what type lawyer do i need for suing for 150,000.00 on a loan i made to an llc

by Mervin Gislason II 10 min read

Do I need a lawyer to sue a company?

Sep 04, 2020 · Negligence. To sue lawyer for negligence, you need to be able to prove the attorney didn't use the proper care in your case and missed a deadline, filed the wrong papers, didn't comply with court orders, or made other errors that were not intentional but were sloppy. Negligence happens when the attorney makes mistakes that other attorneys ...

How much can you sue someone for in Small Claims Court?

Mar 28, 2019 · The maximum amount varies from state to state, but it’s typically between $2,500 and $25,000. If the client you’re suing doesn’t show up in small claims court, you will win the case by default. If they do show up, the trial is normally quick and …

Can an owner of an LLC be sued personally?

Generally, to file a claim in small claims court, you must file a document known as a complaint. The bank must receive a copy. The bank may then file an answer. Once the court has copies of the complaint and the answer, the court will set a trial date. At the trial, each side presents their evidence. The court then makes a decision.

Do I need a bankruptcy lawyer to sue a bank?

Sep 29, 2020 · Criminal Lawyer. If you or a loved one has been charged with a crime, a criminal lawyer is the type of lawyer you should turn to. A criminal lawyer will be knowledgeable in areas related to criminal law, including issues related to bail, arraignment, arrest, pleas and any issues relating to the criminal trial itself.

Who owns the assets of an LLC?

Since an LLC is a legal person, the property it owns is the property of the LLC, not of the members. The New York LLC Act is clear: “A membership interest in the limited liability company is personal property.Feb 12, 2010

In which court would one file a lawsuit where the claim is greater than 10 000 in California?

If your claim is worth more than the limit, you can file your case in civil court. You can represent yourself or hire a lawyer in civil court. Or, lower the amount you ask for and give up (or waive) the rest. That way you can keep your claim in Small Claims court.

Who is responsible for the liabilities of a corporation?

A corporation is an incorporated entity designed to limit the liability of its owners (called shareholders). Generally, shareholders are not personally liable for the debts of the corporation. Creditors can only collect on their debts by going after the assets of the corporation.

What is the maximum amount you can sue for in small claims court in California?

You can sue for up to $10,000, if you are an individual or a sole proprietor. Corporations and other entities are limited to $5,000. In addition, a party (individuals or corporations) can file no more than two claims exceeding $2,500 in any court throughout the State of California during a calendar year.

What happens if someone sues you and you have no money?

You can sue someone even if they have no money. The lawsuit does not rely on whether you can pay but on whether you owe a certain debt amount to that plaintiff. Even with no money, the court can decide that the creditor has won the lawsuit, and the opposite party still owes that sum of money.Dec 9, 2021

What are the 4 types of civil law?

Four of the most important types of civil law deal with 1) contracts, 2) property, 3) family relations, and 4) civil wrongs causing physical injury or injury to property (tort).

Are directors personally liable for company debts?

When are directors personally liable for company debts? Personal guarantee: where directors provide a personal guarantee in order to acquire loan funding, they will be personally liable to pay if the company itself cannot. Lenders can claim against a director's assets and property.Apr 26, 2021

What can directors of a corporation be held personally liable for?

Stat. §§ 181.0855(2), (3), 181.0832, 181.0833. In addition, remaining areas of personal liability for O&Ds may include: tax, worker's compensation, unemployment insurance, liability to investors under securities law, fundraising activities, antidiscrimination laws, and environmental law.Mar 15, 2016

What happens if a company Cannot pay its debts?

Secured Debt With a secured loan, if a corporation misses enough payments on the debt, the creditor can repossess the secured property. The terms of the loan agreement and state law specify when, how and under what circumstances a creditor can repossess and resell secured property.

What kind of damages can you sue for in small claims court?

Personal injury claims (such as dog bites) Collection on debts or loan repayments. Professional negligence claims (like bad car repairs) Claims regarding the return of a renter's security deposit or personal property.Aug 25, 2020

What happens if you lose in small claims court?

If you lose your claim you will have to pay your own costs. You do not have to pay the defendant's costs when using the small claims track unless you have failed to follow protocol.

Can you recover costs in small claims court?

Costs are extremely limited on the Small Claims Track, and it's safest to provide for costs recovery in the event of breach (such as non-payment) in a contract from the outset.Apr 27, 2018

What is the process of suing a client for non payment of services?

Suing for non-payment of services involves making a formal demand for payment, filing a lawsuit and seeking a judgement in court. The process of suing a client for a past due invoice can be costly ...

What to do if client is in danger of bankruptcy?

If the client is in danger of filing for bankruptcy or doesn’t seem to have enough money and assets to pay you back for what you’re owed, you might want to consider selling the debt to a collections agency instead of going through with a lawsuit.

What does a lawyer do?

A lawyer can help you determine whether a lawsuit is worthwhile in your circumstances and advise on the strength of your legal case. They’ll have helpful insights on the law governing your case. They can also give you insights into what court to file a lawsuit with based on the specifics of your situation.

What is the least expensive legal option for small businesses?

Small claims court is typically the least expensive and least time consuming legal option available for small businesses looking to collect on debts. It is meant to solve disputes quickly and the process is straightforward enough that most people don’t hire a lawyer to represent them in small claims court .

Do you have to pay a filing fee to file a small claims lawsuit?

As the plaintiff in the case, you will need to pay the filing fee to file a lawsuit in small claims court. Once the judge rules on the case, though, they will usually award the fees to one of the two parties: either you, the plaintiff or your client, the defendant.

How to prevail in a bank discrimination lawsuit?

To prevail in such a lawsuit, you must prove the bank intentionally discriminated against you on account of your race, religion, gender, color, or national origin. Find the Right Finance Lawyer. Hire the right lawyer near your location. Find My Lawyer Now!

What to do if a bank violates your rights?

If you believe that a bank has violated your rights, you should consider contacting a bankruptcy lawyer near you. Before you contact the attorney, you should gather information about your claim that the attorney will ask you about. This information includes records pertaining to your claim, including financial documents.

What is a small claims court?

Small claims courts are specialized courts that hear claims involving limited monetary damages (damages of up to a certain amount only). Each state’s small claims court system has its own damages amount and filing procedures. Generally, to file a claim in small claims court, you must file a document known as a complaint.

What is required under TILA?

Under TILA, banks are required to provide consumers with accurate information about credit transactions. This means banks must provide accurate disclosures about the rate of interest, monthly payment, and other pertinent information about mortgage and credit loans.

Can you sue a bank for false credit report?

Under the FCRA, you may be able to sue a bank for refusing to remove false information the bank has placed on your credit report.

Can you sue a bank for a loan?

Under some circumstances, you can sue a bank for its refusal to provide a loan. For example, if a bank has denied you a loan for a discriminatory reason (because of your color, gender, race, religion, or national origin), you may be able to file a lawsuit in federal court. To prevail in such a lawsuit, you must prove the bank intentionally ...

Can a bank file an answer?

The bank may then file an answer. Once the court has copies of the complaint and the answer, the court will set a trial date. At the trial, each side presents their evidence. The court then makes a decision.

What is a worker's compensation lawyer?

If you’ve been injured while on the job, or have had to face the death of a loved one as a result of a workplace accident or occupational disease, a lawyer who specializes in workers compensation law can help you navigate the issues you face, such as the extent of the employer’s fault and the amount of benefits to which you are entitled.

What can a corporate lawyer do for you?

A corporate lawyer will be able to help you with issues related to the formation of your corporation, general corporate governance issues and corporate compliance issues.

What is a disability attorney?

The Social Security Disability system can be a particularly complex system in which to navigate. An attorney who specializes in Social Security Disability issues can help you with any step in the Social Security Disability process, including assisting you with eligibility issues, launching an appeal of a decision to deny you benefits and dealing with the reduction or termination of your benefits.

What is an estate planning lawyer?

The estate planning lawyer specializes in wills and trusts, and can help you to draw up a will to pass on your assets. Among other estate planning legal services, this type of lawyer can help you set up a trust which will help take care of your children’s financial needs.

What is an IP lawyer?

Also known as an IP attorney, an intellectual property lawyer can advise you with regard to issues relating to intellectual property, such as copyrights, trademarks, patents, industrial design and trade secrets.

What is an employment lawyer?

Employment Lawyer. Whether you’re a company that’s having a problem with an employee, or an individual who’s having problems with the company you work for, an employment lawyer can generally provide advice about legal issues which arise from an employment contract or within an employment relationship.

Do lawyers specialize in a particular area of law?

The legal field is vast and complex, and you’ll find that many lawyers specialize in a particular area of law. If you find yourself in need of a lawyer, make sure they have the expertise to handle your unique situation. Because there are so many different types of lawyers, you'll want to match your legal concern with the appropriate attorney.

How to sue a company for damages?

In order to sue a company for damages, a plaintiff should take the following steps to increase their chances of bringing a successful lawsuit: Before initiating a lawsuit, it may be wise to speak to a company representative to ensure that there is not an easier way to resolve the issue.

How long do you have to file a lawsuit in California?

For instance, a person who sues a company in California based on a personal injury claim, will have two years from the date they were injured to file a lawsuit against that company.

How long do you have to file a personal injury lawsuit in Florida?

In contrast, a person who sues a company in Florida based on a personal injury claim, will have four years from the date they were injured to file a lawsuit against that company. A person who fails to file a claim within the prescribed time frame will be barred from bringing a lawsuit against the company.

Why do people sue companies?

In general, some common reasons to sue a company include the following: If a person suffered harassment when either working at the company or when visiting the company as a patron (e.g., grocery store worker harassed them); When a company fails to pay a worker their ...

What can a business lawyer do?

Your lawyer can also help you to gather evidence, request the right items for discovery, and assist you in preparing and filing your claim.

What type of company is liable for a violation of federal laws?

Almost any company can be held liable for actions that violate federal, state, and/or local laws. Some types of companies that may be held liable include: For-profit companies (e.g., corporations, limited liability companies, partnerships, etc.); Non-profit organizations (such as charities);

What are the remedies for a small business?

Some other remedies that might be available when suing a small business include: Requesting that the court issue an order stating the company is legally obligated to change their company handbooks, policies, and/or procedures; Various economic and noneconomic damages; Punitive damages or fines; and/or. Restitution.

Why do I get more money than I would get by suing?

From a purely practical point of view, you may receive more money that way than you would by suing, because you will have to pay attorneys' fees and other costs in connection with a lawsuit. 4.

What to think about before sueing a company?

1. Do You Have a Good Case? This may seem obvious, but you need to have a genuine legal claim or " cause of action " in order to have a court support your position .

What is the statute of limitations for a lawsuit?

Laws that place a time limit on bringing a lawsuit are called " statutes of limitations .". You do not need to handle the entire case within the statute of limitations. You will have a certain amount of time to file the lawsuit, and then the lawsuit can take whatever time the state courts determine it needs. 8.

How does a lawsuit affect your life?

A lawsuit may take a lot of time and energy, and can be emotionally draining. Remember that you might find that you have less time and energy to devote to your work, business, family, and social life for the duration of the lawsuit. The case may involve completing demand letters and paperwork, filing at the clerk's office, waiting in court until your turn to speak, and following any of the judge's orders.

What is the last step to take to avoid a lawsuit?

If you have done everything you can to avoid a lawsuit, then your last step is to sue the company. You need to be within the statute of limitations for your state, and you will need the company's legal business name, the name of the owner, and their contact information before you file the lawsuit.

What is a small claims court?

Each state's court system has some variation of " small claims court " or "conciliation" court, which only hears disputes in which a certain dollar amount is at issue (usually $5,000 or less).

Is it cheaper to settle a lawsuit?

Lawsuits can be expensive, and recovering your attorneys' fees is often not an option. Ask your lawyer for an estimate of legal fees, and do the math. It may be cheaper to settle. Get legal advice from an attorney you trust and consider the amount of money you could win compared to the amount you'd get in a settlement.

How Can You Protect Yourself From Personal Liability?

As an LLC owner, also called a member, there are actions you can take to protect yourself and limit your legal exposure. While this list is not extensive, it does cover some of the more common situations:

How Can You Be Personally Liable as a Member of an LLC?

If you follow the guidelines above, you can usually avoid personal liability. However, you could be personally liable for claims against the LLC under these circumstances:

How much does it cost to file a small claims lawsuit?

You will also need to pay the filing fee, typically $100, or ask the court clerk for a waiver based on low income or public assistance.

How much can a claim court handle?

In some states, claims courts will handle small claims up to $10,000. In other states, the number is $5,000 or less. Most states require you to send a demand letter to the contractor informing him of what the issue is and giving him a chance to resolve it.

What happens if you don't show up for a small claims court?

If you fail to show up, your claim will be dismissed. If the contractor fails to show up, you may win your case by default. If you find you cannot sue in small claims court, you can still sue in civil court, although it is more complicated and takes longer.

How to find the deadline for small claims court?

You can find the deadlines by calling the small claims court clerk’s office. You need to calculate the damages you are claiming because this will determine whether or not you can sue in small claims court. Different states have different requirements. In some states, claims courts will handle small claims up to $10,000.

Can a homeowner sue a contractor for construction defects?

In situations where there are construction defects, most states require a homeowner to give his or her contractor the opportunity to remedy the situation or fix the defects before filing a lawsuit. The homeowner can expect a reasonable level of workmanship quality from the contractor.

How long can an estate sue for wrongful death in California?

The estate can then sue until the later of: Two years from the wrongful act, or. Six months after the victim’s death. 8. A wrongful death action, on the other hand, accrues when the victim dies.

How many jurors are required to decide that the defendant was responsible for the victim's death?

In a civil lawsuit, nine of the 12 jurors simply need to conclude that it was more likely than not (“by a preponderance of the evidence”) that the defendant was responsible for the victim’s death. This is a much lower burden of proof than in criminal cases.

How long can you sue Joanie after she died?

But the representative of the estate can still sue for up to six months after Joanie’s death – that is, until April 29, 2018.

What is a wrongful death lawsuit?

Families of murder or manslaughter victims can bring two types of lawsuits: A “wrongful death” lawsuit, to compensate the survivors for their losses, and/or. A “survival” cause of action, to compensate the decedent’s estate for losses sustained by the victim prior to death. It is not necessary to secure a murder or manslaughter conviction in order ...

Do you have to survive a wrongful act in California?

Requirement that the victim survives at least briefly. Oddly, in order to recover for survivor damages, the victim must have survived, at least briefly, after the wrongful act. This is because California law does not allow the estate to recover for the victim’s pain and suffering.

Do you have to file a criminal charge to win a civil case?

In fact, criminal charges do not even need to be filed to win a civil case. Wrongful death and survival actions do not need to be won by the “beyond a reasonable doubt” standard of proof in criminal cases.

Can you recover punitive damages from a murder?

Losses for grief and sorrow are not recoverable at all by murder victims’ families. But punitive damages may be recovered in a survival action. These are damages that are not related to actual monetary damages suffered by the victim or family.