Wondering if a business sale contract gives similar protection benefits to something like a mechanic's lien - where the debt can be secured with property or other collateral.
answered on Nov 23, 2022
The sale of a business can be collateralized just like other transactions. As long as real estate securing the transaction is not a homestead, real estate can secure the transaction. This is commonly done with a deed of trust.
Perfecting a security interest has different requirements... Read more »
I was leaving a parking lot, when something started to scrape under the car. I got out, and realized that instead of parking blocks, the spaces had metal bars sticking a foot out of the ground. It's a dirt and gravel parking lot, so the bars almost blend into the ground, and they're not... Read more »
answered on Oct 27, 2022
A Texas attorney could advise best, but your question remains open for two weeks. It doesn't seem like a good practice for non-security purposes. Based on the description being dirt and gravel, if it's an old and neglected lot, it could be exposed rebar from deteriorated concrete blocks.... Read more »
He claimed he was the best. I know alot more now about PCs than when I hired him. I put down $250 and the overall fee I'm supposed to pay upon completion is way over market price and reluctantly I agreed as long as I had in writing what service after the sale would I be receiving. Never got... Read more »
answered on Oct 24, 2022
This may be a breach of contract. I would need to learn a few more details. If it is a breach, you can likely take legal action.
Hello, I am an independent contractor based in France. I worked as a remote worker for a used cars dealership based in Garland, TX for over a year. The first inquiry was through Fiverr and then we worked directly. This dealership's main business is to find cars with clean titles and clean... Read more »
answered on Oct 12, 2022
You can likely sue the dealership for breach of contract. If the agreement is between the dealership and your company, make sure that your company is registered to do business in Texas and is in good standing before filing suit.
You most likely can sue in justice of the peace court given... Read more »
I am Ukrainian citizen living in the USA as a student waiting for my F-1 visa and TPS and I want to open an online business.
I want to open drop shipping business I have an Ukrainian card and I have a card in PNC bank that I just opened, but because I am minor it was opened on my host mom... Read more »
answered on Sep 20, 2022
In my experience, business owners generally hire an accountant to help them navigate the taxes.
I really like Peters CPA, LLC https://www.lpeterscpa.net/ or (972)863-9640.
answered on Sep 19, 2022
This may be a breach of contract. I would need to see the contract.
A car crashed into a restaurant injuring one person critically, destroying a wall and possibly the integrity of the structure itself. The Restaurateur leases the property and the landlord does have insurance. The landlord may or may not have business interruption insurance. Additionally,... Read more »
answered on Sep 16, 2022
It is unlikely you will find an attorney willing to take such a case pro bono. Moreover, it is unlikely that you will need to do so.
The restauranteur should report the claim to its own insurance company. The insurance company should cover the restauranteur's damages and will be... Read more »
In 2014 I created drawing samples for a person who asked for them because she was writing a children's book. I sent a set of 4 designs and asked her to choose the one she liked best. She chose two and said that she would speak to me again after she talked to her PR person. But I didn't... Read more »
answered on Sep 15, 2022
I believe that you may have a case. I would have to see all the interactions.
answered on Sep 7, 2022
It is highly recommended that you not attempt to represent yourself in such a proceeding. Depending on whether your business is a sole proprietorship, limited liability company, or corporation, you may not be able to legally represent your business in a Texas court.
I'm sure you... Read more »
The contract was signed last year 7/21. After the money was sent, the individual vanished. I tried several times to collect payment. The money was indented and written for the investment of an 18- wheeler truck. The contract also stated I could have rights to drive. At this time I'm not... Read more »
answered on Sep 1, 2022
You most likely need a debt collection attorney in the state where the LLC on the loan contract is located and where the individual resides.
I am a real estate professional. I just recently discovered that an Appraisal Management Company which also does Broker's Price Opinons, had approved application from someone claiming to be me. The imposter was using my inactive real estate license to illegally perform BPO's. The imposter... Read more »
answered on Sep 1, 2022
This particular type of dispute falls into the area of law known as professional liability. If you have a Real Estate Professional Errors & Omissions Insurance Policy, you should report the claim made against you to your insurer, who will most likely provide a defense to you.
Because... Read more »
So she made them at that time and billed for them. I have not paid and have not received. Is this fraud
answered on Aug 29, 2022
No, you are not likely guilty of fraud based on the facts as stated.
This is more of a civil law question than a criminal law question. While there are many nuances to fraud, it usually requires a false representation of material fact which you knew was false or which you made recklessly... Read more »
I have started a club called Project: In need, and I wanted to have monthly events such as car wash, lemonade stand, bake sale, etc to raise money so that my club could make goodie bags for emergency shelter workers.
answered on Aug 20, 2022
No you do not. You can even file a "domestic public organization" with the State of Texas - Secretary of State. This is pretty easy and should cost I think less than $50 dollars. People start go fund me organizations online all the time, they do no need any special recognition from the... Read more »
The other partners had no knowledge of any of this until after the fact. This has impacted the partners big time changing the dynamic. The problem is the one owning 50% now is in no way equipped to make financial decisions on behalf of the company. He's already proven that. At the very least... Read more »
answered on Aug 7, 2022
Do you have an operating agreement? Most operating agreements have buy-out clauses that prevent this from happening. Without an operating agreement, your options are limited.
I am a truck driver. In one of my deliveries, my trailer was damaged by one of the employees of the warehouse. They have accepted responsibility but have neglected my claim for the diminished value of mu trailer. I was going to sell it for 70k but now due to the accident the value of the trailer... Read more »
answered on Apr 16, 2022
A Texas attorney could advise best, but your question remains open for four weeks. I'm sorry for the damages to your trailer. You have a number of options. The first would be the cheapest, which is trying to continue negotiations. At this point, you may have already resolved the matter. But if... Read more »
I would prefer for it to be some type of corporation.
I saw this list: https://www.rocketlawyer.com/business-and-contracts/starting-a-business/non-profit-incorporation/legal-guide/types-of-non-profits
501(c)(7) doesnt really fit because we would not be limited to membership.... Read more »
answered on Apr 5, 2022
Most lawyers who offer advice on a question like this will ask a lot of questions to dig deeper into the details before offering advice. I have about fifteen that I go through when somebody is asking for advice on whether to form a nonprofit.
First, some background to be sure we are on the... Read more »
answered on Apr 4, 2022
Congratulations on being a business owner!
The business will be valued as part of your overall estate. The profits generated from your business can factor in to the overall value of your business. How your business is valued will depend on many factors, including the type of business... Read more »
Title. The car was repossessed after I fired their son and I guess they stopped making payments then. The Lien holder gave me the car with my name as the customer without any payment due and I have a paper with all information saying so. Would the car then be mine?
The first part of the... Read more »
answered on Apr 3, 2022
If you only paid the lienholder, but not the actual seller, then the vehicle would still belong to the seller. The lienholder can only release its lien; it cannot give you title to the vehicle (unless the lienholder had repoed the vehicle).
If you only paid the seller, but not the... Read more »
These vehicles were provided to the US military from 1984 - 1987. I believe similar brush guards were an option on GM trucks as early as the 1960's. I would like to reproduce this brush guard for the same GM vehicles and other vehicles with slight modifications. Thanks for any help you can... Read more »
answered on Mar 29, 2022
Sorry to be getting to this so late.
This is a common type of question, but unless the brush guard was ornamental, finding the patent is not going to be very helpful. The drawings that come with patents are there to help the reader understand the invention, and are not meant to be... Read more »
The survey is a questionnaire to be administered as part of a education grant.
answered on Mar 28, 2022
I see that you are located in Albuquerque, NM but are asking a business law question for Texas. If this is a Texas legal matter, my thoughts are as follows:
I recommend that you have an attorney review your original contract and all recorded conversations with the contractor. After an... Read more »
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