Archived
I know it's not typical, but can an LLC owner give a personal guaranty to an investor to return his/her original investment?
Ronald's answer
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Answered on November 19, 2014
Yes, personal guaranties are normal for closely held LLCs. Check with your tax and business attorney to review this and prepare the proper...
Archived
Over-payment of real estate taxes due to erroneously high appraisal value. Overpayment of 5 figures.
Ronald's answer
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Answered on November 19, 2014
You need to hire a local tax attorney that deals with municipal tax appeals. Each State has a different system.
I would search Avvo for a tax...
Archived
Looking for a tax attorney
Ronald's answer
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Answered on November 19, 2014
You are on the right track. Your tax attorney can make sure your husband has the right business organization and help set up things right to get...
Archived
My LLC has several members. One of them needs to go. How do we go about "firing" a member?
Ronald's answer
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Answered on November 19, 2014
You need a good tax and business lawyer to review the Operating Agreement. If you do not have an Operating Agreement it could be a problem.
Get...
How may I report the landlord's tax evasion on the basement rental and can he sue me for whistle blowing and reporting him? Is
Ronald's answer
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Answered on November 19, 2014
This is a waste of time. Move on!
Ron Cappuccio
Archived
Quick tax advice for Asset Purchase? BUYER is Delaware LLC and target company (SELLER) is a NY Corp (we think S-Corp)
Ronald's answer
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Answered on November 18, 2014
First, this is very fact specific and you need a good tax and business attorney to prepare the agreement and acquisition plan. Most likely the...
Archived
My folks are in 90's & they own 2 second homes. How much tax will they have to pay if they sell one of the homes?
Ronald's answer
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Answered on November 18, 2014
it depends on what their tax basis is in the property. Rather than selling the property you might consider trying to borrow on the property so they...
Archived
The owner of the company that did my taxes was arrested for tax fraud. Should I be concerned?
Ronald's answer
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Answered on November 17, 2014
Please get a good CPA to review your return. You should be suspicious.
Don't wait.
Ron Cappuccio
Archived
Do I need the approval of the other members in my LLC for the sale of my interest of the LLC?
Ronald's answer
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Answered on November 17, 2014
Unfortunately, your Operating Agreement is missing an important section. You will need to retain a good tax and business lawyer to make the...
Archived
I have a LLC with my 2 brothers and my son, 4 partners with 25% each. I want to sell my share to my son so that he will own 50%
Ronald's answer
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Answered on November 17, 2014
It all depends upon the terms of the operating agreement. If you do not have an Operating Agreement, you will need to obtain the help of a good tax...
