I currently own an LLC. I'm starting a new brand. Should I create a whole new company or just file a DBA to house the new one?

You have basically answered your own question. There are problems with the current LLC, so why entangle the new brand? I hope you have engaged a...

I'm retired. I owe the IRS for past taxes. The IRS cancelled the payment plan I had claiming I missed payments. That's not true.

You need a good tax lawyer. if you qualify, you may be able to get an Offer in Compromise or new Installment Agreement. Also, Bankruptcy may be an...

What are the benefits of a holding company for small businesses?

I usually like to have separate LLCs for the store and rental properties. These LLCs can be owned individually or through a holding company....

Yes, the parent LLC can be the managing member. Nevertheless, there must be a person to sign documents. Usually, the parent LLC appoints one person...

Selected as the best answer

No, but if you are under 18 you would have to have a parent or guardian sign any contracts. Good luck! Ron Cappuccio

Adjusting equity in an LLC - is there a legal document for this?

The Operating Agreement will outline the method for the transfer. Since it is by Unanimous Consent, your tax and business attorney can draft the...

Do i need to pay tax as non US resident?

Yes, unfortunately the entity and you will have to pay US tax. This is quite expensive and you should really get a good tax and business attorney...

LLC Taxation

You will be stuck paying taxes in the States where your stores are located. This is a very fact sensitive situation and you really need a good tax...

First, a sole proprietorship is okay, but you would be wise to have an attorney discuss forming a single member LLC for the farming. Farming is a...

I have a cafe and I want to donate all the leftover food to a shelter and get a tax write off. What are the rules?

Sorry, but you do not get an extra deduction. Since you deducted food, the labor and the other expenses of the business, you do not get any more...