: 1) the ground to sue the seller because the sel… read more
socrateaser
socrateaser
1,031 satisfied customers
My business partner (50/50 ownership) changed the business
My business partner (50/50 ownership) changed the business address and vice president with an fraudulent Amendment of Articles of Incorporation filing. Can I file a new Amendment even though the fraud… read more
Rudis  Law
Rudis Law
JD; LL.M. - Tax
5 satisfied customers
My SBA loan has been assigned to my banks special assets division.
My SBA loan has been assigned to my banks special assets division. I have been slow on payments but not in default over the last few months. What does this mean?… read more
MShore Law
MShore Law
Attorney
Doctoral Degree
1,233 satisfied customers
I have a SBA loan in which I am considered in default because
I have a SBA loan in which I am considered in "default" because I closed the business. ( I make the monthly payment every month and have for the past 1 1/2 years since the business closed) They withou… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
will the sba portion of a business loan to a llc that is personally
will the sba portion of a business loan to a llc that is personally guaranteed be discharged in a successful chapter 7 filing?… read more
Maverick
Maverick
Doctoral Degree
6,458 satisfied customers
I live in MO & my ex owns a company under an S Corp. He purchased
I live in MO & my ex owns a company under an S Corp. He purchased this business with an SBA loan and line of credit that is tied to the house as collateral & I had signed a personal guarantee on the b… read more
socrateaser
socrateaser
1,031 satisfied customers
Im looking for precedents/rulings to show a Prefered Lender
I'm looking for precedents/rulings to show a Prefered Lender under the SBA 7(a) small business lending program is legally bound by the federal statue that created the program and SBA implimenting poli… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I am a partner in an S corp in the state of Missouri. My
I am a partner in an "S" corp in the state of Missouri. My partner and I both own 50% of the company. We obtained a line of credit in the company name, backed by the SBA, and we both had to sign perso… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
Can an estoppell leter be used, to enforce the payment of ...
Can an estoppell leter be used, to enforce the payment of commissions, at the closing, of the sale of a business? Seller is having her attorney conduct closing, on behalf of her, the buyer and SBA loa… read more
FiveStarLaw
FiveStarLaw
Attorney
Doctoral Degree
477 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Infolawyer

Infolawyer

Attorney

2,032 satisfied customers

Experienced lawyer

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

1,611 satisfied customers

Run my own successful business/contract law practice.

MShore Law

MShore Law

Attorney

1,233 satisfied customers

Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements

RGMacEsq

RGMacEsq

Attorney

778 satisfied customers

Licensed Texas General Practice Attorney

Barrister

Barrister

Attorney

683 satisfied customers

17 years practicing attorney, JD, BA, MBA

Ely

Ely

Attorney

604 satisfied customers

Counselor at Law.

J.Hazelbaker

J.Hazelbaker

Attorney

393 satisfied customers

Experienced and trained in the area of business law.

< Previous | Next >

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x