Would filing bankruptcy for an LLC that has only been operating for 1 year be hard? Also will it effect personal credit?

Does the LLCowe PayPal or do you PERSONALLYowe PayPal.... Bankruptcy will be worthless if you signed personally as a joint debtor or guarantor of...

Splitting up LLC

You didn't use an attorney on the way in to draft a proper operating agreement to deal with such issue so you now will have to use an attorney to...

You don't say WHY you want to transfer your home to your brother so will assume you have a creditor claim issue that is making you seek a way to...

Being a American citizen how much can I invest outside US particularly in some business opportunities?

In addition to my colleagues excellent answers, I only wonder if you are confusing foreign bank account reporting rules to Treasury Dept. and...

Can I legally start a business and file for an EIN?

Have Dad form an LLC with you putting $99.99 and Dad putting in $0.01 to capitalize the entity and establish legal ownership % based on same dollar...

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Who is responsible for paying property taxes and mortgage payments on a property that is split into two trusts?

Attorney Givner provides a thoughtful and fulsome answer. Only comment I have is what if neither trust discusses the responsibility? In NY it would...

Yes.....if the funds go into a bank account in your name then you can be assured the IRS will take it.

Lady wants to sell me 40 acres, she has been paying taxes on the land for 40 yrs, never probated her parents estate. 5 sibling

Oh..oh....problem here. You will need to have the woman file a Petition for Administration to be legally appointed as the par who can effectuate a...

If custody changes after divorce, does the income tax exemption agreement change automatically

The problem is that custody changes do not amend the existing separation agreement to split exemptions 50/50 for tax purposes. That is a...

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My daughter and her son, who live with my husband & I, pays rent to us each month. To I have to declare this income to the IRS?

Not necessarily rental income. It is possible that you and your daughter could consider the flow of funds as a gift since daughter can give up to...