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Hi,
I have my company in India and we are intending to sell our services/products in US. How to setup a branch office in US?
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Answered on July 02, 2014
Thank you for your question. It involves a lot more than the information you provided. I am not sure why you want to be a US entity. Just...
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IRS Audit - Summons to Credit Bureaus. Is it Normal?
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Answered on June 28, 2014
Obtaining a Credit Report is legal but not always done. You did not state whether you are a W-2 employee on cvor business owner. If you own a...
I am an independent contractor. Can a company still pay me on future invoices after receiving an IRS Levy Form 668 A(ICS)..
Ronald's answer
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Answered on June 26, 2014
The levies are continuing until released by the IRS. You did not indicate the amount of tax due, but if it is a relatively small amount you should...
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What kind of attorney do I need?
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Answered on June 25, 2014
You need a good tax and business attorney to help you:
1. Review your business plan
2. Determine the best form of Legal Entity (LLC, ...
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Is it better to register an L.L.C. as a foreign entity, or to relocate it or merge it into a new L.L.C. in a new state?
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Answered on June 24, 2014
There are tax and business consequences. You will need a Plan of Merger, file the correct forms with the IRS, appropriate LLC Resolutions, and...
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In an S Corporation, am I required to pay myself if I have zero income and zero capital?
Ronald's answer
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Answered on June 24, 2014
First, you are correct that an S corporation must pay its officers reasonable salaries. However if the company is not active in not making any...
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Our college alumni special interest group is looking to file application for 501c3 status.
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Answered on June 24, 2014
Nonprofit organization law is much more complex in setting up for-profit business. It sounds like all that was done was obtaining and EIN. Your...
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If I hire a contractor programmer from Australia to help build my US company website, am I subject to backup withholding?
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Answered on June 21, 2014
Since the person is a contractor, he/she is treated as a separate, foreign business providing services to your business. You do not have to...
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What constitutes an Limited Liability Company doing business in Florida?
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Answered on June 21, 2014
The issue is not the bank account. Maintaining a bank account in a State, by itself, does not usually create tax "nexus." However, when you stated...
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Buying a small business, what is a "bulk sale certificate", what is a "no lien letter", and what else do I need?
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Answered on June 20, 2014
When you buy the shaes os stock of a business you get all liabilities of business. you definitely need the help of a good tax and business...