Jerry Answered: What is the ideal number of hours to work a week?

I can only agree with what everyone else has said. I have my own law practice and spend as much as I need to make it successful. At the same time, I make sure that I take time for family, friends, playing...

Jerry Answered: How should a Real Estate business be established?

If your state permits it, the best form for real estate investment is through a Series LLC. In this way, you will have the legal protection of an LLC, the pass through tax assistance and each LLC in the...

Jerry Answered: I'm trying to settle up with my business partner who left our business without notice, what do I owe him?

Assuming you have nothing in writing on any of this deal, you had a general partnership with your brother. When he left the partnership, legally, it caused a dissolution of it. This means that the partnership...

Jerry Answered: How do you successfully bring partners into your business?

Melissa, it is essential to have a good agreement drafted by an attorney. The agreement should detail the roles and expectations of each partner, how decisions are to be made, what happens when there...

Jerry Answered: Is it ok to respond to emails on holidays?

For the very reason you allude to, I tend to not answer a significant email during holidays. We all get a lot of emails and they tend to "pile up", as you say, especially during holidays. If I want my...

Jerry Answered: For a private company, is there a limit to the number of people that can be co-owners?

Ray is correct. If it is a Sub S corporation, there is a limit of 100 shareholders and there are limitations on the kinds of shareholders (i.e., a shareholder may not be a partnership or corporation formed...

Jerry Answered: Is it possible to transfer a H1B visa to one's own startup company?

This is a multi-level question. The bottom line answer is that, yes, it can be transferred. That said, it also depends on the contract he has with his employer and the structure of your business. The...

Jerry Answered: How can I get paid more promptly?

Discounts just to get paid are not a good idea. It will set a precedent for you and the client. You should have a contract that not only sets out interest on overdue bills but also includes a provision...

Jerry Answered: What should I know about disclosure and consent forms for my nonprofit organization?

The answer to this question is simply, "absolutely". This comes under the "no good deed goes unpunished" provision. For example, some dogs have sensitive stomachs or are allergic to certain products....

Jerry Answered: Can I get a few paying customers before forming a legal entity?

Ellen's answer is good from a marketing point of view. From a legal point of view, you need to form a legal entity at the time when you do not want to be personally liable and risk your personal assets...

Jerry Answered: How difficult is it to convert from an LLC to a non-profit 501(c)3?

Pamela, you would not "convert from an LLC to a 501(c)3". The 501(c)3 is a tax classification that could be obtained by an LLC. If you want to have a separate "arm" to be the not for profit business,...

Jerry Answered: How can I get out of a book contract?

I have represented several authors and know that, all too often, the agreements are not favorable for the writer. The payout is usually very low and it is difficult and expensive to verify the publisher's...

Jerry Answered: How to create a vesting schedule for an LLC?

The difficulty as I see it is that each situation is so unique that, even if one of us were to provide a model vesting schedule, it may not apply to your business. Your particular business has to be examined...

Jerry Answered: What can I expect to pay to form an LLC?

This really varies from state to state. The filing fees are different in each state. You should contact several attorneys in your state to determine the fee.

Jerry Answered: Should I add on my contract that if items wont be delivered on time then it’s an extra charge or stop the project while they will need to pay me the remaining?

It must be in the contract. If not, then you may not have the right to stop work and/or demand more money. In fact, if you stop work, it is possible that you could get sued for resulting damages.

Jerry's Badges

Login to Business.com

Login with Your Account
Forgot Password?
New to Business.com? Join for Free

Join Business.com

Sign Up with Your Social Account
Create an Account
Sign In

Use of this website constitutes acceptance of the Terms of Use, Community Guidelines, and Privacy Policy.

Reset Your Password

Enter your email address and we'll send you an email with a link to reset your password.

Cancel