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Hi I have a s-corp in Illinois. I think I would like to domesticate the company to FL. Would the company still exist in Illinois
John's answer
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Answered on October 07, 2013
You seem to almost know what you are doing here. I recommend you simply qualify your IL corporation (s-corp is an IRS matter of no import to sate...
Archived
How can I update my Will that I established when I was in the military approximately 10 years ago?
John's answer
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Answered on October 07, 2013
If it is 10 years old simply hire an attorney prepare a new will which will cancel the old will. Alternatively, people can amend a will by...
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Should gay unmarried couples who wish to name each other as executor in their wills, etc as "partner" or "life partner?"
John's answer
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Answered on October 07, 2013
My colleagues all give good answers saying the same thing . The relationship (if any ) of an executor to a testator is irrelevant. Many people pick...
Am I allowed to transfer my property from the LLC back to my personal name under no obligation? Will I have to pay any taxes?
John's answer
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Answered on October 07, 2013
You will have to prepare a new deed conveying from your LLC to you personally as well as file NYS Form TP-584 to report such conveyance. However,...
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Can someone recommend a really GOOD, experienced, civil litigator with a lot of trust and estates experience in Nassau County?
John's answer
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Answered on October 07, 2013
Look for someone who has been working previously for the surrogates court.....like Ray Radigan fior example who is well known and respected in Long...
Archived
Which is the best way for me to register service mark my corporation name including my D/B/A.
John's answer
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Answered on October 07, 2013
Younare confusing trademark and service mark registration with dba's and aka's which the latter have nothing tondo with a protected mark by reason...
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I bought a scrapbook business 5 years ago, I found out they kept their business tax # and been buying wholesale still
John's answer
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Answered on October 07, 2013
If you bought the assets of their business instead of the stock of the company then the company has the right to the tax ID since the entity has...
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Can I have a mortgage discharged in bankruptcy and avoid foreclosure and income taxes?
John's answer
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Answered on October 07, 2013
The avoidance of COD income on the cancellation of indebtedness (if successful) is governed by IRC Sec. 108 and has several exceptions which, if...
Archived
In an acquisition, to qualify for section 386 a does it have to be an asset purchase agreement?
John's answer
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Answered on October 07, 2013
This is a very complicated area of the tax laws and it is under IRC Sec. 368 (not 386). The types of tax free reorgs encompass your transaction...
Archived
My seller has received an offer to purchase his apt bldg. from an LLC which is not registered with the state, does not exist.
John's answer
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Answered on October 06, 2013
Some observations:
1. Not unusual at all to have a plan of creating a new LLC to be the buyer for property as long as the deal is schedule for...
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