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The amounts on the taxes will change some, but not as much as you might think. The employer will pay half the SS and Med. Profits will be reduced by that same amount, which in turn would reduce his...

Bring him in as an employee with his compensation tied to company profits. You would most likely need to pay him a min amount to satisfy min wage laws. There is no need to worry about buying him out...

danielcoyle, congratulations on your business venture.

It is always important to be on the same page as the person making the inquiry, especially with respect to complex legal and financing terms....

Welcome to our community, kcounsel. I'm at the other end of the spectrum, doing NO litigation (though I have a partner who does handle my clients' litigation needs). You can bring a new perspective...

As noted a few months ago, to make a suit worthwhile, you have to be able to prove economic loss. It's true that a liquidated damages provision replaces the need to prove actual damages, assuming...

As someone mentioned previously, the buyout agreement should be thoroughly reviewed for any clauses related to this type of situation. Apart from the confidentiality clause, you may have a...

JoeP, there seems to be some ambiguity with regard to the type of product idea that underlies your previously dissolved business. This idea could have manifested itself as a physical tangible good, a...

Thanks KristineS.

Thanks for the warm welcome vangogh. I also have some family in Nassau County.

Hello everyone:

Should anyone be familiar with the local towns on Long Island (New York), I recently opened my private law practice (Kamenshchik, L.L.C.) in Hauppauage. I am an attorney and...