I just found out my business partner, whose lawyer prepared corporate returns, failed to report $8 million in income.

IMMEDIATELY retain a tax ATTORNEY. Since there may be criminal issues, only an attorney can have privileged communications. This is serious!

How best do I go about setting up an LLC and in which state?

You can have your tax and business lawyer form a LLC in any State for an online only business such as what you propose. Usually, your attorney will...

I'm looking to start an online business I don't understand the registrations on how or how to get my licenses or where?

You can have your tax and business lawyer form a LLC in any State for an online only business such as what you propose. Usually, your attorney will...

How do I determine LLC Ownership?

Multimember LLCs treated as partnerships for tax purposes can have some confusing and intricate tax issues. Depending on how the capital accounts...

How much tax will I have to pay if I get 1099 for my bad credit card debt, total is $45000?

You will get a 1099 C for cancellation of indebtedness income. The $45,000 would be added to your normal income and you would pay tax based upon...

Can I start a resell business selling branded clothing ?

First, the entity that is set up should be a limited liability company or corporation. Usually the LLC is the best choice. I would also suggest...

How should I file tax return for my LLC and my DBA which is under my LLC name?

Presuming you are a single member LLC which is disregarded for federal tax purposes, you would file a 1040 Schedule C with your annual tax return....

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, ...

Can I use Multiple LLCs or Companies to protect different parts of my business?

You are on the right track that you will need multiple LLC is in order to further insulate you from liability rather than as a sole proprietor, but...

If you want some basic protection, I suggest that you engage a good tax and business attorney to form your LLC. It can be a little bit more...