Year end taxes I'm 49% partner , I was fired by 51% father- partner/owner- , type S company What are my responsibilities

The simple answer is yes. Yes you have to still pay taxes even if you were fired as an employee of the company by the majority owner. A business...

Selected as the best answer

Reviewing terms of use and disclaimer

This is not really a question so don't have an answer. I will say that your only hope to pay $100 is to find an attorney who will give you a...

Who is the manager, member of an LLC when 1 LLC owns the other LLC ?

Limited liability companies (LLC) are essentially considered a person for legal things. So an LLC can be the sole owner of another LLC. It seems...

Selected as the best answer

A business loan was taken out for building lots before the economy turned. With the housing market being depressed the lots

There is no way to just make this loan disappear on your own. You need to negotiate with the person/bank that gave you the loan. You mention it...

What business type should I use when opening a business?

One big piece of advice... never ever form a general partnership. It makes you PERSONALLY liable for all the debts and liabilities that arise from...

Am I liable for my partner's personal liabilities?

You are not responsible for the personal liabilities of your former partner. End of story. But it would definitely help you to have some kind of...

My business partner has decided to walk away from our bar & grill.

Since there is no partnership agreement, how this situation must be handled is based of the laws of your state and case law. Generally speaking...

Company using the same name as me?

To make a long story short, if you have been using the trademark before this mobile app company, you will be able to sue them for trademark...

Selected as the best answer

How do I obtain a license for using other's Intellectual Property? Alternately, do I need one?

If you are going to copy someone's artistic work, even for just one time, you need to get their permission first. If they give permission, then...