If money was used for a LLC by the owner prior to obtaining legal status(i.e. EIN / Cert. Fr The State, is it a capital contrib?
It could be a capital contribution. It may also be a deductible business expense. Review this with a good tax lawyer.
Cherry Hill, NJ
Tax Lawyer at Cherry Hill, NJ
Practice Areas: Tax, Estate Planning ... +5 more
It could be a capital contribution. It may also be a deductible business expense. Review this with a good tax lawyer.
This is actually a complicated issue and is very fact sensitive. For example, selling on EBay does not necessarily make you liable for Sales Tax...
Actually, if you file joint returns with your spouse, and you income is above or near the as limit, you would be better off NOT giving payroll to...
No, typically your attorney would create a separate LLC that is either a subsidiary pass-through or owned directly by the holding company's...
Usually, a LLC is the best entity for a tax preparation business. The fellow owner and you would receive distributions on a K-1 from your 1065. If...
A Limited Liability Company seems most appropriate. You can have your lawyer draft a good operating agreement that establishes control and business...
LLCs are Limite Liability COMPANIES, not corporations. You should send all non-corporations 1099's so there is no issue.
Frankly, this is a complex matter that will never be properly done by a "low cost" website or attorney. You need to have a budget for legal help, a...
You need a good tax attorney familiar with non-profit companies. You probably will not convert your business into a not-for-profit, but would most...
Absolutely! You can do it online (if you have the sign-in information) or by paper.