My mother owned a piece of real property when she passed away. There was no Will. There were two lineal descendants which are my sister and I. My sister and her husband moved into the house. We never made a claim of the inheritance with the courts. My sister passed away with no lineal descendants.... Read more »
I wanted to start a company with an associate of mine a few years ago. We agreed on how we would structure the company and what our roles would be. I would develop the product and he would handle business and sales operations.
Without the company being formalized, I created the product... Read more »
You may have formed a general partnership. A partnership is a business form created automatically when two or more persons engage in a business enterprise for profit. I would have him signed documents stating that no partnership was formed and disclaiming any rights to the product.
You can buy a business via an asset purchase, where you will have to create a corporation or LLC to buy the assets or you can buy the whole corporation. An asset purchase is like having an all-you-can-eat buffet. It allows you to be able to pick what you want and ignore the funny tasting stuff. You...Read more »
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