| Subject | Date Asked | Expert |
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| joint venture partners | 11/2/2009 | Ronald J. Cappuccio, J.D., LL.M.(Tax) |
Q: Ronald, I own a small electromechanical industry in Brazil that provide integrated turn Key ...
A: Agostino: Thank you for your question. First, you need a Brazilian lawyer to give you specific ...
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| partnerships | 10/18/2009 | Christopher Flett |
Q: We bought our first house a year ago. We went through 13 realtors, 3 attorneys, and 42 houses until ...
A: Good time to ask these questions. You would sit down and discuss who is going to do what. You will ...
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| Partnership outgrown | 10/13/2009 | Christopher Flett |
Q: We have a successful interactive design firm. There are 3 founding partners and a new partner we ...
A: The challenge with a situation like this is that where money is involved, partnerships get strained. ...
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| Joint Venture | 9/24/2009 | Christopher Flett |
Q: Good morning Christopher. We have a small construction company and most of our work is with the ...
A: You should run this by your company lawyer, but if I were you, I would take my share of the project ...
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| LLC Partnership Buy Out Options | 9/6/2009 | Ronald J. Cappuccio, J.D., LL.M.(Tax) |
Q: Ron, I am currently in an LLC Partnership with my wife and he mother and father-in-law. The bus. ...
A: Chad: I assumed the monthly payment was not directly related to services. I was estimating 48 ...
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| LLC Partnership Buy Out Options | 9/5/2009 | Ronald J. Cappuccio, J.D., LL.M.(Tax) |
Q: Ron, I am currently in an LLC Partnership with my wife and he mother and father-in-law. The bus. ...
A: Chad: My first question is when you say "break-even" does that mean no distributions are made for ...
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| What to say | 9/5/2009 | Christopher Flett |
Q: My name is Igor, and I'm a very recent university graduate with a degree in kinesiology. I am now ...
A: There's a lot to the questions you are asking. A lot of clarity on your part first (what is going to ...
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| BOOTH RENTAL SALON - RETAIL | 8/22/2009 | Christopher Flett |
Q: I am considering opening a booth rental salon in the near future. From what I understand, it is ...
A: Yes you can. As part of the agreement that you have your lawyer draw up, you can stipulate the terms ...
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| Purchasing a insurance company. | 8/21/2009 | Gary Bell |
Q: I am purchasing an insurance busines and I was wondering how it usally works on commissions. Do you ...
A: Nathan, There is no rule about how recurring revenue is dealt with in a transaction like this. ...
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| Salon Booth Rental | 7/20/2009 | Christopher Flett |
Q: I'm a hairstylist in VA and I've been booth renting for 15 years at the same salon. We have a verbal ...
A: Are you prepared to leave the salon and move somewhere else? If so, I'd suggest you connect with the ...
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| Partnership/Investors | 7/14/2009 | Christopher Flett |
Q: I started working for a family member 7 years ago. Year by year, I gained shares in the company and ...
A: It is legal, but the shareholders have to agree to it. It's called reclaiming owner's equity. It ...
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| co-ownership | 7/10/2009 | Christopher Flett |
Q: Christopher: If you are in an equal co-ownership of a company/project with a partner, and your ...
A: The person who registers it won't have any extra pull. The leadership in a partnership is determined ...
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| my "partners" | 7/7/2009 | Christopher Flett |
Q: I consider myself an entrepreneur no successful yet but I am sure one day I will if I learn how to ...
A: For question one, you need to put together a partnership agreement. This states the rules of how the ...
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| Trust and payment issues | 7/1/2009 | Gary Bell |
Q: Good morning, I find goods for people and corporations around the world at a lower price then they ...
A: A, Letters of Credit are a very common method of payment in export transactions because they ...
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| how to price a receipe | 6/25/2009 | Gary Bell |
Q: My husband and I own a successful frozen custard business in the midwest. We have been approached ...
A: Julie, I have never heard of such a formula, but, here are some thoughts. One might consider ...
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| How much to charge. | 6/9/2009 | Christopher Flett |
Q: My wife has developed a class and is currently being paid a day rate of $1,000 for teaching this ...
A: This cost of licensing your materials can vary depending on the deal. I suggest to the clients of ...
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| Investment Income | 6/3/2009 | Ronald J. Cappuccio, J.D., LL.M.(Tax) |
Q: I recently invested in a restaurant and am now receiving my return, which will include my original ...
A: Matthew: You did not state whether the business is a corporation or partnership for tax purposes. ...
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| Partnership in business purchase | 6/3/2009 | Ronald J. Cappuccio, J.D., LL.M.(Tax) |
Q: I hope you can give me some advise. I have been offered to purchase the small business i have been ...
A: Ben: The business deal sounds interesting and your should continue to explore it. Nevertheless, I ...
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| BUING INTO A BUSINESS - DIRECTORSHIP | 5/31/2009 | Ronald J. Cappuccio, J.D., LL.M.(Tax) |
Q: My daughter and the 3 other managers of the company she works for, have been offered the opportunity ...
A: Lisa, it is impossible to answer your question without details. First, being a "Director" is not an ...
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| Investing in an existing LLC. | 5/23/2009 | Ronald J. Cappuccio, J.D., LL.M.(Tax) |
Q: The owner of an existing small business LLC proposed that we become 50/50 partners to expand and ...
A: The LLP (Limited Liability Partnership) is probably the wrong way to go. Most likely, you will need ...
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| Developing a plan | 5/20/2009 | Christopher Flett |
Q: I have created a software product that is rather remarkable. It is fully functional. I would like to ...
A: You can hire someone to review it and have them sign a non-disclosure, non-competition agreement so ...
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| Mutual NDA | 4/25/2009 | Christopher Flett |
Q: i am seeking to take on a product line and starting to contact certain manufacturer's of equipment ...
A: Firstly, go see a lawyer. You need to have a lawyer draft an NDA that reflects what you are trying ...
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| Corporate 'loan-out' | 4/25/2009 | Christopher Flett |
Q: I work as a producer/writer through my C corp. I have an opportunity to form an LLC with one other ...
A: Best bet is to talk to your accountant. There will be state regulations on how the money gets ...
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| contract of terms and conditions | 4/23/2009 | Ronald J. Cappuccio, J.D., LL.M.(Tax) |
Q: My situation is that I have been an independent loan officer for about 7 years. I've been working ...
A: Robert: Why did you sign a contract without a lawyer? It looks like you have been outsmarted! You ...
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| legally binding contracts | 4/18/2009 | Ronald J. Cappuccio, J.D., LL.M.(Tax) |
Q: I was wondering about what it takes to make a contract legally binding. I've read that in many ...
A: Oral contracts can be binding. Also, contracts simply initialed can also be enforceable. You will ...
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| Establishing partnership split | 4/5/2009 | Christopher Flett |
Q: I'm trying to decide how to split a partnership for a start-up restaurant. Here are the facts: -- ...
A: What I would do is offer your friend a 25% stake in the company. Don't devalue the time you have ...
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| Partnerships | 4/3/2009 | Christopher Flett |
Q: Andrew, Bob, Charlie & David operate their building contractors as a partnership. The business also ...
A: Too many times, businesses try to save money at the beginning (partnership agreement) and end up ...
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| Starting a Business Partnership | 3/20/2009 | Christopher Flett |
Q: Recently a relative approached me to start a partnership company specializing in sales and marketing ...
A: What part of the country are you located in? You should have your meeting with David first and then ...
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| Starting a Business Partnership | 3/19/2009 | Christopher Flett |
Q: Recently a relative approached me to start a partnership company specializing in sales and marketing ...
A: Without knowing the specifics of who will do what, it is difficult to nail down what a fair ...
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| Starting a Business Partnership | 3/18/2009 | Christopher Flett |
Q: Recently a relative approached me to start a partnership company specializing in sales and marketing ...
A: What role will your business partner play in the new company? Partnership can be a great or ...
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| Going into a partnership | 3/4/2009 | Gary Bell |
Q: I'm about to start an online business, which provides an online service and income is generated ...
A: James, It seems "partnering" is a great idea in this case. The overarching issues in such a ...
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| business purchase | 2/23/2009 | Ronald J. Cappuccio, J.D., LL.M.(Tax) |
Q: I have purchased a business and about 2 1/2 months in, it is very clear that the seller ...
A: Donna: It is not uncommon for sellers of small businesses to exaggerate the business income - ...
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| Web design business and services contract | 2/20/2009 | Christopher Flett |
Q: I am a young web designer (18 and still in university) and I am starting a freelance business. I ...
A: I read through it and it all seems okay, but keep in mind, I'm not a lawyer. You should have someone ...
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| Invention and Investors | 2/16/2009 | Ronald J. Cappuccio, J.D., LL.M.(Tax) |
Q: Mr. Cappuccio, I have an invention patent pending. Some services I have used to develop the product ...
A: Kevin: There is no "typical" arrangement. Since you are planning to bring the product to market, ...
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| Ballpark valuation/ financial healthcheck of my SME | 2/14/2009 | Bob Rushton |
Q: I am hoping you might be able to help me calculate a very quick ballpark valuation of my company so ...
A: It depends on what you are doing, if you are Bank you have no hope ! If you are making cars the ...
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| selling business | 2/6/2009 | Gary Bell |
Q: I'm not sure if you specialize in this kind of question but here goes; I'm thinking of selling my ...
A: Sorry about the delay. I've been on the road all week. Unless the money is "incidental" to you, ...
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| selling business | 2/6/2009 | Ronald J. Cappuccio, J.D., LL.M.(Tax) |
Q: I'm not sure if you specialize in this kind of question but here goes; I'm thinking of selling my ...
A: Of course you need a lawyer! A good tax and business lawyer will help you evaluate your business, ...
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| selling business | 2/6/2009 | Bob Rushton |
Q: I'm not sure if you specialize in this kind of question but here goes; I'm thinking of selling my ...
A: Firstly you need a lawyer, toooo risky without. Second get a real estate ...
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| selling business | 2/6/2009 | Osama El-kadi |
Q: I'm not sure if you specialize in this kind of question but here goes; I'm thinking of selling my ...
A: apology for the delay in replying as I am abroad at the moment. You are right, I only deal with ...
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| selling my business | 2/6/2009 | Christopher Flett |
Q: I'm not sure if you specialize in this kind of question but here goes; I'm thinking of selling my ...
A: Get in touch with a business lawyer that can pilot you through this process. Selling a business is a ...
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