Can I create a LLC in California to be my trustee of only my family trusts (like a Wyoming Private Family Trust Company) ?
James's answer
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Answered on April 10, 2018
Generally, an LLC can be authorized to conduct one or more businesses, other than those for which a separate license is required. Your question is...
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I’m a member in an LLC and haven’t gotten any tax docs for revenue from the company.
James's answer
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Answered on April 10, 2018
You are entitled to applicable tax information (Schedule K-1 if it is classified as a partnership for income tax purposes), typically under both...
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Can the President of HOA own majority of properties.
James's answer
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Answered on April 10, 2018
You should consult with a Corporate Attorney who is familiar with applicable KS statutes and regulations, including Nonprofit Corporation Statutes,...
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Could a veteran go from 100 percent UI to 100 percent disabled and go to work?
James's answer
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Answered on April 10, 2018
You should consult with an experienced Disability, Veterans, or Employee Benefits Attorney to explore the options available to your friend.
Do all LLC board members have to unanimously agree in order to sell the business?
James's answer
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Answered on April 09, 2018
The organizational documents of the LLC (the articles of organization and the operating agreement) will dictate the approval requirement for sale...
A guaranty for a corporate loan binds heirs? does the heir inheriting all the shares in the company also become guarantor?
James's answer
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Answered on April 09, 2018
The guarantee will be an obligation of the estate of the deceased business owner and, to the extent any of his or his company's assets secure the...
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Do I have to file quarterly Estimated Taxes, if my LLC makes no money?
James's answer
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Answered on April 09, 2018
Unless you adopt a different classification, your LLC will be treated as a "disregarded entity" for income tax purposes. So, whether you are...
My LLC is forfeited. Do I have to touch it or leave it as is and create another LLC?
James's answer
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Answered on April 09, 2018
You should consult with an experienced Business Attorney to assess the cost and time requirements to reinstate your LLC (assuming that is available...
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When an llc was dissolved on property owned by my sister and I ....
James's answer
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Answered on April 09, 2018
Your question is very broad and your facts are limited, so it is difficult to provide a helpful response. It is not clear why you transfer the...
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Self-Employment or Capital Gain?
James's answer
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Answered on April 09, 2018
It is likely that the short-swing profit from the sale of inventory would be subject to self-employment tax because it would not have been held...