Joseph M Hoffmann’s Answers

Joseph M Hoffmann

Newton Trusts Attorney.

Contributor Level 7
  1. When a company is dissolved what happens to the assets and liabilities?

    Answered almost 4 years ago.

    1. Joseph M Hoffmann
    1 lawyer answer

    A corporation and an LLC are two completely different entities. In New Jersey, in order to file a dissolution certificate you are required to get a tax clearance certificate from the state Department of taxation confirming that all outstanding taxes have been paid in full. Companies can not wipe out their own tax liabilities and if they are unpaid. The IRS does have some rights under the Internal Revenue Code to assess liabilities against the company officers. If the trust that bought the...

  2. Can you lose your food stamp benefits from an inheritence if you live in New Jersey

    Answered almost 4 years ago.

    1. Joseph M Hoffmann
    1 lawyer answer

    FOODS STAMPS ARE A BENEFIT BASED UPON "FAMILY" RESOURCES. IF YOUR WIFE RECEIVES AN INHERITANCE THAT IS SUBSTANTIAL YOU PROBABLY WON'T CONTINUE TO QUALIFY FOR FOOD STAMPS AND YOU MAY NOT NEED THEM.

  3. Do I need a Real Estate Attorney

    Answered almost 4 years ago.

    1. Joseph M Hoffmann
    1 lawyer answer

    BECAUSE THE OLD MANAGEMENT COMPANY TOLD YOU VERBALLY THAT YOU WERE UP TO DATE IS NOT SUFFICIENT. THEY MAY HAVE BEEN WRONG. YOU SHOULD HAVE YOUR OWN CHECKS, RECEIPTS OR PAYMENT RECORDS TO PROVE THAT YOU PAID ALL YOUR DUES IN FULL. IF YOU DO NOT HAVE PROF OF PAYMENT, YOU STILL OWE THE BILL AND PROBABLY THE LATE FEES.