Archived
Can the majority owner of an NJ LLC resign/sell ownership over to the minority?
Ronald's answer
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Answered on March 25, 2014
The best thing is for you and your fellow LLC member to agree on a sale of your membership interest. This can have some tax implications as well as...
Archived
Is starting an LLC in a different state going to give me issues if I want to make a nationwide online business?
Ronald's answer
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Answered on March 25, 2014
I am not sure exactly what kind of business you are operating. But since you state you are "selling information" I presume it is some type of...
Archived
I retired and dissolved my CA corporation several years ago, but now need to conduct small amount of business.
Ronald's answer
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Answered on March 24, 2014
Obviously, a LLC would be your best solution. It would be treated as a disregarded entity for tax purposes and still offer a first line of...
Archived
I OWN 50% OF A LLC WITH NO OPERATING AGREEMENT, PERSONAL NAMES ARE ON LEASE. CAN I JUST GIVE HER HALF OF BILL $ MONTHLY?
Ronald's answer
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Answered on March 24, 2014
Mr. Brinkmeir is correct. Unfortunately, almost every multimember LLC that is set up by the individuals without an attorney is not set up...
Archived
Shouldn't the IRS cancel its tax liens now that I'm in Currently Not Collectible status on the debts?
Ronald's answer
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Answered on March 23, 2014
Currently Not Collectible is a temporary status. That means the IRS will review this in 2 years. Therefore, it would not be in your best interest...
Archived
How can a non- US national established a business in the USA distributing language books to be exported to USA? Any visa needed?
Ronald's answer
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Answered on March 23, 2014
There is no requirement to be a citizen or resident to form a business in the US. Most small businesses are Limited Liability Companies. Although,...
Archived
As a benificary I received a cash payout of an IRA. Is there any other way to report on taxes other then adjusted gross income?
Ronald's answer
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Answered on March 23, 2014
The payment is income. It may be possible to have it rolled-over. Please see a good tax and estate lawyer IMMEDIATELY!
Congratulations on your...
Archived
Do I need to pay tax if I give my bro in law $60000 as gift so that he can start up a business and apply for E2 visa?
Ronald's answer
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Answered on March 23, 2014
Most likely no tax is due. You should have a good tax and estate attorney review this and prepare the gift tax return.
Sounds like your being a...
Archived
Worked in AZ for 3 months. Moved to CA, got married. Do I need to file married filing jointly if my husband never worked in AZ?
Ronald's answer
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Answered on March 23, 2014
You can file Married Filing Separately. You should go to a professional tax preparer and have the tax returns prepared separately and jointly to...
Archived
Can a foreign citizen with no legal right to work in US be included as shareholder in a Florida LLC?
Ronald's answer
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Answered on March 23, 2014
First, you do not have to be a US citizen or resident to be a member of a Limited Liability Company. Your friend can make an investment and become...
