No, according to the IRS the “responsible party” is the person who ultimately owns or controls the entity or who exercises ultimate effective...

Despite the fact that your parents are transferring stock to you, the S-Corp election will not be affected. The S-Corp election inures to the...

Yes, you will likely need to file an Application for Authority in New York to operate your business in the jurisdiction.

It would be helpful if you responded what you mean by what you are saying about the company not expressing an opinion. Typically, companies, either...

How do I close an LLC?

You will need to refer to your operating agreement to determine which members will need to consent to the dissolution and wind up the affairs of...

Don't skip it - just don't use the special characters on the IRS EIN website.

Hello, This application allows you to use one DBA (or Assumed Name). You will have to file a separate Assumed Name application for any other...

Hello, By virtue of 15 years having passed, that provision would very likely not be enforceable against you.

Hi, I would advise that you reference your non-profit's charter documents and/or bylaws to see if telephonic meetings are permissible. Hope that...

New York LLCs are not required to pay federal or state income tax. However, LLCs must pay filing fees in accordance with their gross income. You...