Archived
I have an LLC and a INC company, it has been administratively dissolved and status inactive, how do i clear it out?
James's answer
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Answered on June 30, 2016
If the company has been administratively dissolved, its existence has been terminated. However, that is not the same as a liquidating it of any...
When using the phrase "successor in interest," what does a plaintiff mean exactly? Are there various interpretations?
James's answer
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Answered on June 29, 2016
It means the debt collector has acquired the rights of the original creditor and is pursuing the collection rights of that creditor.
Archived
Easement held by corporation that is now expired - who holds the easement now?
James's answer
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Answered on June 29, 2016
You need to consult with a Real Estate Attorney and, possibly, a Corporate Attorney. The easement might be a corporate asset available for...
Archived
Can a California LLC that has elected S Corp tax treatment own shares of a domestic C corp or of a foreign entity?
James's answer
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Answered on June 29, 2016
An S corp cannot have shareholders who are corporations or non-U.S> citizens/residents; however, an S corp can be a shareholder of a C corp with...
Archived
Is a business-related meal between two owners of a California LLC tax deductible?
James's answer
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Answered on June 29, 2016
It would be deductible by the LLC as a valid business expense and the deduction would be passed through to its members.
Archived
How can I change from a registered Sole Proprietor to a Single Member LLC with a (dba)?
James's answer
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Answered on June 29, 2016
You can place your business into an LLC named as you propose (assuming the name is available) and you can file a dba if you wish the LLC to do...
Archived
What chapter should I use to file business bankruptcy under LLC?
James's answer
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Answered on June 29, 2016
A bankruptcy filing, if warranted, is not specific to an LLC as distinguished from another form of entity such as a corporation. You should consult...
Archived
Are gifts from foreign aliens taxable? Are they included as part of my income for the year when I will be doing my taxes?
James's answer
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Answered on June 29, 2016
Gifts are not taxable income to the recipient, but may be taxable as a gift to the donor if the donor is subject to US gift tax. A Tax Attorney...
Archived
When our current landlord is passing her business over to her son. Does it break the current lease until another is signed.
James's answer
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Answered on June 29, 2016
The initial inquiry is whether the lease provides for an assignment by the landlord. Absent such a provision, it's a question of Oklahoma...
Archived
Ny state hair stylist. I get paid biweekly big corporation. Can they split my paycheck into 3 periods so I get no overtime.
James's answer
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Answered on June 29, 2016
You can either contact the New York State Department Of Labor for an Employment Attorney to investigate these inappropriate wage payments.