Primary home-sale profit exclusion on s-corp or llc sale

Renting the home and conveying it to an affiliated entity will endanger the primary home exclusion from capital gain. You should consult with an...

My partner and I own a corporation in California and we decided to part ways. How do we remove her ownership?

You should document the authorization and issuance of the shares, after which the corporation could redeem or repurchase the shares from your...

CO-OP

If the By-Laws and other organizational documents do not address such topics as removal of directors and filling vacancies in the Board, and if...

Would sex between a 16 and 13 year old in Ohio be considered legal?

Just a guess, but the project probably was intended for you to develop research skills, as well as presentation skills. Asking others for the...

What kind of letter would you send to a former employee that is still accessing work emails and is not given up admin rights?

You should send her a cease and desist letter and contact the service provider with evidence of her separation from the company so as to seize...

Successor liability question? Is there such thing as a " de facto consolidation " like there is for “de facto merger?

This appears to be the latest in a series of questions concerning successor liability, presented as an intellectual exercise. If you have an...

Which schedule I need to file C or E?

If you provided significant services to the renter, such as maid service, or had income and expenses from rentals of real estate you held for sale...

I am going through a short sale. Can the creditors (1st & 2nd mortgage) go after LLCs In which I am a member?

One of the benefits of conducting business through an LLC in many States, is to limit the impact of an individual member's personal judgments on...

I agree with my colleagues that separate LLCs is the smart choice. A DBA is not an entity, just a notice that your LLC conducts business under...

I agree with Mr. Sims that primarily this is an issue of the terms and structure of the existing plan. The structure of inserting a corporation...