Donations
What is the correct terminology for a monetary donation?
I have seen the wording 'Deed of Gift' used for charitable contributions of money as well as in-kind donations, but wonder if you agree that this is correct/satisfactory terminology for a monetary donation.
Can someone take a gift bank after a year?
I live in Texas and am currently having an issue. My wife's friend gave us a table and some chairs well over a year ago because she was getting new stuff. Now that I am not currently at home she is trying to take it back. Is this legal?
Are chain letters legal where it involved mailing money to others?
Is this legal as termed in the mail order business? You receive a packet of information asking you to send $1 to each of the people on the list. You then retype the list inserting your name at the bottom and removing the top name and send it to 200 people. If X% of people respond, you will receive X$ in so many weeks. It is purported as 'mail order' (and legal) because people are paying you to be put on your mailing list. The receiver would then keep records and claim this money as income for the IRS. If this is not legal, could it be made legal to include a form stating that the sender is 'gifting' this money to the receiver. The money then would not be considered as income for tax purposes.
Does my business partner have the right to rescind a gift of stock?
My business partner (relative) gifted a friend 7% of our fledgling business about 1 year ago just because she was a friend who was supportive of her. Our company is a LLC. We have made no money in the 2 years of operation. Now my partner/relative realizes she needs that percentage to maintain her majority control of the business as well as being able to obtain financial investors. My partner has told her friend she has rescinded the gift. Note her friend never received any benefit from the gift because the business has made none. However, her friend refuses to accept my partner has rescinded the gift. She threatens to take both of us to court which is ridiculous since the business has made nothing. Does my partner have the legal right to rescind this percentage gift or will it be necessary to go to court to have this done? Again, please keep in mind this is only a start up business and there is only debt and inventory that has gone nowhere.
Does my girlfriend have to pay me back for the implants I paid for if we are no longer together?
I paid for my girlfriends implants and we broke up. Does she have to pay me back?