If an LLC company is having IRS problems and I signed payroll checks am I also liable?

Yes, you will definitely have liability under Internal Revenue Code section 6672 "civil penalty". Because you are check signer the IRS will argue...

Sub Chapter S Corporation VS LLC

The LLC has more flexibility in the types of ownership and is easier to operate than a corporation. That is why it is usually the correct answer....

How to add a LLC entity as general partner in a LP/LLP?

The new LLC should be a pass through entity for tax purposes so it does not have an adverse tax change. The LP agreement neefs to be reviewed for...

The best location choice requires all of the facts and some tax and legal thought. Since the LLC is a pass throuhgh entity, you will pay State...

Does S Corporation status provide personal protection for a 100% shareholder?

Anyone can sue, but the corporation will give a layer of protection for you. This is truly a "facts and circumstances" situation.

Yes, you are stuck paying the tax. Even if President Trump is successful in repealung obamacare, you will have to pay the tax.

Most likely, a limited liability company would be the best choice. The LLC is valid in the state of its formation. If you conduct events in...

How do I transfer a tax id number to another person

Your question is not really clear. Did you inherit the assets or the Corporation? If you inherited the Corporation stock then if you continue to...

This is a tough factual issue. The fact that it was not contemporaneous certainly lends credence to the transaction as being gifts. But if you gave...

May foreign LLC in Colorado use its employee's address as a legal address?

Yes, the employee could be your registered agent and the employee's home could be the registered office. Nevertheless, I would suggest that you...