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Questions Answered by Demitrus Thomas Evans
1 Answer | Asked in Business Law for Illinois on
Q: My current wife and I started a business 13 years ago and it grew real well. Now I have no control over anything

About 1 year ago couple things happened and I made a bad panic decision. I own up to it and this year I kick but trying to reverse the damages. In doing so we or should insaybi was told that if I sign 51% of the business over to her we would get a big tax break cause she would be a minority... View More

Demitrus Thomas Evans
Demitrus Thomas Evans
answered on Dec 5, 2023

This is really concerning. Normally, the business accounts should be separate from your personal accounts. So it would be great to clarify with you how many accounts they are and why there are so many for the business.

If your name is associated with the accounts for the business then you...
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1 Answer | Asked in Contracts and Consumer Law for Illinois on
Q: If a dealership forgets to charge your $$ down and signed the contract already do you pay it or can I return the car?

Purchased a vehicle in IL over the wknd. I and they forgot about the $$ down payment. I signed the contracts. They called me up to request I pay it. Can I legally return the vehicle or do I have to pay the $$? I have it, just having buyers remorse and thought this might be a legal opportunity to... View More

Demitrus Thomas Evans
Demitrus Thomas Evans
answered on May 2, 2023

Thank you for the questions. I can't be certain unless I have read the contract. Did you read it in detail? Are there parts that you do not understand?

When you look closely at what they did charge you sure that the downpayment was not included?

People will ask me "How...
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1 Answer | Asked in Business Law and Landlord - Tenant for Illinois on
Q: Is it legal for my business landlord to ask for financials 3 years into a lease?

Lease and rent are current and up to date.

Demitrus Thomas Evans
Demitrus Thomas Evans
answered on Jan 23, 2023

This seemingly is a landlord-tenant issue. However, as a practical matter for business, if you have already signed a lease and been in it for 3 years, this appears to be out of their right to request.

However, I can see it making sense in two scenarios: if you have fallen behind and there...
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1 Answer | Asked in Contracts, Business Law and Internet Law for Illinois on
Q: If you already have an LLC and you create a new unique product - is it better to set up a new LLC to separate it?

I am wondering about legal protection and how it works with legal issues. If an issue surfaces and you have multiple LLCs do they all get called into court since your name as a member is on all of them - is there really any more legal protection with a LLC vs ones that already exist?

Demitrus Thomas Evans
Demitrus Thomas Evans
answered on Dec 23, 2022

No, the LLCs are separate, if you have kept them separate with different bank accounts, addresses, etc.

If your new product can be protected because of its new process (it does something that no other product does) perhaps your protection is not from the type of structure but in...
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1 Answer | Asked in Business Law for Illinois on
Q: company name being used in another state by another company

my company name in Illinois is also the name of a company in another state. any recourse?

Demitrus Thomas Evans
Demitrus Thomas Evans
answered on Jan 25, 2023

The issue is the infringement of a trade name. Is your name registered with the USPTO? or anywhere? Is their name registered? If not, you need to get registered, if possible. There are some issues. However, there are some claims for rights that are common law. You may need a legal consultation.... View More

1 Answer | Asked in Banking and Business Law for Illinois on
Q: trying to make a determination on corp account escrow or not

We are hiring truck drivers for our company and want to hold $125 week out of their pay (for repairs or abandonment) until they hit $1,000- $3,000k. Would this have to be in a escrow account? The money will be in the account for the duration of their employment.

Demitrus Thomas Evans
Demitrus Thomas Evans
answered on Aug 11, 2022

Corp account escrow or not? Can you provide some details on the issue?

1 Answer | Asked in Business Law for Illinois on
Q: What are the facts before the initial lawsuit was filled What are the issues of law The courts ruling and holding

Was the court ruling correct or incorrect

Demitrus Thomas Evans
Demitrus Thomas Evans
answered on Aug 2, 2022

Good day, thank you for sending us the question but can you give us more specifics?

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