What is the difference between a l.l.c , a corporation, and a S type corporation

Both S corps and LLCs have only one level of taxation - meaning they are only taxed on the member's individual tax returns. The corp is taxed on...

Getting out of apartment lease without consequences in the first 2 weeks?

A lease in Massachusetts is valid upon signing. As stated above, there is no 30 day grace period. Also at this point, the realtor's job is done -...

If a person passes away and they have money in bank and are behind in mortgage can the bank pull money out of there bank account

The bank has recourse against the property not any othr assets of the borrower. The bank can foreclose. It sounds like the executor of the estate...

I opened C corp opened in 2011,it exists in name only.no income no expenses. closing in 2013.do I pay CA $800 franchise tax.?

I think what they mean is that the corporation is responsible AND since it has no money the tax simply will not get paid.

How do i operate or register a business in New York City without a physical address or presence?

You have to register as a foreign company doing business in the state. As Mark said, you will need to have someone physically in the state for...

If you have a business tax identification name and number but never started the business should you have been filing tax reports

Paul is right that the easiest and cleanest thing to do is to start fresh, however, since you did not have any income you should not have a...

Mass law does not have this provison - lease is binding upon signing. You could try asking the landlord to let you out - he may prefer letting a...

For Doing Business As, can I use my last name and add properties without filing fictitious business name in Pa?

Your plan does not protect you from liability as the others have said, so why then bother with the business name at all - just rent it out as the...

What are the steps to take when no will left behind?

HI I disagree a bit with the previous poster. Through intestate succession (how property is inherited without a will). The surviving spouse gets...

Proof of insurance a law? arrested or ticket if not have on you? if law, what year did it come into effect? all states require

Proof of insurance is not required in Mass, as stated above no such document is generally provided by insurance companies. it is assumed you have...