I am building my startup and I found an investor for my business (incorporated as LLC in PA, USA). Investor said that the deal will be done on the basis of equity financing. And now he is asking me to send the copies of my passport, certificate of incorporation, memorandum and articles of... Read more »
Hey Guys, I am not sure the exact terms of this, but i own 10% of an LLC, while someone else owns 90%. We are talking about bringing in a capital partner somewhere in the 40% range. I was told that my shares will be diluted in the same according to my other partners. so of that 40% 4% would come... Read more »
The answer is that this type of scenario is normally the subject of negotiation among the parties and depends upon the facts and circumstances of the situation, unless the operating agreement specifies exactly what happens in the event both members bring on another member. For example, assuming...Read more »
If your question involves protecting your rights with the invention, you could repost the question under the Patents (Intellectual Property) section where it could be seen by one of the attorneys who practice in that area.
Originally started business with sibling who then decided to become sole proprietor without my knowledge. She then made a request for a business name change that she took my name off, stole the business and the name from me along with the logo and documents such as contract agreements that she... Read more »
Contacting "local authorities" will probably do no good because this is clearly a family business matter. And unless you can show some actual damages the courts will also be hesitant to get involved. Finally, unless the actual amount of money involved is very substantial it is likely that...Read more »
Better check in with JAG corps on this--sounds like potential multiple violations. You should know that access is for the specific purpose only. Can you hand out cards, or other items? Not sure of that but if someone is looking to burn you you're giving them a match it seems to me.
I live in the US. I purchased a product from a website, owned by a business operating out of India. I have the order confirmation and my credit card was charged. Now the business is canceling my order by telling that their price was wrongfully low due to a technical glitch and the actual price is... Read more »
How do I get around a breach? I'm trying to acquire the LLC and continue the current lease as is. The LLC owner wants to retire and offered to sell me his business. Would a partnership with the LLC be a better option rather than an acquisition? Another detail about this situation is that I am... Read more »
In November of 2018 I received a notice from a sheriff’s deputy that a credit card debt that I had not paid was scheduled for arbitration for a date in July 2019. On December 3, 2018 I received a letter from the same law firm indicating that I had not filed a defense or objection in writing and... Read more »
The problem may be your "assumptions." I suggest contacting the Delaware County Bar Association for an attorney referral, and then sit down with him/her and going over everything. Knowledge is power, y'know?
Yes, you should be able to. And, at worst, the Department of Labor & Industry can deny your claim and then tell you why (and then you can appeal, and often ultimately win). But you'll get nothing if you don't try, so *try* and try ASAP.
I own a small business that buys and resells used/unwanted goods. One of my employees sold a vehicle that was his for $500 while representing the store. I as the owner had no idea this was going on. Me or my store did not own the vehicle in any shape or form and was not there when the sale took... Read more »
Worst case scenario--you pay him what the car was worth. The big issue is any liability if he drives. If it's just for the title snafu, you third party in your employee if sued. If you have overall liability insurance, then notify your carrier.
However, for starters your employee needs...Read more »
14 months ago we delivered his discovery request for documents. 14 months later have not heard a word since we rec'd a letter last weeks asking for more documents which we are going to object to. In PA can we not use misuse of process or harrsemement for dragging this case out this... Read more »
you can try a non-pros; ask for a scheduling conference to set timelines would make the most sense as it sounds like you are not doing this with a lawyer. Then make sure you have whatever you want out of him or her.
When buying a business you should have legal representation who drafts an Asset Purchase Agreement and all of the accompanying documents. You should do the due diligence and check that there are no liens on the assets, etc.
I am happy to speak with you about your situation. I do not...Read more »
You should have an attorney review your NCA for the best guidance. There may be assignment clauses and the NCA obligations may extend beyond your employment (with either company). It would be wise to engage an attorney to receive solid advice.
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