How can I formalize a verbal 50 50 percent partnership in a business (S Corp) running for last 7 years and any possible taxes?
James's answer
|
Answered on June 13, 2016
It sounds like you have a corporation and not a partnership. In any case, the Corporation should issue shares to you so that you own 50% of shares,...
Does the name of a general partnership have to use the last names of the two partners to be considered the legal business name?
James's answer
|
Answered on June 13, 2016
Generally, you can name it whatever you like, subject to conflicts with existing companies for trademark purposes and provided that certain...
Archived
How do I get a judgement against someone who has not repaid a business loan and subsequently collect payment on that judgement?
James's answer
|
Answered on June 10, 2016
You're going to have to retain a Litigation Attorney because of the complications of trying to serve him when he's out of the country. I hope the...
Archived
If you get a refund on foreign taxes, how do you show it your US taxes?
James's answer
|
Answered on June 10, 2016
You should consult with your CPA or a Tax Attorney to assess whether you would be better off amending the prior year's return or including the...
Hi, my question is if do i need permission to use mario bross as my electrical company logo,
James's answer
|
Answered on June 10, 2016
Yes, you need to obtain a license to use trademarked materials in your business. You should consult with an experienced Trademarks Attorney.
Archived
Can Isue the former owner of an llc
James's answer
|
Answered on June 10, 2016
Generally speaking, the members or owners of an LLC are not personally liable for the obligations of the LLC. If you have a judgment against the...
Archived
W4-Part C
James's answer
|
Answered on June 10, 2016
Yes, you can enter "1." The W–4 only serves to withhold taxes at a rate that will avoid you are owing additional taxes when you file your 1040.
Archived
How can I get the power of attorney changed for my mother with dementia? The bank has it now.
James's answer
|
Answered on June 10, 2016
Your only option is to bring a court proceeding because your mother likely lacks the capacity to execute a new Power Of Attorney or Will. You...
Can you use a New Mexico LLC to hold Real Estate in California?
James's answer
|
Answered on June 10, 2016
Yes, a New Mexico LLC can purchase real property in California. However, it will need to qualify as a foreign LLC in California, so your purpose in...
Archived
Are there any restrictions associated with LLC statement of purpose for agricultural business?
James's answer
|
Answered on June 10, 2016
It is unclear whether you are referring to a series LLC or an LLC that elects to be taxed pursuant to Subchapter S of the Internal Revenue Code...