Business Law

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

Ask a Lawyer,
Get an Answer ASAP!

My friend has business and I want to be part of that

Customer Question
My friend has business...

My friend has business and I want to be part of that business ...can he sell part of that business

Lawyer's Assistant: What state are you in? And have you consulted a local attorney?

NJ business inb PA

Lawyer's Assistant: Has anything been officially filed? If so, what?

He has already gas station business and I want to buy from him 15 %

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

The business is a 2 gas stations ...one is LLC the other one is corporate .and want to see how I can be officially part of that business

Submitted: 8 months ago.Category: Business Law
Show More
Show Less
Ask Your Own Business Law Question
Answered in 5 minutes by:
9/10/2017
Business Lawyer: P. Simmons, Attorney replied 8 months ago
P. Simmons
P. Simmons, Attorney
Category: Business Law
Satisfied Customers: 36,943
Experience: 12+ yrs. of legal experience.
Verified

Thanks for the chance to help. I am an attorney with over 12 years experience. Hopefully I can help you with your legal question.

Ask Your Own Business Law Question
Business Lawyer: P. Simmons, Attorney replied 8 months ago

I am sorry for this dilemma. But not sure I understand your specific question. Is your friend the sole owner of this business? Or are their coowners?

Ask Your Own Business Law Question
Customer reply replied 8 months ago
he has 50% ,and my other friend has 50% .
Business Lawyer: P. Simmons, Attorney replied 8 months ago

Thank you

And do you know what their operating agreement says about this? Does it allow sale?

Ask Your Own Business Law Question
Was this answer helpful?
Ask Infolawyer Your Own Question
Infolawyer
Infolawyer
Infolawyer, Attorney
Category: Business Law
Satisfied Customers: 1,978
1,978 Satisfied Customers
Experience: Experienced lawyer

Infolawyer is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

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

1,978 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

751 satisfied customers

Licensed Texas General Practice Attorney

Barrister

Barrister

Attorney

646 satisfied customers

17 years practicing attorney, JD, BA, MBA

Ely

Ely

Attorney

577 satisfied customers

Counselor at Law.

J.Hazelbaker

J.Hazelbaker

Attorney

393 satisfied customers

Experienced and trained in the area of business law.

< Previous | Next >

Related Business Law Questions
My 50 / 50 Delaware LLC business partner has been withholding
My 50 / 50 Delaware LLC business partner has been withholding my draw request. Could I sue him personally to release the funds? Or do I need to sue the LLC?… read more
BartEsq
BartEsq
Attorney
Doctoral Degree
674 satisfied customers
I would like to make, bottle and sell my grandmothers Iced
I would like to make, bottle and sell my grandmother's Iced Tea. I have been told my hundreds of people that It should be sold in stores. I have NO idea how to get started.… read more
FraudExaminerNate
FraudExaminerNate
Managing Member
Juris Doctor
286 satisfied customers
Can an LLC have multiple operating agreements? We have an
Can an LLC have multiple operating agreements? We have an LLC that is a private placement fund and want to have 2 invesor classes. The current investors stay with the operating agreement they signed. … read more
Roger
Roger
Litigation Attorney
Doctoral Degree
26,934 satisfied customers
I have a business question for my LLC I own an LLC in Oregon
I have a business question for my LLC I own an LLC in Oregon but are looking to acquire a franchise in Florida under the same LLC … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I am amending a LLC Operating Agreement and removing a
I am amending a LLC Operating Agreement and removing a deceased member. We want to provide a small sum of money to the widow for the deceased members shares. What legal form is required to legally com… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I have 2 summer camp businesses. One is an LLC and the other
I have 2 summer camp businesses. One is an LLC and the other is an S corp. I want to know if I can pay into my kids college fund directly from these accounts instead of paying me and then paying into … read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
609 satisfied customers
I have a judgement in California against an LLC business and
I have a judgement in California against an LLC business and the owner opersonally for some accounting we did fr him and jis busnisee. … read more
Ray
Ray
Lawyer
Doctoral Degree
32,562 satisfied customers
Do Operating Agreements or By Laws have any meaning outside
Do Operating Agreements or By Laws have any meaning outside an LLC or other corporate structure? Our principle founder has moved from including all of the founders under one LLC to us all simply being… read more
WiseOwl58
WiseOwl58
JD Honors Graduate
4,105 satisfied customers
Do yall draw up LLC operating agreements?. The articles of
hello JA: Hello. How can I help? Customer: do yall draw up LLC operating agreements? JA: Can you tell me what state the LLC is registered in? Customer: Virginia JA: Has anything been officially filed?… read more
Damien Bosco
Damien Bosco
Attorney
Doctoral Degree
4,482 satisfied customers
Does an LLC business pay the new business tax rates? If not
Does an LLC business pay the new business tax rates? If not what business types could I form to pay the new rates and not my personal tax rate? How is the 20% deduction calculated?… read more
Attorney Wendy
Attorney Wendy
Member
Juris Doctorate
724 satisfied customers
I assigned my patent to an investor. the operating agreement
I assigned my patent to an investor. the operating agreement gave me controlling rights etc however they have now reassigned the patent to another company.… read more
Asad Rahman
Asad Rahman
Attorney
J.D.
2,428 satisfied customers
We are creating an operating agreement (OA) for how our
Hi there, We are creating an operating agreement (OA) for how our Florida-based LLC should be run. Is there anything in law that says a lawyer must write this or can we (non-lawyers) as owners write i… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,756 satisfied customers
FOR LORI ONLY - This is our operating agreement in full,
FOR LORI ONLY - This is our operating agreement in full, just not with signatures. Didn't have access to scanner today to scan with signatures.… read more
Lori
Lori
Juris Doctor
1,315 satisfied customers
My business partner sold are llc 50/50 owned business with
my business partner sold are llc 50/50 owned business with out my consent. or knowledge is there legal action i can take? … read more
Ely
Ely
Attorney
Juris Doctor
577 satisfied customers
In an operating agreement i need to restricted the manager
In an operating agreement i need to restricted the manager how do i word that professionally… read more
Ely
Ely
Attorney
Juris Doctor
577 satisfied customers
What is the best price for making a LLC Operating Agreement?
What is the best price for making a LLC Operating Agreement? I can give a generic template and then I can tell you few things I want added to meet our needs or you can use your template. Let me know. … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I want to create an operating agreement for an existing LLC
I want to create an operating agreement for an existing LLC in Ketchikan, Alaska. This LLC is principally involved in cultivating cannabis and manufacturing cannabis products. This LLC is a legal and … read more
WiseOwl58
WiseOwl58
JD Honors Graduate
4,105 satisfied customers
Is an LLC operating agreement between 4 members valid if
Is an LLC operating agreement between 4 members valid if only 3 members signed it ? … read more
Roy Hadavi
Roy Hadavi
Attorney
Juris Doctorate
1,210 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).

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