My friend sold her business to me but it’s still in her name. I can’t change my name because of other reason but Tax responsibility 100% is mine, but I want to have a legal binding document that can create a bond of trust between us. I want to write a kind of promissory note show that if IRS... Read more »
I am a restaurant owner and my restaurant is located in a mall of Jersey City, NJ. There is a huge impact for my business due to the Coronavirus outbreak. Especially, striating 3/12, the mall has a close order by the local governor. Currently, the mall is still close. And we already paid for this... Read more »
Are you serious? Maybe you should auction yourself off to the highest bidder, so you can afford a criminal defense attorney? Of course you run the risk that no one will buy you and you have posted an intent to commit a criminal offense on a website frequented by law enforcement.
If company 2 trademark is not registered with state or USPTO then you’re likely out of luck because the marks practically need to be identical. If it is registered then it obviously bodes well for co2. With that being said, there are a lot of grey areas in the law and speaking with an attorney...Read more »
Written notice is a broad concept and there is no universal definition that fits every possible setting. It could be defined by statute in civil procedure rules, or it could be defined by municipal codes when it comes to public entities. With non-public entities, it could be defined in by-laws or...Read more »
We ran a business with best intentions but lost lots of money, and I feel it is wrong for others to sue wy wife who is the CEO while we hoped for some Corporation protection from personal assets. Can we ask the court to remove my wife from the lawsuit and deal with the corporation only? What is the... Read more »
No your wife is a proper party to the lawsuit. Only a properly set up LLC with 3 members or more will protect you from personal liability. Depending on your overall situation you should retain either an experienced civil litigation or bankruptcy attorney. To determine how you should proceed an in...Read more »
Each LLC should have at least three members and it's own insurance policy. All LLCs should be owned by a "C" corp. Anything else is not going to protect you from personal liability. You really need to retain an experienced business and contracts attorney.
Generally speaking a corporation's officers and directors are not personally liable for the obligations of the Company. As always there are exceptions to this general rule so it is definitely a good idea to talk to a good business litigator; you are going to need one to handle the lawsuit.
I heard that payday loans are illegal in NJ. I took 600 put and paid four payments of $206 . I also heard that since they are illegal I only have to pay the principal. Is this true,? The rest of my cc and such ate in good standing so I don't want to file for bankruptsy. What can they do to me,,?
Think this all the way through: If the payday loan creditor operates its business anywhere in the state of New Jersey there is a really strong possibility that payday loans are NOT illegal in New Jersey. What can they do if you do not repay? They can sue you.
The IRS will value the interests as per the K1. Your final capital account sum is reflection of what that member's taxable gain would be if the interest were sold. Speak to a tax professional, as well as, a lawyer.
We don’t have a partnership agreement. The 2 partners are making decisions without my approval and I don’t trust them. How do I stop them? The business is a franchise and is doing well. They want me out now that it is profitable but this was my business idea and I’m not willing to sell my... Read more »
You have to get counsel and get them to the table to put together an agreement going forward. If they are not acting within their fiduciary duties (duty of loyalty and the duty of care) to you, you may have to go to court to get this accomplished. Spend some money now to avoid spending much more...Read more »
I realized there is a business with a similar name as me. (They had it first). If I amend my business name to add “services” at the end will this suffice? Or is there still room for a cease and desist letter to be sent to me?
The name of this company is Lease Financial Group. They lied about the rates. I was charged up to 20% of services. I paid $5000 in 48 month terminal lease for a $300 item. I notice i am not alone. New york attorney general already took this company to court over its corrupt contracts and business... Read more »
My business is behind on tax payments/filing. I currently have an accountant organizing everything for me so that I can get back on track. My lawyer wants to send a DVD to the IRS. My question: Is a disclosure to the IRS necessary if I'm less than a year and a half behind? Would it be a bad... Read more »
Do you seriously believe if you owed the IRS a Million dollars, that anyone is going to be able to get that debt reduced to just $80,000? Is your attorney admitted to practice before the U.S. Tax Court? What kind of credentials does your attorney have? On what basis does your attorney believe that...Read more »
I have business since 20 years in India. Now I want to setup a business in USA and apply for L1-A visa as a business owner. My friend is living in USA so I will open a partnership ( 50 50 %) firm with him. What type of business type, we need to register to start a business in New Jersey state?... Read more »
Good question, but if your looking to get an l1 you will need to do a lot more than just open a company in the US. First visit the US maybe on a tourist visa and while here setup an in office consultation and speak to an immigration lawyer who also knows business formation law.
I am 20 yrs old and began business with a friend (no corp, llc or agreement). I developed a following and good feed-back rating through Instagram (the sales and feedback are 95% mine all good). I rented space at trade shows, invested in a professional to create a online website purchased and gave... Read more »
I loaned multiple people money this past year. The money was loaned to people who were at the time long-term friends who agreed to pay me back ASAP. All of these people live in NJ and I have personal information (Addresses, etc) for all of them. I have texts showing them asking me for money and... Read more »
You should go to Court, but an attorney is not going to be willing to handle your cases, since it would not be cost effective. If you are really in such bad financial shape, why would you ever loan money to anyone?
Simple answer is that you are required to register your foreign company with the state of New Jersey if your business is transacting business here in New Jersey. Speak to an attorney to get the details specific to your needs.
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