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Business Law Legal Answers

Business Law Legal Answers

Is my main company a parent company or a holding company?

Answered a day ago by attorney Michael E. Fiffik   |   1 Answer   |  Legal Mostics: Business Lawyer
I don't think there's any legal or practical difference between the labels that you put on any of the companies.  Any company can be extended credit by a lender if its deemed credit-worthy.  Most lenders will require a pledge of collateral in return for a loan so if the "holding company" has no assets, you might be required to pledge assets of other companies and/or personally guarantee the loan.  ... Read More
I don't think there's any legal or practical difference between the labels that you put on any of the companies.  Any company can be extended... Read More

Legal exposure of leaving company

Answered a day ago by attorney Michael E. Fiffik   |   1 Answer   |  Legal Mostics: Business Lawyer
The general rule is that the individual owners are not liable for debts of the LLC.  If you personally signed for any loan or other obligation of the LLC, you will remain liable though.  Its best to tell these folks that you want out and put together an orderly exit.  Don't avoid the conversation . ... Read More
The general rule is that the individual owners are not liable for debts of the LLC.  If you personally signed for any loan or other obligation... Read More
Under certain circmstances you can collect unemployment comp benefits after voluntarily quitting your job.  The circumstances that compelled you to quit have to be fairly serious.  Having a mean co-wokrer alone is probably not enough.  However, depending on the nature of the harassment it might be.  If the co-worker subjects you to racial slurs, insults base on gender and things like that, its probably enough.  These cases are very fact-specific and defy a general rule.  But since you quit anyway, you should certainly file and see what happens.  Be preprepared to give a specific account of the nature and frequency of the harassment, your efforts to have management deal with it and their failure or refusal to do so.  ... Read More
Under certain circmstances you can collect unemployment comp benefits after voluntarily quitting your job.  The circumstances that compelled you... Read More
You need a life coach with a question like that.  However if you wish to discuss your life and opportunities that abound around you, I am the right kind of lawyer for you to talk to. Unfortunately, if you wish to speak about this with anyone qualified to give you real direction, you can expect to pay a consult fee.  If this makes sense to you, then I urge you to contact my offices.... Read More
You need a life coach with a question like that.  However if you wish to discuss your life and opportunities that abound around you, I am the... Read More
In setting up an entity, there are many issues to consider such as taxes (TN and Federal), filing fees among the various types (LLC, S Corp, C Corp [less likely to be used]), type of ownership structure (even among entities, there are different types (e.g. 3 types of TN LLC's), insurance costs.  Our firm can help with all of these issues as part of entity formation.... Read More
In setting up an entity, there are many issues to consider such as taxes (TN and Federal), filing fees among the various types (LLC, S Corp, C Corp... Read More
If both businesses are owned by the same llc, each would be responsible for the other's obligations.  Thus, if the restaurant becomes liable in a food poisoning case, the assets of the farm could be used to satisfy that obligation, because the assets of both the farm and restaurant are both the assets of the llc.  Although it is a little more expensive to set up and operate 2 separate llc's, if properly done, it will insulate the assets of each business from the creditors of the other.... Read More
If both businesses are owned by the same llc, each would be responsible for the other's obligations.  Thus, if the restaurant becomes liable in... Read More
If you bought the gift card with a credit card you may have some recourse. You could try suing in small claims court. But normally, you have lost your money. 
If you bought the gift card with a credit card you may have some recourse. You could try suing in small claims court. But normally, you have lost... Read More
Greetings, I hope you have sorted out your business litigation concerns with your client, if not you can feel free to contact my office and discuss your situation with our case manager. We do have a business attorney licensed for over 30 years and we would be interested in developing a long term business relationship with your business. We would be able to handle all your business research, review, analysis, drafting concerns. If there is ever a need for business litigation, in the state of Geogia, your assigned case manager will be able to take care of that by retaining, supervising and managing all business litigation. Looking forward to hearing from you, and I will also relay my case manager to reach out to your office technoharbor on Monday. Thank You. Toll Free: 877-866-8665... Read More
Greetings, I hope you have sorted out your business litigation concerns with your client, if not you can feel free to contact my office and discuss... Read More

router issues

Answered 28 days ago by attorney Michael Doland   |   1 Answer   |  Legal Mostics: Business Lawyer
This is not a legal question.                                                                              ... Read More
This is not a legal question.                                 ... Read More
Since part of your job is to train people for your employer, I think it could be a conflict of interest, but it really doesn't matter what I think or what you think.  Absent a contract which limits your employuer's right to fire you (for example, one which says you can be fired only for cause), you can be fired for any reason other than those prohibited by statute (e.g. race, religion, gender, etc.)  Assuming that you have no such contract, your employer can certainly fire you for doing something like this, even if you believe, or even if an objective third party would believe, that it is ok.... Read More
Since part of your job is to train people for your employer, I think it could be a conflict of interest, but it really doesn't matter what I think or... Read More




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