My work van has graphics on it. I would think that since the HOA by=laws say Commercial with out a definition then it would be the DOTs' definition. Does this seem like a legal argument since their def. is not absolute? in Douglasville, GA
I'm not exactly sure what you are ultimately asking about, but I would assume that your "work" van is commercial because you admittedly use it for commercial purposes..See question
-Current LLC existed since 2000.
IRS Form 2553 is filed with the IRS: http://www.irs.gov/uac/Form-2553,-Election-by-a-Small-Business-Corporation. It is really a tax election and not an actual conversion.See question
//// Operating Company #1 - LLC, S-corp elect (for Real estate commissions earned from transactions) //// Operating Company #2 - LLC, S-corp elect (for income from Real Estate investment property) //// What is the best organizational/entity f...
I agree that more information is needed to give you a comprehensive answer, but a structure I see a lot that is relatively simple and efficient is where the subsidiaries are LLCs taxed as sole proprietorships (default tax status with one owner) and then the parent company is either a corporation or LLC taxed as an S-corp. So, the money all flows up to the parent and distributed as both salary and dividends per the S-corp tax structure (assuming there is enough profit to make it worthwhile).
Either way, you should have a good tax advisor and business attorney advising you on this and moving forward.See question
We have rented our house, today we got a message from Tenant that there is a leakage to the house. When we asked him what leakage- he has sen t the pic that shows there is a damage to the window and top wall of the window. who is responsible to r...
It depends on what the cause of the leak is. If it was caused by damage by the tenant (beyond ordinary wear and tear), then the tenant would be responsible.See question
I'm wondering if when I get a start up loan for a company I'm going to start if I need to incorporate first or can I get the loan first. I'm thinking of either incorporating or setting up an LLC.
You will have to personally grantee the loan even if it is in the name of the LLC, but it is still advisable to have the loan be in the name of the LLC. And since you should form the LLC to conduct your business anyway for other purposes, you might as well go ahead and set it up for the loan.See question
Thereafter, the third party company and this said company stop doing business. My inventory grew and I had an over supply of this special size and type pallet. It was agreed that this company would pay to my company a stated price for one year n...
It is much more likely to be a civil claim versus a criminal one unless you have strong evidence of their intent to steal the pallets. You are more likely to have success sending them a demand letter and then suing for breach of contract if the letter is not helpful.See question
What do I need to do in order to enforce a fully executed commission agreement with a landlord refusing to pay? Do I need to file a lien? If so, what kind? Or....do I need to take the Landlord to small claims court. My office tenant client...
Unless you have an unusual commission agreement that gives you a security interest, you will need to first sue and obtain a judgment against the landlord and then you can begin collecting on the judgment. I would recommend you first have an attorney send a demand letter to the landlord and see if they will discuss payment.See question
I have recently entered into a lease with an apartment complex. I will give a little back story. I signed a lease for apartment 1, we shall say. They day of move in they tell me apartment has roaches so we cant move into it, but can move into a di...
With a few exceptions I don't see in your posting, the situation will be controlled by the terms of the lease agreement in place. No, you do not have the right to terminate the lease based on the multiple leases. But they can only properly charge you a fee that is set forth in the lease.See question
Saying i have to close my company?
If your question is whether you have to close your business it depends on the facts of the situation. Take the letter to your business attorney to review and discuss the relevant facts. You will not get an answer from a general Q&A website.See question
I entered into a Distributor Agreement with a company based in Missouri (LLC) with a $20K deposit. This was initially for inventory and refundable per contract if no significant sale occurs in 12 months. We will be at the 12 month mark next mont...
Unless the agreement dictates otherwise (and such provision(s) are enforceable), you likely would have to sue them in Missouri. Have a local attorney review the agreement and advise as to where and whether to sue can be complicated. Plus, often a well written demand can get results die relatively low cost.See question