My daughter owns a store with two others. She has her own clothing line sold at the store. The three owners have an unwritten

Even though you are referring to the business as a "Partnership", most likely it is a LLC or Corporation. There may be an Operating Agreement or...

I am forming an LLC and I have heard many people say I should incorporate in DE or Nevada.

Your online business should be treated separately from an actual store. You need to review this with a good tax and business attorney to help you...

Hello. I registered a single-member LLC in Delaware state and now need to obtain EIN to pay taxes.

Frankly, It probably was not a good idea to establish a US entity to do services in other countries. You will subject all of the services to US...

Yes, a US LLC (or corporation) can own an interest in a foreign company. There could be tax and legal issues in the foreign country as well as the...

Tax question If a small business (company) pays advertising expenses of another company

Yes. The money paid on behalf of the service provider is deductible as if it were paid to the service provider directly. I hope this...

Question about creating an LLC

Technically, an attorney should set-up your business. If you want to get an accountant or someone else, no one will stop you. It is not to smart,...

Options for home completely paid off with $15,00 back property taxes unpaid. Home in LINS PENDENS.

"Lis Pendens" means pending litigation. This means the property will be foreclosed. You need to immediately come up with the $14k to pay it off....

If I buy things at yard sales, and sell them for profit on e-bay , do I have to pay income tax on the profits?

Yes. This is ordinary income. You should prepare a spreadsheet of your inventory, cost and selling price. You can then deduct your expenses such as...

If you are buying the clothing and simply adding emblems, monograms, etc., that is not an issue. Also, if you want to tailor them that is not an...

This is a criminal investigation. Nothing you say can help you. Immediately, hire a good tax lawyer. Say nothing without a lawyer. Ron Cappuccio