I have researched online lots of different ways to assess the value of my Business but it varies greatly. I need a local lawyer to help assess that value and represent me in a merger!
I believe you need two resources. First, you need an accountant or other professional skilled and experienced in valuing businesses. As you no doubt know, businesses can be valued based upon book value, multiples of earnings, as well as other measures.
Second, you need legal representation in the merger, both to discuss with your personal interests an long and short term goals, as well as to help you protect your investment.
Washington International Business Counsel
Which State should I set the LLC up in?
Mr. Callahan is correct, that you will need to register a MA LLC in Ohio if it "does business" in Ohio. Owning rental real property will almost certainly be deemed to "do business."
Ohio is a fairly easy state for setting up your LLC. Since LLC's are disregarded entities for tax purposes, i.e., the LLC pays no tax but rather profits and losses flow to you, consult with your CPA to make sure you do not get hit with OH and MA income taxes. I think that is unlikely, but I would make a quick call to your CPA just to be certain.See question
5 companies all by one owner will like for them to fall all under the same corporation or tax id number is that possible
If you would prefer that all companies operate under one tax id, that is possible in a couple of ways. First, you could integrate all of the companies into one and operate them as divisions of the same company. Each would be its own profit center. You may need separate EIN's for banking purposes, but if they are all part of the same enterprise you should be able to file only one tax return, etc.
Alternatively, I believe you can make four of the companies subsidiaries of the fifth company and file a single consolidated return. I defer to the tax specialists on that issue. It may make a difference whetheryou have C corps or S corps as well.
In short, if for business reasons you want to bring your companies under one umbrella with one EIN that should be possible. Recognize, however, that you have both a corporate issue of how best to integrate the companies an a tax issue, i.e., whether you can file a single return or whethr you must file multiple returns.See question
2 step process is proposed to convert a c-corp to a s-corp. Then convert the same s-corp to a llc. Possible? Tax issues? Time issues?
The threshold question is what are you trying to accomplish. Why do you wish to make the change? Some states make such conversions simple, while others make the task arduous. Your question poses both tax questions and business issues.
On the tax front, a competent CPA may be able to provide guidance. On the structural front, again it will depend upon the state or states in which you are registered.See question
I am looking for business attorney who has drawn partnership agreement for E2 visa. I am buying 70% shares out of my friends company who runs restaurant business in California. Please forward me your contact information if you are from California.
I am not from California, but our firm represents businesses around the U.S. and abroad. My colleague is an experienced immigration attorney thoroughly knowledgeable regarding E2 visas and the requirements, whereas my experience is in the drafting of the agreements. In fact we are working on such an arrangement now. My colleague is in fact admitted in California as well. I would be happy to speak with you about your needs.
Since the website is targeting U.S. visitors, they want to register a C-Corp in Nevada. The CA person will be a passive investor owning 70% who will not participate in the operation of the business at all. The tech person in Europe wi...
Let me raise a couple of questions, as I deal with these kinds of internationally owned companies regularly.
First, why Nevada as the choice for incorporation. I have a strong preference for Delaware and use it regularly, though I understand that Nevada is trying to compete with Delaware in the market for incorporating. I just find the service superior and it is more convenience should anyone in Europe ever have to appear for anything. There are other reasons for the preference as well, though I confess there are some subjective criteria.
When seeking an EIN there are questions to be answered. It is possible that the CA soon to be shareholder could in fact register the company using his own SS number, though that is a longer conversation than this space allows.
If the CA person has authorization from the directors and/or officers and has in hand the EIN letter and the Articles of Incorporation, he may be able to open the account.
The use of the residential address should not be an issue.
Having said all of that, there are myriad other things to consider, among them the ultimate tax consequences. If the tech person is in Europe is he in a country that has a tax treaty with the U.S. Are things structured to avoid double taxation?
My concern here, as often is the case in these situations, that you have adequate information to make informed choices in the structure and operation of the company. One question that leaps to mind is why one would own 70% and not insist on a Board seat.
I suspect that there are other factors to be evaluated.
I would be happy to speak with you off line without charge. to discuss your needs and strategy.
Washington International Business Counsel, LLP
Hi, our company has recently formed as an LLC in California. We plan to raise a seed round soon via convertible notes and then in around 12 months raise further funding with a series A round. Some people have told us that most angel investors that...
My experience is that investors want C corporations. The LLC operates differently, and the C corporation works better for outside investors. The cost of setting up you C corporation is not all that great--several hundred dollars at most.See question
A friend of mine has starting a company. It is an llc. She has done all the proper paperwork and is good to go. Her company has a website with the same name. However, she has another website that offers different services. She is trying to promote...
If I understand you correctly, this should not be a problem. Let's say her company is "Jane Smith, LLC." She has JaneSmithLLC.com. Her other site is XYZ Services.. JaneSmithLLC.com offers real estate services and XYZ Services sells cosmetics. She has a couple of options One site could be Jane Smith, LLC presents "SuperWeb.com" and Jane Smith LLC presents "Super Cosmetics.com" She could also use a doing business as identify for the second company.
There is no requirement that a company market under its own name, though it is often good business. She can run the ABC Website selling one product and the XYZ site selling another. In her terms and conditions on the site she must reveal the true identify of the company.
That is one way and there are others.
My question is can i have someone invest in one of these areas and share profits with them for say our New York operation. I don't want them to share in profits from my Maryland area just for the area they will help me expand into. The reason is ...
The ultimate answer is "yes." You might be best served by creating a subsidiary company. If you are an LLC now and not taxed as an S corp., you could probably arrange for unequal distributions.
I would be happy to discuss further with you.
Admitted in DC, MD, OH, PA
No details, just a blanket letter from Landmark Technology sent to a large corporation (my client) with vague language saying the client's website I developed uses their patented technology. The details are sparse and quite incorrect. It is appa...
Look at IPWatchdog.com. You may want to contact Gene Quinn at IPWatchdog. He can advise youSee question