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Edward G Price

Edward Price’s Answers

5 total

  • I plan on setting up an LLC today which is March 7, 2017. When will I need to do my taxes?

    Edward’s Answer

    You're going to want to spend some time with an accountant to walk you through your filing obligations. It sounds like you're referring to the filing of your quarterly withholding taxes for self employment purposes. These can easily be confused with the annual corporate or personal filing obligations for first time LLC owners. Best of luck with your new business.

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  • How do I draft the articles of amendment?

    Edward’s Answer

    Your answer depends on what provision of the charter that you are amending - whether it's a change to the address of the principal office or the number of directors.

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  • My now 18 yr old daughter was arrested as aminor now charged an held on adult charges with no bond does she get to see comissone

    Edward’s Answer

    I think that you'll have better luck asking this question in the criminal defense section.

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  • On Schedule E, for a rental property, how do I deduct the cost of drilling wells (for water) that were never used.

    Edward’s Answer

    You will definitely want to save the invoices and payment receipts for this expense, and provide them to your accountant this tax season. He/she will be able to review them and let you know whether or not the expense is deductible.

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  • Can I have a Maryland LLC with a principal office address at a Virtual Office space?

    Edward’s Answer

    Maryland law requires each LLC to have a principal office in the State of Maryland, which must be a physical address (not a P.O. Box). If your virtual office service provides you with a physical address, then SDAT would deem it to be acceptable.

    You'll also need a Maryland resident agent to accept service of process and official papers on behalf of the LLC. There are several commercial services and attorneys that provide this service to their customers/client at nominal annual costs.

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