Archived
Can an employee without contract resign immediately effect without prior notice?
John's answer
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Answered on July 01, 2013
Unfortunately....is the benefit and detriment of having an "at-will" employment relationship. It is not professional of course and you can of...
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Archived
How many shares should I allocate?
John's answer
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Answered on July 01, 2013
I agree with all my colleagues/ Take note that your concept of $1/share or $.50 per share makes no sense without having a proper context as to the...
Archived
Can one equal shareholder in an s corp transfer her shares to the other shareholder so there is only one shareholder?
John's answer
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Answered on July 01, 2013
I agree with my colleagues....the transfer needs to be reflected as a property settlement of the marital estate so that the transfer is a tax-free...
Archived
I need to file Chapter 7 bankruptcy soon, but I didn't report income under the table on my tax return last year.
John's answer
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Answered on July 01, 2013
Yes you could get caught.... and failure to provide accurate information is fraud upon the BK court which, if discovered, will blow up your BK as...
Archived
Am I liable for a loan after receiving a 1099C
John's answer
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Answered on July 01, 2013
Please refer to the enclosed link which will give you some perspective on who and when a 1099-C has to be filed to report "potential" COD income....
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Archived
How to structure the corporation/llc to buy franchise
John's answer
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Answered on July 01, 2013
Either structure could work fine (assuming you meet the more rigid requirements to be an s-corp). I personally prefer LLC's because of the greater...
Archived
If we had a contract with an alarm co then they were bought Do we now have a contract with the new company?.
John's answer
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Answered on July 01, 2013
If the alarm company stock was sold (instead of it selling its assets) to the buyer then the entity which you contracted with is still around in...
Archived
I have a handle on 1041 Sch D gain/loss...what I don't understand is does the sale of deceased residence get reported as income?
John's answer
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Answered on July 01, 2013
Not likely at all -- unless you turned it into a rental property while held by the Estate prior to sale. See enclosed article which does a nice...
Archived
Does this mean my husband was given the family home in his fathers will?
John's answer
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Answered on July 01, 2013
I agree with my colleagues that there may not be enough info provided to properly answer your question. However, with that being said, it appears...
Archived
What is the best document to use if I want a percentage of someone else business.
John's answer
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Answered on July 01, 2013
I agree with my colleagues that you need to have an experienced real estate attorney in CA to assist you with the proper agreement. The enclosed...
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