I work for a medium size 40 employee company in a management capacity. I'm responsible for purchasing equipment and software. What sort of legal issues could arise from purchasing the equipment myself and reselling it to the company? [more inside]
Every month my company sells roughly $15,000 worth of monthly recurring revenue contracts with five year term lengths. The service sells for $1,000 per month so every month we sign on 15 new customers.
$15,000 * 12months * 5 years = $900,000 (total contract revenue for all 15 contracts sold during the month)
We've maxed out our borrowing on physical assets held by the company and I need to find a way to unlock these revenue streams to use as collateral for further growth.
What's the best way to do this? I would prefer to not have to go to every customer and amend their contracts in any way.
An activist performance artist is currently facing a year in jail for a 15 minute protest in a New York bank; the Manhattan District Attorney’s is charging him and his choir director with “riot in the second degree, menacing in the third degree, unlawful assembly, and two counts of disorderly conduct”. The case is well publicized and has first amendment issues; I’m curious about its economic implications. How much money will New York City spend bringing this case to trial? What if the trial goes past the one hearing? How much does it cost to jail someone for a year? Courtroom use; judge and prosecutor time; trials for other crimes having to start later, appeals: added up, what do these parts of a misdemeanor prosecution cost NYC in cash money?
For reasons that were mutually beneficial at face value, I sold my car to my SO's parent. However, therein lies the problem.. any way to get myself in a better situation than the one I've inadvertently gotten myself into without realizing the full ramifications of my decision? [more inside]
I lent my cousin a very special item. Now they won't give it back. Do I fight or retreat? [more inside]
I realize that YANML but I find myself in a dilemma and I'm not sure how to proceed.
Is it legal for a company to withdraw online payments from my account without notifying me first? [more inside]
Health insurance for vagabonds? (How can I purchase health insurance when I'm in between fixed addresses/states?) [more inside]
Posting for a friend who may be sued in California for a credit card debt. The friend has been a starving university student in Europe for several years, with no money to make payments on the debt. We've read this useful thread
and others, but wonder what the advice is for someone who's not in the country. [more inside]
Help! Looking for UK resources for my partner with ADHD who can't cope with admin, legal and money matters and who's frustrated at every turn by companies insisting they will only deal with him and that other people can't do things on his behalf. [more inside]
Collecting money from a rogue client. Trying to be specific with information but vague with details. Desperately seeking advice. Let's get this out of the way: you are not my lawyer. [more inside]
My mother has always been emotionally abusive and unable to support me in any way, but after what I found out today I feel like never speaking to her again. Has my family gone too far this time? I really feel lost on this one and would love any and all advice, including legal advice. This is going to be quite long... [more inside]
I have ~$100K in student debt...from undergrad. A very long story with legal, emotional and financial questions after the jump. [more inside]
Does my friend have any legal recourse to get back money loaned to another friend who has no intention of paying up? More details below. [more inside]
We're getting sued. [more inside]
What are my rights with my insurance company? [more inside]
What sort of state of organization are the financial records of most sole proprietorships in? [more inside]
NYC: i have a weird rent/sublet situation and would like some advice on how to protect myself, stuff, and money WITHOUT signing a lease. read on... [more inside]
Dick Jones from Robocop filter: Has there ever, in real life, been a convicted case of murder where a high profile, multi million/billion businessperson either killed or hired someone to kill a business competitor, either within the company or in another company? [more inside]
What should I take into consideration when spearheading an anthology project? What resources are out there for us? [more inside]
Everyone in my department at work (desktop publishing) is paid overtime except me (I'm salaried) and we all have the same job title and responsibilities. Is this legal? [more inside]
Would an agreement to pay back a personal loan by a specific date, signed and notarized by both parties be a legally binding document?
Law/ Lawyer Filter: I've decided on Law School, but am trying to decide which area of law to focus on once I get there. [more inside]
Has anyone used All World Private Funding to get a loan? And if so, what was your experience?
Wisconsin Car Title Filter: I'm trading my vehicle for another vehicle plus cash. Wondering what to do about titling the new vehicle. [more inside]
So... Debt collectors are calling, and I'm not sure if they're acting within the law. Please advise. [more inside]
Poor student needs music service suggestions. [more inside]
I'm a newbie freelancer. Two of my clients, owing me money for services, wrote me checks that bounced. [more inside]
Expat American hates money, inherits share of house, perhaps $100,000. Do I need an accountant, a lawyer or something else to advise? [more inside]
How do I get my money back from my ex-roommate? [more inside]
Help a bunch of idiots start a business maybe - advice required on how to go about it. [more inside]
If a contractor terminates a job with a client before 100% of the work is completed, and has been paid a portion of their fee up front, is the contractor obligated to return the portion already paid, or a portion thereof? [more inside]
I decided to try my hand at making a grant application, sent the 8 pages or so letter and forgot all about it. Then yesterday, I got a call indicating that I may actually have a chance of getting some if not all of the amount I requested ($40+ grand for video/photo equipment/NLE gear, stipend). Although I'm seriously excited, I have a few questions to ask you, fellow MeFites:
1. Will I owe taxes for this money?
2. What questions might their lawyer/trustee ask me if they ever call?
3. Do I get to keep the equipment after? (I know its stupid but this is my first time)
4. Can people actually earn a living doing this "grant" gig?
5. Is there some etiquette involved when receiving the moolah? (i.e. hugging the donor, kissing her feet, thank you letters)
6. Am I absolutely, legally bound to follow through with this project?
6. Any advice is welcome.
Thanks for your time and patience.