What do I need to do to make this business legal i.e health inspectors, licenses, insurance? Should I form an llc or corporation

First you should have your attorney set-up a LLC for your business. You will also need insurance. Because there are local issues, you should retain...

What do I do? Isn't what she did illegal though?

Frankly, your coworker sounds like a real trouble causer and I would suggest that you avoid getting involved in this. Your boss was right. I...

No, this means that the property is free and clear of that particular mortgage. A mortgage is an interest in property not a debt. The mortgage note...

Capital Gain

Since this is not earned income, it is not subject to an IRA contribution. On the other hand it appears that your brother has less than $20,000 of...

Will I be responsible by law to give her that money back

I suggest that you speak with the family law attorney that is handling your matter. How did she get your checking account number to put on the tax...

Do I need to add my spouse's signature and tax ID number in the petition or should I just sign my name?

Since the notice of deficiency is in your name, your wife would not be an additional party. Frankly I am concerned that you are attempting to...

Would Convertible Note be possible in this case of a foreign contractor? What are the problems you're foreseeing?

You are making a big mistake by not having your LLC operating agreement prepared by knowledgeable counsel. LLCs can be extremely flexible and you...

How does paying taxes work with an LLC? May I use the money on new business expenses as a way to avoid paying taxes?

If you have your single member LLC treated as a disregarded entity for tax purposes, and you set-up another LLC that is also disregarded, the...

What is the tax liability for a home sold after receiving from a life estate?

It depends on how the transaction was structured. The actual deed, will, trust, and other documents need to be reviewed. If it was determined to be...

What are my rights & remedies against a 49% owner with no financial investment in a new startup business??

Did you have a good lawyer form your business? If so, you probably have an Operating Agreement or Buy-Sell Agreement. That will define the rights...