and Connie had zero income during that time. If she hadn’t been working part-time in real estate on the side, her house payment and other bills would have been late
the board of directors' (or the meeting of shareholders') written consent to borrowing is required; if the partnership agreement sets out restrictive clauses on borrowings, all partners' written consent to borrowing is required;
The transfer procedure is not simple however and can take quite some time. We will need to know everything about the trust first. We will want to inspect the files for which we would happily work under a non-disclosure agreement so that if we do not ultimately accept, confidentiality will...
Is marriage, a life partnership, or living with someone else a possibility within five to seven years? How many children do you plan to have during the next five to seven years: Are your children near or at school age? Have you chosen the school district you want for them? Is it likel...
Contributions to a 401(k) plan take the form of salary-reduction deferrals. The contributions are made under a salary reduction agreement, or the employee contributes a specified percentage of wages to the plan. The employer can make 3 types of contributions: ...
What is a limited liability partnership? How do I set up a partnership? What state should I set my partnership up in? Can I set up a partnership without a lawyer? What is a partnership agreement? What should go in a partnership agreement? What is a statement of partnership? What is a...
General partnership: Like a sole proprietorship, a general partnership lets you share your business’s financial and managerial responsibilities with another person. You will both be held equally accountable should the business run into any financial trouble, but you will be able to reap the same ...
What is a limited liability partnership? How do I set up a partnership? What state should I set my partnership up in? Can I set up a partnership without a lawyer? What is a partnership agreement? What should go in a partnership agreement? What is a statement of partnership? What is a...
But I also like a do-it-yourself LLC course from Dyches Boddiford at http://assets101.com/product/llc-partnership/. He is excellent with the technical parts of real estate investing. 3. We used an agent for most of our resales. But when we bought properties, we used our own ...
Contracts bind parties to their stated responsibilities. In the event that one party does not honor a part of their agreement, they are in breach of the contract, which can be grounds for legal action. Also, contracts usually include terms that state that if one part of the agreement is br...