I am in a partnership with my spouse. i want out of the buisness not the marriage?? will all the debt still be in my name too?

I agree with the prior attorney. If you have signed any notes or leases or any other contracts personally or guaranteed them, no creditor is going...

My Music teaching Business is starting a non-profit. Where do I start Legally? Also, how do we start a scholarship program?

This is a complicted and technical area of the law. First you need to form a tax-exempt organization under the laws of the state of operations. ...

Do I have any recourse

There is no contract here. Most states provide that there must be an agreement of sale of both parties to have a valid sale of real...

How do I get a business partner in an S-Corp (Maryland) to disclose financial & operational matters and plans for paying busines

The most important point to tell you is that you may have personal liability for withholding tax and sales tax liabilities. Certain "responsible...

Owning shares in a corporation does not mean the shareholder must be an employee. If the board of directors decides to terminate his employment,...

Unpaid property taxes due discovered 3 years after estate closed...

The prior attorney offers sound advice. The only thing to add is that if this debt is substantial you may need to open up the estate to file an...

Who is responsbile for Tax payments in a two person LLC.

As far as the tax payments, a two person LLC generally files a Form 1065 partnership return that reflects its income. The bottom line income of...

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Family not in agreement with setting up three trusts instead of one.

A lot has to do with what the trust document states. If it allows for the division into subtrusts at the discretion of the trustee then you are...

It is my understanding that once that money reaches your bank account, most tax liens can be asserted against such accounts. Having said that you...

I have CA S-Corp tax filing company 50-50 with another person.

You really need to meet with corporate counsel to go over all the documents and the facts in detail. A couple of general points to think about....