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I am a member of an LLC established in New Jersey. What is the tax consequence of not filing the LLC tax return?
Ronald's answer
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Answered on January 10, 2015
The LLC must file a 1065 -US Partnership return. Why not call the LLC's accountant and see if the accountant can work out the difficulty so the...
Archived
What is LLC tax for non-resident foreign partner?
Ronald's answer
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Answered on January 10, 2015
If the LLC is treated as a Partnership for tax purposes, each member will get a K-1 when the US Partnership Return - 1065 is filed. The members...
Archived
Hello, We need a NJ corporate lawyer to write up a release & non compete agreement ASAP. May you help us?
Ronald's answer
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Answered on January 10, 2015
It is great you have an outline of what you want. I also presume that all of the members consent and that your lawyer prepared your Operating...
Archived
Do I register my modeling agency now or later?
Ronald's answer
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Answered on January 09, 2015
First, you should have a limited liability entity such as a LLC or Corporation. Please retain a good tax and business lawyer to help you with your...
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Can you recommend a free lawyer for me --I'm an author an have written a book that has been on the market for eight years.
Ronald's answer
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Answered on January 09, 2015
I do not know of a free lawyer. But, the Monmouth COunty Bar Association has a Lawyer Referral Service. Your initial conference would be very...
I can't find a copy of my LLC operating agreement. Where can I get a copy?
Ronald's answer
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Answered on January 09, 2015
If it is a single member LLC, you can simply have your attorney make a new Operating Agreement. If it is multi-member, you will need all members to...
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We are three partners who opened LLC in NJ ?
Ronald's answer
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Answered on January 09, 2015
Citizenship is not a requirement for owning a LLC. Second, the LLC is the best option because not US citizens/residents cannot be owners. Third, if...
Archived
Pros and Cons of joint filing tax return? 1040.
Ronald's answer
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Answered on January 09, 2015
Have your tax preparer do the return both ways - Separately and Jointly. If no taxes are due, Jointly will probably be better.
I hope this...
Archived
Is this normal IRS agent behavior? What can I do?
Ronald's answer
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Answered on January 08, 2015
It all depends on the Revenue Officer. it sounds like this one has the "cop" mentality. Please, immediately hire a good tax lawyer. You have lost...
Archived
In the event there is a disagreement on business actions who gets to determine the outcome?
Ronald's answer
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Answered on January 07, 2015
Please do yourself a favor and retain a good tax and business attorney to prepare the Operating Agreement for your LLC. The issues are complex and...