Archive for April, 2008

Sample Document | Minutes of Initial Meeting of Board of Directors

MINUTES OF ACTION OF BOARD OF DIRECTORS OF
GREGORY M. MASTERSON CONSTRUCTION, INC.,
 A CALIFORNIA CORPORATION.
 
            The director of the above corporation, Gregory Michael Masterson, pursuant to the bylaws of the Corporation hereby submit his written consent in lieu of meeting, and agree unanimously to the following:
           
            The Articles of Incorporation of the Corporation were filed in [...]

Trademark Specimen - Requirements and Tips

Trademark registrations require the applicant to demonstrate use of the proposed mark by showing a trademark specimen. A specimen is “a label, tag, or container for the goods, or a display associated with the goods. The Office may accept another document related to the goods or the sale of the goods when it is not [...]

8 Great Things To Do With Your Stimulus Tax Refund

Great Ideas for your tax windfall–a must-read.

Legal Form | Credit Repair: Method of Verification Demand

-This is a sample “MOV” or “method of verification” letter. It’s an advanced tool in a consumer’s credit repair arsenal. Before using it, you should read about Method of Verification.
Experian
701 Experian Parkway
Allen, TX 75013
RE: Fair Credit Reporting Act Request under § 611(a)(0)
To Whom It May Concern:
Time is of the essence with regard to this request. You [...]

Method of Verification - Credit Repair Device

At least one major credit repair website touts “Method of Verification” as a “secret credit repair tool.” Well, not exactly. Method of Verification, or “MOV,” refers to a statutory right that consumers enjoy to demand that a credit reporting agency (transunion, equifax, etc.) supply upon request the method of verification when a consumer asks that [...]

What Is an S Corporation?

What Is an S Corporation?
An S Corporation is a C Corporation that elects “Subchapter S” status. All S Corporations begin their lives as C Corporations; Corporations elect to change their status to S Corporations.
The S Corporation Election is made by the filing IRS Form 2553 before the expiration of the 15th day of the third [...]

S Corporation Election

How to Make the S Corporation Election
All S Corporations begin their lives as C Corporations–no Secretary of State in the US makes a distinction between S Corporation and C Corporation. The S Corporation election is just that: an election.
The S Corporation Election is made by filing IRS Form 2553 before the expiration of the 15th [...]

Types of Corporations

An unbiased guide to the different types of corporations, including C corporation, S corporation, close corporation, and professional corporation.

What Is a Deficiency Judgement in a Foreclosure | Debt After Foreclosure

Will I Owe a Debt After Foreclosure?
Well, let’s begin with a different question: will I be sued after a foreclosure? Whether you can be sued after a foreclosure depends on whether your state is a deficiency state or an anti-deficiency state (you want anti-deficiency).
What is Anti-Deficiency in a Foreclosure?
An anti-deficiency law is a law [...]

LLC Tax Advantages - LLC Advantages

First, a definition. An LLC is a statutorily created form of business entity that combine features of both partnerships and corporations. For more information on the differences between these business entities, please read: Corporation vs. LLC vs. Partnership.
Now, on to LLC Tax Advantages
LLC Tax Advantage: Pass-Through Taxation
LLC’s enjoy pass-through taxation. Here’s how it works: C [...]

Federal Income Tax Brackets - Federal Tax Brackets

Federal Income Tax Brackets
Federal Tax Brackets
February 2008
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Schedule X — Single Filer

If taxable income is  over–
But not over–
The tax is:

$0
$7,825
10% of the amount over $0

$7,825
$31,850
$782.50 plus 15% of the amount over 7,825

$31,850
$77,100
$4,386.25 plus 25% of the amount over 31,850

$77,100
$160,850
$15,698.75 plus 28% of the amount over 77,100

$160,850
$349,700
$39,148.75 plus 33% of the amount over 160,850

$349,700
no limit
$101,469.25 plus 35% of [...]

Small Claims Court | Statute of Limitations

All civil claims which arise in small claims court will be subject to some statute of limitations. A statute of limitations is a law that dictates the number of years in which a claim must be brought for liability to attach to a defendant. If a plaintiff waits beyond the expiration of the statute of [...]

Small Claims Court: Researching the Likelihood of Recovery

Now you must turn to the question of whether a judgment can ever be collected from the defendant. If the defendant does not pay a judgment voluntarily, the plaintiff is then forced to resort to time-consuming collection efforts such as placing liens on property or garnishing wages. A crafty defendant can dodge legitimate collection efforts [...]

Small Claims Court: Personal Jurisdiction

Personal jurisdiction refers to the ability and authority of a court in a state to have jurisdiction over the parties to a dispute. Personal jurisdiction operates on a state-by-state basis. So, if any court in the state has personal jurisdiction over you that means all the courts about state and personal jurisdiction over you. A [...]

Small Claims Court - Negligence & Cars

How To Prepare a Plaintiff’s Case for Negligence
Your task as a plaintiff in a negligence case is quite simply to prove all of the elements of your case and to secure all damages to which you are entitled. We have discussed the elements of a negligence case. You must be prepared to prove all the [...]

Small Claims Court: Evaluating Your Case

Be careful: the evaluation of a case is where most people make their greatest error. When you misjudge your case, you run terrible risks. You might miss an offer for settlement or resolution, or you might waste time pursuing a loser case. Remember, nearly every case has a winner and a loser. Thus, in nearly [...]

Small Claims Court: Draft and File the Complaint

Your lawsuit officially begins when you prepare and deliver to the small claims clerk a small claims complaint. A complaint is a legal document in which you state the names of the parties, the nature of the claim, and a request for relief. All lawsuits began with the filing of the complaint, from small claims [...]

Small Claims Demand Letter

How to Write an Effective Small Claims Demand Letter (and a Sample Example)
The letter a plaintiff uses to begin settlement discussions is what’s called a demand letter; or to look at it another way, a demand letter is simply a demand to be paid for money or a debt owed to you. A demand letter [...]

Small Claims Court: the Counterclaim

A defendant has a very powerful tool in his or her arsenal: the counterclaim.
A counterclaim is just as it sounds; it is a claim by the defendant against the plaintiff that is filed and served following the plaintiff’s original claim. The counterclaim must be written and must be filed with the court and served on [...]

Small Claims Court - Contracts & Collecting Debts

Contract disputes appear frequently in small claims court. Many small businesspersons or consumers find themselves in small claims court eventually. Let’s examine how to pursue and how to defend a contract dispute in small claims court.
To see a table showing a Small Claims Court Guide for your state , click here .
To see a table [...]