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Kentucky Business Law Questions & Answers
2 Answers | Asked in Bankruptcy and Business Law for Kentucky on
Q: I believe my grandparents business was taken from them after they died. How do I find out

I have the tax permits from the building and it's got a account number on it. How do I find the records to see what happen. Also if my grandmother filed bankruptcy and her trustee was the lawyer Robert Cochran did he get her stuff after she passed

Timothy Denison
Timothy Denison
answered on May 15, 2024

Start with the Ky Secretary of State and tack down all their business filings. THen go to IRS and/or Ky Revenue Cabinet to obtain all tax filings. That should set you on the right path to determining what happened with their business.

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2 Answers | Asked in Bankruptcy and Business Law for Kentucky on
Q: I believe my grandparents business was taken from them after they died. How do I find out

I have the tax permits from the building and it's got a account number on it. How do I find the records to see what happen. Also if my grandmother filed bankruptcy and her trustee was the lawyer Robert Cochran did he get her stuff after she passed

James L. Arrasmith
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answered on May 16, 2024

To find out what happened to your grandparents' business and assets after they passed away, you can take the following steps:

1. Obtain a copy of their death certificates from the vital records office in the county where they died.

2. Search for probate records at the county...
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1 Answer | Asked in Copyright, Civil Rights, Business Law and Intellectual Property for Kentucky on
Q: Is my news youtube channel considered commercial? Can I use material gained from open records requests? And Monitize?

It's very hard to tell if I can even do this. I see a lot of body cam channels, obviously expanding and reporting on the situation. This would come with monitization and it wouldn't be just the video, I would create a more transformative video. I would like to do something similar in KY... View More

James L. Arrasmith
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answered on Apr 12, 2024

Whether your YouTube channel is considered commercial and whether you can monetize it depends on several factors. Here are a few key considerations:

1. Purpose of the channel: If your primary goal is to generate income from the channel, it may be considered commercial. However, if your...
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1 Answer | Asked in Tax Law and Business Law for Kentucky on
Q: Can my business partner pay off my boat and vacation home instead of paying me by check? If yes, would I still owe tax

I was wondering if it is done that way, would we still have to pay capital gains

James L. Arrasmith
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answered on Feb 22, 2024

If your business partner pays off your boat and vacation home instead of paying you by check, it would still be considered a form of compensation for your services or ownership interest in the business. This means that you would likely still owe taxes on the value of the boat and vacation home... View More

2 Answers | Asked in Business Law, Copyright, Intellectual Property and Trademark for Kentucky on
Q: Can I put game logos, images, and/or names on my business sign to indicate that those games are available?

Can they be a part of my own business logo?

T. Augustus Claus
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answered on Jan 2, 2024

Using game logos, images, and names on your business sign or as part of your business logo may raise intellectual property and trademark issues. The logos, images, and names associated with games are often protected by intellectual property laws, and using them without permission from the... View More

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2 Answers | Asked in Business Law, Copyright, Intellectual Property and Trademark for Kentucky on
Q: Can I put game logos, images, and/or names on my business sign to indicate that those games are available?

Can they be a part of my own business logo?

James L. Arrasmith
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answered on Jan 5, 2024

Using game logos, images, or names of other companies or products on your business sign or as part of your business logo can be problematic from a legal standpoint. These elements are typically protected by copyright and trademark laws, and using them without permission could constitute... View More

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1 Answer | Asked in Business Law, Employment Law and Criminal Law for Kentucky on
Q: Can an unsupervised probationer half to give consent to a urine sample during a ground search at a business.

My work place is gonna be being searched by an on going investigation of money laundering and prostitution and drugs.

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answered on Dec 28, 2023

When a workplace is subject to an ongoing investigation for various illegal activities, including money laundering, prostitution, and drug-related offenses, law enforcement authorities may conduct searches. During these searches, individuals on unsupervised probation may be asked to provide consent... View More

1 Answer | Asked in Business Law, Real Estate Law and Civil Litigation for Kentucky on
Q: Can I sell parts of a business during a lawsuit over a sales contract dispute?

I purchased a detailing business where the sales contract included two buildings as part of the deal. It turns out the sellers did not legally own these buildings, and I am beginning legal proceedings against them. I also have someone interested in buying other parts of the business, which includes... View More

Timothy Denison
Timothy Denison
answered on Apr 22, 2025

I would not do so bc it could impair your claim in the litigation.

2 Answers | Asked in Business Law, Consumer Law, Insurance Defense and Personal Injury for Kentucky on
Q: Golf cart accident at Kentucky B&B; owner demands payment. How to proceed?

While staying at a bed and breakfast, I drove a golf cart owned by the establishment. After parking it, the cart rolled back and collided with a truck. I did not sign any waivers or responsibility acknowledgments about liability before driving the golf carts, and there were no signs or verbal... View More

Timothy Denison
Timothy Denison
answered on Apr 16, 2025

Don’t pay it or respond. If you didn’t sign the agreement, you’re not bound by it. Make them sue you and force them to use their insurance.

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1 Answer | Asked in Business Formation and Business Law for Kentucky on
Q: Requirements for Kentucky money transmitter license from Coinbase under Chapter 286.11

I'm interested in understanding the requirements for obtaining a money transmitter license from Coinbase in Kentucky under Chapter 286.11. Could you provide information related to the business context of acquiring such a license, including the necessary steps and any specific regulations that... View More

James L. Arrasmith
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answered on Apr 13, 2025

To obtain a money transmitter license in Kentucky under Chapter 286.11, Coinbase (or any business) needs to comply with several requirements. The application process includes submitting detailed financial information, including the company’s financial statements, a business plan, and background... View More

1 Answer | Asked in Banking and Business Law for Kentucky on
Q: Handling salary overpayments after termination

I recently noticed that my former employer has been continuing to deposit salary payments into my bank account even after I was let go about two months ago. I have accrued almost $7000, and I'm unsure how to handle these funds. I've tried contacting the local office of the company, but no... View More

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answered on Apr 8, 2025

It's important not to block the deposits right away. Instead, it’s best to keep track of the overpayments while you work on resolving the situation. The company may eventually notice the mistake and ask for the money back. Blocking the deposits could complicate things further and may even... View More

2 Answers | Asked in Business Law, Contracts and Civil Litigation for Kentucky on
Q: Primary on car loan with wife, seeking advice on refinancing or transferring financial responsibility.

I'm the primary borrower on a car loan shared with my wife. Although we've verbally agreed she would help with partial payments, she's not been able to contribute, and I'm currently making all payments. She says that she needs more time, but I'm worried about repossession... View More

Timothy Denison
Timothy Denison
answered on Mar 19, 2025

You can continue paying the car loan or you can get her to agree to refinance in her name and get you off the note. If that fails, sell the car and pay off the car note with the sale proceeds.

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1 Answer | Asked in Business Law and Contracts for Kentucky on
Q: How can I remove a co-signer from a mobile home loan in Kentucky?

I want to remove my ex-partner as a co-signer from a loan for a mobile home. We signed the loan in February 2023, and there have been no missed payments. The lender hasn't been helpful, and the only suggestion they've made is to sign over power of attorney, which I'm unwilling to do... View More

Timothy Denison
Timothy Denison
answered on Feb 25, 2025

You’ll have to refi directly into your name as there is no provision for removing a co-signer if they refuse to do so voluntarily.

1 Answer | Asked in Banking, Business Formation, Business Law and Family Law for Kentucky on
Q: If I was hospitalized after finding out I was left a lot of money and homes businesses and stuff and Treasurywhodoicall

I changed my name and don't know who my lawyer was and they changed my name to a name of my son and grandson and I have identity and bank id chips and need to know we're to get it read by scanner to retrieve my info

James L. Arrasmith
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answered on Oct 2, 2024

I'm sorry to hear about the difficulties you're facing. To start, visit your local bank branch and explain the situation to them. They can help access your accounts using your bank ID chips and verify your identity securely.

Next, contact government offices such as the Department...
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1 Answer | Asked in Business Law, Contracts and Employment Law for Kentucky on
Q: Can you be made to sign away your, required by Kentucky Law, mandatory work breaks?

In Kentucky there are mandatory Break periods - 10 minutes for every 4 hours worked and if you work over 5 hours, a mandatory meal break between your third and fifth hour. But my neighbor has been coerced to sign away their breaks for nothing in return to work at a local fast food restaurant. This... View More

Timothy Denison
Timothy Denison
answered on May 27, 2024

Sound like a violation of Ky labor laws. A complaint to the Labor Board might resolve the problem.

1 Answer | Asked in Business Law and Contracts for Kentucky on
Q: Does a rental that is rented with 1 year expired tags void the contract?

I was hit in a rental with no tags now rental company is claiming damages that didn't exist when I had the vehicle.

Timothy Denison
Timothy Denison
answered on Apr 19, 2024

No, but the tags are the responsibility of the rental company.

1 Answer | Asked in Banking, Business Formation, Business Law and Family Law for Kentucky on
Q: I paid 17k in cash for my car. But i got the money from my friend and family. So, can i report that as my source?
Timothy Denison
Timothy Denison
answered on Apr 2, 2024

Yes. You can. You should also report any debt owed to your friends and family as well.

1 Answer | Asked in Business Law, Civil Litigation and Collections for Kentucky on
Q: someone is trying to sue my business, but has the business name incorrect. Does this affect anything?

A person is claiming that my business owes them money after equipment was purchased. There was no written agreement and they deposited the check, but are now trying to change the verbal agreement. They have since sent a certified complaint to the local civil court. The certified complaint does... View More

Timothy Denison
Timothy Denison
answered on Jan 27, 2024

Raise the incorrect name as a defense in your answer to the complaint.

1 Answer | Asked in Business Law and Civil Litigation for Kentucky on
Q: What happens if someone is trying to sue a business with the incorrect business name?

Someone sent a certified complaint to the local circuit court. The complaint has my business name wrong.

Timothy Denison
Timothy Denison
answered on Jan 26, 2024

When you answer, you should raise the defense of improper entity.

1 Answer | Asked in Business Law and Juvenile Law for Kentucky on
Q: If one of your friends breaks a light in a restaurant could they be charged? Can I be associated with this?
Timothy Denison
Timothy Denison
answered on Dec 14, 2023

Most likely no to both questions unless it was a willful deliberate act.

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