Please hire a real estate lawyer to prepare the contract. It sounds like the buyer is a beginner. Ron Cappuccio

Yes, it is possible. There are several questions that need to be addressed. First, do you and your wife file a joint income tax return? If so, the...

I have a small business and I want to ask a friend to help me with getting clients, what percentage should I pay him ?

First, if you are licensed or regulated, it may not be legally permitted to pay a referral fee unless your friend is licensed. I suggest you check...

Business LLC and personal guaranty and asset protection how do these exist together?

Unfortunately, it sounds like you did not seek legal advice BEFORE you signed the guarantee. The LLC does not protect you for the Guarantees that...

I want to start online business do I need to have business licence ?

You did not state what type of items are being sold. First, you should have your tax and business lawyer set-up a Limited Liability Company....

My fictitious name is registered with LLC at the end. I now have a EIN without LLC at the end. Do I need to change my fic name?

You need the advice of a tax and business lawyer right away. First, you need to make sure the LLC is properly established. Second, your insurance...

The best solution is to have your tax and business attorney draft an agreement transferring the interest. The LLC will have to file a 1065 US...

As a officer of a S corporation what debts are I responsible for as far as bank loans, sales tax , payroll tax.

You are definitely responsible for unpaid payroll taxes. These are referred to as Civil Penalties or Trust Fund Penalties. You will also be...

I made $35,000 in income and $20,000 in social security. How much can I transfer from my traditional IRA to my Roth?

It is a shame you have waited until the end of the year. If you are on social security, you have to consider your life expectancy in considering a...

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My friend and I want to create an LLC - I live in Washington State and he lives in California; which state do we register in?

Do not choose California because of the high LLC registration and annual fees. You should contact a tax and business attorney to discuss the best...