You should definitely have the extra protection of a LLC in addition to the umbrella policy. If your business is licensed or a professional...

I am self employed and have not payed taxes for 10 yrs,what are my options ?

Do not speak to anyone about this including an accountant or tax preparer. You should definitely meet with a tax lawyer. Lawyers have...

WRONG NJ BUSINESS CERTICATE OF AUTHORITY

First, I agree that you would have been much wiser having a tax and business attorney structure your business. Hopefully, you set it up as a...

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When a loan is given to an LLC by a partner does partner become 50% profit share automatically?

Generally, a loan is treated differently than a capital contribution. You should discuss this with your tax attorney. Your Operating Agreement...

Forming LLC

Do you and your friend share underwear? How about your toothbrush? Please get a good tax and business lawyer to set up your business the right...

LLC, EIN, bank accounts and changing ownership

You have demonstrated the problem with attempting to "do-it-yourself" when forming a business, The LLC should have been established with your...

Do I need a business attorney specifically in Tennessee for a opening business?

As a tax and business attorney, I have represented clients establishing locations throughout the US (and multi-national ventures.) It is best to...

It depends whether your LLC is a disregarded entity for tax purposes. If so, you as the Member, will file a Schedule C on your 1040. This is the...

It depends whether your LLC is a disregarded entity for tax purposes. If so, you as the Member, will file a Schedule C on your 1040. This is the...

I have a church who is a non profit. Organization (501c) that is donating to me several million dollars.

Frankly, this seems like a potentially fraudulent transaction. Please engage a tax lawyer to help you before you do anything with this transaction.