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Elliott R. Teel
Teel Law Office, LLC
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Claimed Lawyer ProfileQ&AResponsive Law
Biography
I provide legal services for individuals and small businesses throughout southern Maine. I offer legal analysis and litigation services on real property issues. I represent buyers and sellers in real estate transactions. For business owners I can assist with formation, contract and general consulting matters. For many matters I offer services at flat-rate pricing.
Education
- UDC David A. Clarke School of Law
- J.D. (2006)
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- St. Lawrence University
- B.A. (1995) | Environmental Studies and Sociology
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Professional Experience
- Director
- Portland Independent Business and Community Alliance
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Professional Associations
- Maine State Bar # 004222
- Member
- Current
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- District of Columbia Bar
- Member
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Jurisdictions Admitted to Practice
- District of Columbia
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- Maine
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Fees
- Free Consultation
- Credit Cards Accepted
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Rates, Retainers and Additional Information
I offer several services at a flat rate - please see my website for more information.
Practice Areas
- Real Estate Law
- Commercial Real Estate, Condominiums, Easements, Eminent Domain, Homeowners Association, Land Use & Zoning, Mortgages, Neighbor Disputes, Residential Real Estate, Water Law
- Business Law
- Business Contracts, Business Dissolution, Business Finance, Business Formation, Business Litigation, Franchising, Mergers & Acquisitions, Partnership & Shareholder Disputes
- Estate Planning
- Guardianship & Conservatorship Estate Administration, Health Care Directives, Trusts, Wills
- Intellectual Property
Languages
- English
Legal Answers
- Q. Do I pay taxes on selling LLC share for less than invested?
- A: You should discuss this with an accountant because there may be other information needed to answer. But it sounds like you would want to include it as a loss on your tax return.
- Q. What filings are needed to sell my LLC interest in Maine and remove my name from ownership?
- A: The paperwork for change in the membership in the LLC is kept with the LLC, and not filed with the state. The LLC will need to file an Annual Report with the Maine Secretary of State by June, and that should reflect the change in the membership.
As part of the buyout, you will sign a document releasing your membership shares, and there will need to be documentation showing the LLC is accepting the shares. You should keep copies of those if there are problems later on.
- Q. My father in law owns a parcel of land he inherited from his father. The man who owns the adjacent property has put up
- A: There are a couple of issues here. First is if the easement is in the deeds, and what the stated scope of it is. If there is clear language in the deed granting the right-of-way that is being blocked, then there are grounds to sue. If the right-off-way is only based on past use, that is more difficult to address. As to who can sue, generally, it would be the owner of the land who has standing to sue. If you have a written purchase agreement, that might give you standing to sue also.
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