If there is an agreement or a term in an agreement (such as the shareholders agreement) allowing majority owners of a corporation to force the minority holders to sell at a predetermined price (or a p...
One of the main advantages of a limited liability company, or LLC, rests in how the IRS treats the business under tax rules. Usually, an LLC is taxed as a partnership or a sole proprietorship, which m...
A limited liability company (or LLC) is not a corporation, but rather a hybrid business entity. It combines the advantages of a partnership and a regular corporation. Even though an individual must fi...
A limited liability company (LLC) is a hybrid organization that has characteristics of both a corporation and a partnership. Its members, comparable to corporate shareholder, receive interests in the...
To answer that question, it is important to understand what a fictitious business name is and how it is used. Here is a simple definition of a fictitious business name: A fictitious business name is o...
Since the recession took hold of the economy, many misplaced workers have decided to become entrepreneurs and start their own business. To start a business, you should have a solid understanding of th...
In most states, you only need one person to form a corporation. Other state requirements vary, but usually no more than three are required to legally incorporate. An S corporation design is meant for ...
Corporate by-laws are a corporation's operational blueprint. By-laws outline the structure of an organization. They should be customized for each situation. By-laws set forth the rights and powers of ...
C corporations and S corporations are different legal structures of the corporate business entity. While both structures are initially formed exactly the same way and have many similarities, there are...
Most legal terms or phrases have statutory definitions and interpretations by case law'the term monopoly power under the Sherman Antitrust Act is no different. What is formally monopoly power and what...
Price fixing is a conspiracy between business competitors to set their prices to buy or sell goods or services at a certain point. This benefits all businesses or individuals that are on the same side...
A limited partnership (LP) is an association of one or more general partners together with one or more limited partners to conduct business for profit as co-owners. The most important feature of a lim...
A franchise business is a business in which the owners, or franchisers, sell the rights to their business logo and model to third parties, called franchisees. It is hard to drive more than a few block...
There are many commonalities between one franchise business and another. One basic commonality is the method by which the franchise owners and buyers do business. The owner of the franchise business, ...
A franchise idea is a great way to expand your business, as it is an opportunity to get your idea out there without having to assume the risks and come up with the capital all by yourself. When you fr...
Gambling winnings are income, reported on your tax return. You can deduct your gambling losses if you itemize....
Bankruptcy MAY BE an option, but it is not guaranteed.  A gambling debt obtained fraudulently disqualifies a debtor from using a Ch. 7 bankruptcy....
PostIt is challenging because it depends on location of gambler, the location of activity, and legality. Also frustrating to enforce if there are no assets or gambling operation is closed. ...
If online gambling is not authorized and regulated in your state, you cannot legally launch a home-based online gambling operation. Unlicensed gambling is always illegal....
The answer is almost certainly not, because any fair analysis of what is going on at cybercafes shows gambling, which means it is illegal unless licensed by the state....
Get free insurance quotes or connect with legal experts in minutes
Find the right lawyer for your legal issue.
