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Mississippi Business Formation Questions & Answers
1 Answer | Asked in Business Formation, Business Law, International Law and Securities Law for Mississippi on
Q: I'm a US citizen and I want to trade CFDs any workaround to do this legally? Would an offshore company approach work?

It's important to note that I technically wouldn't be trading it. It would be in a brokerage and then a company would be doing the trades for me, both of which are outside of the USA. So basically can I legally have my money go into CFDs and then the profit go back to me.

James L. Arrasmith
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answered on Mar 1, 2024

Trading Contracts for Difference (CFDs) directly is not permitted for US citizens through domestic firms due to strict regulations set by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). These regulations aim to protect investors from the... View More

2 Answers | Asked in Business Formation and Business Law for Mississippi on
Q: I was needing to know if u can be sued for opening a franchise in Ms,that the same franchise is already operating in Ms

was needing to know if you can be sued for opening a franchise in Ms, that the same franchise is already operating in Ms. Or can the owner operating under a franchise name, stop another individual from opening a business in a different location operating under the same franchise name?

Derek Allen Colvin
Derek Allen Colvin
answered on Feb 19, 2024

Its not clear what exactly is occurring in your case, but you should consult with a franchise attorney in your area to discuss. Anyone can file a lawsuit, but not all law suits are viable or filed in good faith.

If you signed a franchise agreement with a franchisor granting you the right...
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2 Answers | Asked in Business Formation and Business Law for Mississippi on
Q: I was needing to know if u can be sued for opening a franchise in Ms,that the same franchise is already operating in Ms

was needing to know if you can be sued for opening a franchise in Ms, that the same franchise is already operating in Ms. Or can the owner operating under a franchise name, stop another individual from opening a business in a different location operating under the same franchise name?

Nashir Ahmed Kushol
Nashir Ahmed Kushol
answered on Jan 23, 2024

In general, the ability to open a franchise in a specific location, such as Mississippi, and whether an existing franchisee or the franchisor can take legal action against a new franchisee depends on several factors:

1. Franchise Agreements: The rights and obligations of franchisees are...
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1 Answer | Asked in Business Formation for Mississippi on
Q: What is the best business type for co-owners?

The co-owners are me and my husband. It is a small business that specializes in event planning and coordination.

T. Augustus Claus
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answered on Sep 22, 2023

In Mississippi, forming a Limited Liability Company (LLC) is often a preferred choice for small business co-owners like you and your husband who are engaged in event planning. An LLC provides the liability protection that a corporation offers, while maintaining the operational flexibility and... View More

1 Answer | Asked in Business Formation, Business Law, Civil Litigation and Libel & Slander for Mississippi on
Q: Is it considered slander for someone to post personal information about an employee on your business page?
Tim Akpinar
Tim Akpinar
answered on Feb 6, 2020

Slander consists of verbal defamation. If in writing, it would be libel. But there is nothing mentioned about the statement being false and damaging. So it is possible that it is not any form of defamation. It could be a privacy or confidentiality-based violation. Your post remains open for four... View More

1 Answer | Asked in Business Formation, Business Law and Contracts for Mississippi on
Q: I recently opened a small business in Jackson, MS. I made a verbal agreement with an investor to start my company.

I opened the business 4/3/19. The business has been running well and has to begun to stable itself within the first month but my investor feels he needs to start seeing a profit return immediately. We had a huge dispute over some minor infractions. He took control of the finances and now will not... View More

Bruce Alexander Minnick
Bruce Alexander Minnick
answered on May 13, 2019

Justia is a free online legal forum established to allow members of the general public to ask general legal questions to experienced lawyers who volunteer their valuable time to do so. We are not here to advise people how to get out of trouble caused by their own misguided actions--especially when... View More

1 Answer | Asked in Banking and Business Formation for Mississippi on
Q: Is it considered forgery if your wife signs your name to a check without husbands permission
Bruce Alexander Minnick
Bruce Alexander Minnick
answered on Mar 26, 2019

This question is not as easy as it appears. The answer would depend upon several other factors, including whether the husband and wife have a joint checking account, whether the husband has allowed his wife to sign his name to checks in the past, whether the money involved was money that only the... View More

1 Answer | Asked in Business Formation for Mississippi on
Q: Have a loan through republic finance, hardship, unable to make payments, afraid of what they can do to me.

It's almost impossible to pay them off, but have faithfully paid them for 4 years, I have considered filing bankruptcy but don't know where to start of if I have enough debt to do so. I need help.

Randall R. Saxton
Randall R. Saxton
answered on Oct 3, 2018

You should meet with a local bankruptcy attorney for a free consultation to discuss your options. There is no “minimum” amount of debt required to file.

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