Setting up new business as sole proprietership and what to do about taxes to get started

A quick correction. I misspoke with regard to the 15% dividend rate. The tax savings on a Subchapter S corporation are limited to savings in self...

Incorporating My Business

A quick modification to my original post. I mistakenly advised that there are income tax savings with an S corporation. The only savings are...

Return of an engagement ring

The historic rule was that the innocent party kept the ring. The modern trend, however, is that an engagement ring is a conditional...

Sole proprietorship: International sales

My first question is whether you are best served by a C Corp or an S Corp. With an S Corp you can shelter a significant amount of income from the...

Forming an LLC

I practice in Maryland (and live in Chevy Chase) and would be happy to be helpful. First, I think you are wise to form either an LLC or an S...

Converting LLC to S-Corp

I agree that the threshold question is why change. An S corporation has slightly more paperwork and the advantage is a modest savings in self...

Labor law corporation

Contact the California State Department of Labor (it may have a slightly different name). California, like all states, has a wage payment law that...

Joint ownership

Assuming that you cannot work this out amicably, you file suit in a partition action. The court then will force the sale of the property and...

Non compete clauses

Non competition clauses must (1) be supported by some consideration, i.e., payment over and above simple continuation of your job and (2)...

The federal Fair Labor Standards Act controls. I am unaware of any exception for drivers that would apply here. Go to...