Archived
My real estate business stock holder at 49% transfered all real estate properties to his shadow companies without majority rule
Ronald's answer
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Answered on February 18, 2015
Please retain a local business litigation lawyer to immediately review this matter.
Good luck!
Ron Cappuccio
P.S. I have changed this to...
Archived
LLC taxed as partnership W-9 - Use one name or split between members?
Ronald's answer
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Answered on February 18, 2015
The W-9 is for the LLC as an ENTITY not the individual members. You would put the LLC EIN in the W-9. The splitting of any profit would be...
I received a CP53C notice from the IRS today what is this and what is being reviewed
Ronald's answer
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Answered on February 17, 2015
The IRS has an explanation:
http://www.irs.gov/Individuals/Understanding-Your-CP53C-Notice
Unfortunately, this can take 8 to 10 weeks to...
Archived
Can you own a business without having to be part of an LLC or corporation?
Ronald's answer
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Answered on February 17, 2015
It is perfectly legal to operate as a sole proprietor. You could register a Federal Tax ID number and get a State Sales Tax Certificate....
Archived
Can an LLC be bought out, by another LLC (shell) of original members to eliminate one member? Can the price be low-balled?
Ronald's answer
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Answered on February 16, 2015
This looks like a business "squeeze out." Unfortunately, the only way to deal with this is to retain a good local business attorney. The other...
Archived
Am I able to file a law suit?
Ronald's answer
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Answered on February 16, 2015
Go someplace else! There are many other choices. Use them.
Good luck!
Archived
What are the first steps in forming a non-profit? Is there a cost range you can provide?
Ronald's answer
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Answered on February 15, 2015
First, you should retain a tax lawyer with experience forming not for profit organizations. Although the State filing is not difficult, the actual...
Archived
Addressing co-mingling of personal and corporate expenses
Ronald's answer
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Answered on February 15, 2015
Truthfully, it is not a big deal. Just record all of the personal transactions and list them in Quick Books as "owner's capital draw." In the...
Archived
Can I receive taxes paid in from winnings at casino while on disability
Ronald's answer
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Answered on February 15, 2015
You need to file tax returns. You should get a refund depending upon your other income.
Good luck!
Operating a 501(c)(3) non-profit from my home.
Ronald's answer
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Answered on February 15, 2015
First, the rent and fees would be taxable income. Secondly, this type of self-dealing can cause problems with the IRS. You will need to have the...