Does my place of business need to be registered as an LLC in the state where I do business from?

The problem with forming an LLC in another state than where you are actually doing the business is you will have to pay taxes and the other state...

Is a 50l (c) 3 adaquate to pay clergy, provide health insurance, and raise money to fund our activities.

Just because your entity is nonprofit does not mean that there is not personal liability for the actions taken by the members. The reason why you...

I formed LLC company, and have two commercial properties in the LLC . Originally we formed it for our protectin

Generally, LLCs are good for asset protection purposes. Adding another property into your existing properties, as well is what seems to be some...

Can I get a State ID number without going through an accountant or company that sells business set up packages?

You can do it yourself or have a good tax and business attorney do it right. Don't waste your money with an online site. If you don't want to have...

I plan to offer flyer distribution to my local city (w/ part time help). Do I need liability insurance to cover my workers?

These sound like employees and you would need Worker's Compensation insurance and a Business Owner's Policy. If they are independent contractors,...

If I get married an apply for an offer in compromise on old debt do my husband's assets count?

The IRS will look at both your income and your husband's income in considering the household expenses. That means you will be able, according to...

Selected as the best answer

Buying a existing business

Because this is a sale of the business assets does not mean that you will not have liability for state and federal taxes. Most states require that...

THIS IS A SCAM! It is a variant of the classic "Nigerian Scam." Tell you friend to terminate all contact with the scammer immediately!

Installed an LLC in January 1, 2015, can I file the 8832 form and then prepare an 1120 Corporation return for 2015 on 2016?

I am concerned you are making a big mistake. Filing as a C corporation for a closely held LLC is usually the worst tax and business choice. You...

Is the EIN number all I need to run a business?

Technically, a sole proprietor can obtain an EIN and operate a business. You are in concert promotion which can have high liability. You definitely...