When is the appropriate time to start paying yourself from an llc?
Whether you take out the money from the company or not makes NO difference in tha tax impact to you personally. Hire a CPA who will explain the tax...
White Plains, NY
Business Lawyer at White Plains, NY
Practice Areas: Business, Estate Planning ... +2 more
Whether you take out the money from the company or not makes NO difference in tha tax impact to you personally. Hire a CPA who will explain the tax...
LLC is way to go and banks are very familiar with this structure......they will simply as you ot provide a personal guarantee which protects their...
How is the old business related to your new business?
If ALL you care about is saving about $500 in the formation aspect then form a corporation and then make an s-Corp election. I will tell you,...
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Unles the 50% partner agree to re-convey their half interest back to you then you have problems that you cannot do on your own....the deed was...
For what it is worth the IRS will pay you interest on the balance due that is not refunded timely.
You have tax issues that you do not even see here. You need a proper loan agreement at has a security agreement pledging the membership interest as...
This is not a tax issue as you are free to amend as you see fit. However, your representation to the bank as to your income and the basis for...
Not enough information to tell you if feasible.....however everyone wants to run a "business" as you coined it yourself and then turn it into a non...
This is a reposted question asking same exact thing....I answer it as did others.....you are doing business in NY.