Ask a Business Lawyer

If our friend wants my husband and I to be on the board of their church, will we be financially responsible if the church fails?

Typically the governing documents of a non-profit include promises to hold board members harmless …

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Eric Eisen answered 1 year ago

Do I have to pay taxes on lawsuit settlement award?

Internal Revenue Code §61 (a) includes in gross income “all income from whatever source …

FreeAdvice Contributing Attorney answered 3 years ago

What is the best way to deal with both business/personal debt?

You have a few different options. Are the credit cards in your personal name …

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David L. Leon, P.C. answered 3 years ago

Should I form a corporation or stay with my LLC?

I would advise you to keep it separate. You could form a separate LLC …

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Farah Kamal answered 3 years ago

Repossession

You need to read the contract/car note to see if insurance lapses on the …

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Kipness Law Firm answered 3 years ago