Tax Audit Fee: Can a tax attorney charge a fee contingent to the settlement he gets with the IRS?

The IRS has changed Circular 230 so technically it's possible. Frankly, all tax lawyers I know charge hourly because this is the fairest to the...

Is LLC right for my company?

you have two issues: the first issue is should you be an LLC or sole proprietorship. That answer is easy. You have nothing to lose by being an LLC,...

I have handled many IRS business audits. In their initial Information Document Request, the Revenue Agent will ask for bank statements. This is...

Which is better to have a LLC or sole proprietorship keep presonal away from buisness

A sole proprietorship does not offer you any protection from liability. A limited liability company offers you some basic protection from...

As a painter, you will always have some liability for your personal actions. (for example, if you violate copyright.) The LLC would be good if you...

I believe that I will need a tax attorney to resolve some outstanding issues with the IRS. How do I choose the right one?

Attorneys are very specialized even though as a profession we are not allowed to state that we are specialized. In fact, tax attorneys are quite...

What is the best way to establish a holding LLC if I already own an operating LLC?

You should have a tax and business lawyer establish a new LLC. This LLC would exchange the membership interest in your consulting LLC for the...

What do I need in order to start my own company and produce adult content (including porn) in NJ?

This is not a "forms" issue. You need to retain a good tax and business attorney to help you choose the best location and type of entity. You did...

What do I need to do as a Sole Proprietor?

First, a limited liability company is not a corporation. Usually, for solo proprietors, it is treated as disregarded entity for tax purposes and...

I'm have an LLC and want to invest money personal money in it. Will my LLC get taxed? How do we justify this during tax season?

An investment is different than a gift. Even though you may receive a gift from the trust, depending upon the terms of the trust this may or may...