Todd William Sivia's Answers

Todd William Sivia
Edwardsville Business Attorney.
Contributor Level 5

2

Attorney answers:

  1. Todd William Sivia
  2. Barry Benjamin Kreisler

I need some more help on my fathers will

Asked by a user in Decatur, IL - over 3 years ago.

In Illinis the rules for probate is the estate, or value of the estate, is over 100,000 or the decendent owned real estate at the time of his death. You as a beneficiary and your father's son have the right to ask to probate the will, if you are above the two requirements. If the estate does meet the requirements, then you need to contact an attorney because you have a lot of issues that needs to be sorted out. If you are confused describing it, it is hard for us to assist you to answer your...

1

Attorney answers:

  1. Todd William Sivia

Landlord entering the home

Asked by a user in Darien, IL - over 3 years ago.

The answer to your question is it depends. You must refer to the lease agreement that you have with your landlord. If there is no provision in your lease that discusses when the landlord can enter the home, then they must provide you with reasonable notice and for a a reasonable purpose (such as changing the air filter or doing maintenance). Most jurisdictions believe that reasonable notice is 24 hours, but will range between different counties and different judges. Notice should be posted...

1

Attorney answers:

  1. Todd William Sivia

I'M in Indiana, if I form a LLC can I switch it over to a S-Corp at any time?

Asked by a user in Nashville, IN - about 3 years ago.

The simple answer to your question is yes. You can switch a LLC to be taxed as a S-Corporation at any time. What you are asking is a tax question. An LLC is typically, if you do nothing, is taxed as a disregarded entity. You can elect to be taxed as a S-Corporation in the future. However, be careful because it is not a simple process. There are different tax laws that affect the transfer from Sole-proprietor to an S-Corporation and also running a S-Corporation.