I Have an Incorporated Business with My Brother, How Do We Determine How to Manage the Assets Between Us?

I have had a business (incorporated) with my brother for about 10 years. We filed joint corp taxes all the while but I did not add my name to the corporation until it was in the last year. My question is this: the company has had a computer of great value. He has it in his home (not used) and I wish to have use of it or have it sold so I can get another. Is there any recourse or legal avenue I can take for me to have access to this system or force the sale of it? Read More …

The Man I Worked for Won’t Pick Up His Truck, Which I’ve Been Storing for a Year

Hi, I have a question that may be rather unusual to answer but thought I would try you and see. I drove a truck for a man almost a year ago . I quit him while I was in New Mexico. He is in Minnasota and I live in Missouri. To make a long story short: is it true that I can sell the truck or keep it for myself if I have stored it for a year? I have made numerus calls to him and left lots of messages, even with the company that he is leased to, and he will not answer me or call me back. Read More …

How to Determine Assets when Organization Decides to Split from its Parent Organization

I am part of a youth football/cheer organization. We are, by bylaws, part of a parent organization that brings together all sports (baseball, softball, volleyball, and our organization). This parent organization requires us to submit budgets for approval, and act as the bill payer for budgeted items. The idea of the mother organization is to help out other orgsanization if financial help is needed. Read More …

Developer Made Bad on a Deal; is This a Case of Unjust Enrichment?

A residential developer, who wanted to develop a tract of property adjacent to ours, has approached my sister and me about placing a detention pond and easement, which the city required his development to have, across our property in exchange for the purchase of our property within a specified future date and price per acre. We agreed to allow the easement and detention pond subject to the execution of 2 agreements drawn up by the developer: (1) Option to Purchase Real Estate with a scheduled execution date of Sept. 2005, and (2) Agreement of Intent to Develop Real Estate which specified a scheduled execution date of Feb. 2006, and which he signed. Read More …