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
1,897 satisfied customers
I am opening a new business and the bank has required me to
I am opening a new business and the bank has required me to use the SBA for the loan. In order to start the business sooner I have paid out of pocket and off of my current lines of credit to start my … read more
Phillips Esq.
Phillips Esq.
Attorney
JD
21,058 satisfied customers
What are the requirements to (a) sell to government in the
What are the requirements to (a) sell to government in the U.S., (b) become certified as women-owned, (c) become certified as minority owned business? I live in Lee's summit, Missouri.… read more
DamienJD
DamienJD
Attorney
Doctoral Degree
5,920 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
21,058 satisfied customers
Richard, An SBA lender told me today that I need $1MM in order
Richard, An SBA lender told me today that I need $1MM in order to get a $5MM loan. If I was to sell 20% of my company to a third party for $1MM, would that likely be acceptable to SBA or even a hard m… read more
Richard
Richard
Owner
Doctoral Degree
50,781 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 have another question related to the same scenario. Actually
I have another question related to the same scenario. Actually the buyout terms that my partners are offering us are not very attractive. However we have no other option as they don't want to work wit… read more
Richard
Richard
Owner
Doctoral Degree
50,781 satisfied customers
I am part of a new Native American Company and wanting to complete
I am part of a new Native American Company and wanting to complete SBA criteria for getting a loan or grant. They require a business plan. The company wants to invest in multi-family and/or single dwe… read more
Dimitry K., Esq.
Dimitry K., Esq.
Attorney
Doctoral Degree
1,611 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
SBA Loan Question. My partner and I are looking to acquire
SBA Loan Question. My partner and I are looking to acquire a business for 7 million dollars. We would raise about 2 million dollars in equity and try to do the rest, 5 million through an SBA loan if p… read more
JerrySJD
JerrySJD
Attorney-at-Law
Doctoral Degree
189 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
Im interested as forming my new company as an A8, but Im
I'm interested as forming my new company as an A8, but I'm not sure of the process or how to qualify. My heritage is Armenian (100%) and I'm first generation in the US. I've had several business in th… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,780 satisfied customers
Question on the Statutory Meaning of "Majority Owned" in the
Question on the Statutory Meaning of "Majority Owned" in the context of Native American Majority Owned business preference. Where a company is formed to buy Native American acgricultural products and … read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,780 satisfied customers
I applied for 8a SBA BD development program certification and
I applied for 8a SBA BD development program certification and in 7 days received an email from SBA that: "Your firm has a negative net worth for three consecutive years and your firm does not have sig… read more
FLACORPLAWYER
FLACORPLAWYER
Doctoral Degree
1,750 satisfied customers
I was persuing a SBA loan for a restaurant. After 4 submissions
I was persuing a SBA loan for a restaurant. After 4 submissions by my bank they used an outside SBA loan preparer. He fixed what was wrong, resubmitted and after 2 small corrections we now have the ap… read more
Lawgirl
Lawgirl
Founder
Doctoral Degree
4,606 satisfied customers
I have an LLC in louisiana ,I have a man who has a contractors
I have an LLC in louisiana ,I have a man who has a contractors license I need for my bussiness,he is willing to become the qualifying party for my LLC . The state licensing board will allow this if he… read more
FLACORPLAWYER
FLACORPLAWYER
Doctoral Degree
1,750 satisfied customers
I had asked you a question earlier also that I bought classic
I had asked you a question earlier also that I bought classic cleaners for $700,000.00 and I was a victim of fraud. The business had more than $200,000.00 payroll tax and EDD liens on the business.I h… read more
socrateaser
socrateaser
35,655 satisfied customers
Will the sba and or bank take less than is owed on a business in foreclosure
My business is really suffering and could possible go out of business. The loan I have is an sba 504 and the other half is a bank loan, backed by the sba 504 loan. Do either ever take less than what i… read more
Law Pro
Law Pro
Doctoral Degree
19,000 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

2,110 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

793 satisfied customers

Licensed Texas General Practice Attorney

Barrister

Barrister

Attorney

692 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