What's the best state for setting up an LLC if we live in MD but will provide services in multiple states?

Since this is a muti-State operation, you may need more than one LLC. Your holding company could be set-up in DE, but if you open a storefront is a...

You should absolutely consider two separate LLCs. First, you will operate different locations. Secondly, the businesses will be operated...

I receive 1099 from my client, so why is my client asking for W9s from my sub-contractors?

It is not unusual for a company to request W9 to prove the type of entity and the EI and of the entity. If you are the contractor, and the company...

Yes, you are able to own and start a business. There may be some issues in various states with obtaining licenses, and I suggest that you check...

How much do I need to owe the IRS to make them an offer in compromise?

The IRS does not have a minimum amount for an offer in compromise. Nevertheless, $10,000 is such a small amount of money for an offer in compromise...

From a tax perspective, does it make a difference where the HQ of an international firm is?

Yes, the location of your actual business can significantly impact state and federal taxes in the US and taxes and other countries. This is a very...

What is the most economical way regarding taxes and time to receive an house as a gift from a family member?

Your aunt can simply have a quitclaim deed and you can continue paying the mortgage. This might cause the mortgage company to want to collect the...

Can I own a 'Online' business, which includes buying and selling online on Ebay or Amazon?

You might consider having a good tax and business lawyer set up a limited liability company for you. The LLC could then have an account and the...

My question is regarding receiving money from an insurance settlement. Does a person pay any type of taxes on a settlement?

If the money you are receiving is for personal injury an actual physical injury, then it typically would be excluded from income. It might be...

You did not state whether your company is simply a sole proprietorship or a limited liability company. If it is an LLC, you would be able to...