Archived
I am starting an IT Consulting business, and planning to incorporate, to go for s-corp or LLC, can anyone suggest which is bette
John's answer
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Answered on August 21, 2013
Each one has certain advantages and disadvantages as compared to each other. Overall I prefer LLC's overwhelmingly for a variety of reasons and...
Archived
Do I need a tax attorney?
John's answer
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Answered on August 21, 2013
Yes...or a CPA could assist you as well.
Archived
A few years ago, house was transferred into the name of our daughter as trustee of our family trust. We now want to sell.
John's answer
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Answered on August 21, 2013
The trust is the seller but the trust agreement will dictate much of what is to occur in terms of decision to sell (daughter as trustee), is it an...
Archived
What is the lowest legally justifiable price to sell a home that is part of an estate that protects executor from liability
John's answer
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Answered on August 21, 2013
Aside from the obvious necessity to obtain an independent appraisal on as is basis and potential value if investment of $x.x is made, I would write...
Archived
I own a few FL rental condos, am I better off with an umbrella liability policy or moving the into an LLC?
John's answer
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Answered on August 21, 2013
I recommend both as you do not want to freely give up a property if something awful happened. Protecting assets horizontally is what an LLC...
Archived
I want to add a non-member manager to my NY LLC.. what form do i need? or can I just write a letter signed by all members?
John's answer
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Answered on August 21, 2013
Why would you want to give such level of authority over the entirety of your business if the person's function is that of a broker that you can...
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My sister and I own a corporation that is a two family house in Greenwich ct. We both have equal shares. Can I sell my shares?
John's answer
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Answered on August 21, 2013
Absent some form of shareholder agreement in place between you and sister that contains restrictions on ability to freely sell-- then yes you are...
Archived
Are 4 business companies in wholesale used car dealership business allowed to have subdivided 4 suites in one office in Delawer?
John's answer
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Answered on August 21, 2013
Not a legal problem. The 4 entities can enter into an Intercompany Expense Sharing Agreement which would discuss the relative share among the 4...
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Archived
What is the best legal entity (e.g. C Corp., LLC, etc.) to share profits with a foreign partner?
John's answer
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Answered on August 21, 2013
Depending on the country where your partner resides it may be better to be a c-Corp so that lower withholding rates can apply through a tax treaty...
Archived
51% Shareholder in NY S Corp with a Tied Board of Directors - Tiebreaker rights?
John's answer
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Answered on August 21, 2013
Difficult absent an opportunity to review the shareholder agreement to be sure that it is in fact silent on issue of deference to the board of...
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