The best choice for a single member real estate investment company is to be a limited liability company. The S Corp is not appropriate in this...

Attorneys typically escrow the deposit for a business sale unless real estate is involved. Then a title company is used. Good luck! Ron...

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Can I get arrested for not returning a call?

This is a scam!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Do not call them!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Really!

I am trying to start and LLC and dont know which state to file in?

I presume this is a separate business from your employment. If it involves real estate, the LLC should be authorized in the State where the...

Who does an Estate pay first? The IRS or credit cards? The Estate has no cash?

Usually, taxes are first. If the estate has assets, they should be liquidated to pay creditors. If there are no assets, then the estate can file...

What is the best corporation or designation to open a pharmacy between 3 individuals if one is a silent partner?

Probably a multimember LLC with 2 classes of membership interest. Usually, the packers will demand personal guarantees. You need experienced tax...

I am 85 do I still pay income tax

Yes, all adults should file a tax return every year. If you do not file a tax return, there is no limitation on the IRS auditing you for that...

I'm a co-founder of a business that WAS 100% owned by the lead partner.

You do not have to file for a new EIN or change in name. When you file your 1040, you will have a Schedule C for the LLC which will list the EIN....

Should i go LLC or S - Corp?

You do not say what you're going to invest to but I presume it is real estate. In that case, setting up an LLC that is a disregarded entity for tax...

How do I deal with an IRS tax lien levied against my ex husband for his work bonuses in a joint filing during marital years?

It sounds like your past the two-year period for filing an "innocent spouse" claim. Nevertheless there may be various forms of relief from the IRS....