I am interested in creating a program that I started in college for a capstone class. In the capstone class I worked with a group and did research for the program but we never finished it or put it forward as a complete product. I am using some of the feedback we received from the version of the... Read more »
Ideas themselves are not patentable - they have to be put into use. If you alone write a program based on ideas developed by a group, then unless there was a contract or other agreement among the group or with the college, you own the copyright on the program, and are entitled to profit from the...Read more »
I sold a guy a motorcycle with just a bill of sale, title came in the mail days after the sale was made. He's threatening to take me to court because he has received the title I mailed him because he started to get hostile with me.
I bought a car through a dealership, A, and I make my official car payments to loan group B. I did not have enough money at the time for a down payment, but worked out a monthly plan with A while still making payments to B. So thats $420 to A, monthly and another $226 to B, monthly. I had about 3... Read more »
First, you and your friend should each consult your own attorney. Becoming a member of a limited liability company is economically similar to becoming a partner in a business. You will have rights and responsibilities with respect to your friend and should know what they are and whether you are...Read more »
Notwithstanding the foregoing provisions of Section 8.2, should the sole remaining Member be entitled to and elect to acquire all the Interests of the other Members of the Company in accordance with the provisions of Section 8.2, the acquiring Member may assign the right to acquire the Interests to... Read more »
We are not running it like a true business, we have no employees, just collecting rents. It appears there are different rules for a community property vs. non-community property state (Ohio). We are just wanting something simple not having to create a partnership or joint venture, is this possible?... Read more »
An Ohio LLC can be created on-line with the Ohio Secretary of State. But you should retain a local attorney in OH to discuss setting up and operating the LLC properly and property ownership. You also should consult your tax advisor regarding the different options that can be elected for federal...Read more »
Get a lawyer to help you with this. Opening the company is fairly straightforward, but there are lots of regulations concerning the packing and sale of these products and you need to be familiar with them.
My boyfriend and I are trying to start an online business. Would this be considered a partnership? If so, do we need a partnership agreement? Does that agreement need to be also signed by a lawyer? (We don't have money to consult lawyers about these things). As far as when we are filing our taxes,... Read more »
Those questions cannot be answered on-line. If you want to start your business properly, and avoid future problems, then you need both legal advice and tax advice. So you should save up enough money to obtain that professional assistance so you can start the business correctly. You and he would...Read more »
She is making shirts and wants my artwork on them. We are combining businesses and it'll be 50/50. It's fair but if this doesn't work out in the long run how do I protect my artwork and business name? Will we both be able to produce the shirts still afterwards? Will she end up with rights to the... Read more »
You are prudent to seek assistance for your business relationship and protection of your artwork - before you begin. Use the Find a Lawyer tab and contact a local business attorney who can advise you and answer questions about business formation and copyright protection.
No, an operating agreement governs how an LLC enitity is run among its members (essential shareholders), including division and distribution of profits, not an agreement between two or more LLCs or other legal corporate entities.
I am getting a few partners to pool $100,000 as a downpayment on a commercial property that is $600,000. Obviously we are getting a loan for the rest. Can I take a fee from the downpayment proceeds for putting the contract together. A percentage, like 5% to 10% of the downpayment, I was hoping. I... Read more »
We are looking to file as an LLC in the State of Ohio. We have a few questions in particular about taxes and finances. We've been in business for around a year now, as a sole proprietorship. We've recently become pretty successful, we are on track to make much more than expected. We're a I.T.... Read more »
Sounds like you'd benefit from building a relationship with a good CPA. In addition, you'd likely benefit from talking to a business lawyer. If you're running a serious business, you want to make sure you're protecting yourself, including using agreements tailored to your business and not...Read more »
I'm not sure how to make sure my websites are "part of" of LLC business in Ohio. I recently established an LLC for my online media and website incomes. Each time I create a new income earning website, what steps do I need to take to make sure that website is part of the LLC, or shall I say a... Read more »
You really just need to make sure the LLC is responsible for the websites. An LLC can be set up to engage in a specific industry or can even be very broadly defined to "conduct all lawful business." Found an LLC and define it as a company engaged in ecommerce and then use the LLC to set up various...Read more »
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