Generally speaking, a corporation operates according to the same decision making process regardless of its size (an exception being for a statutory...

Mr. Szmak is correct, you can incorporate a business whenever you want. There are costs associated with doing so in the form of annual...

New Mexico LLC owns 1 rental property in GA, w/ a single member who lives in GA. Does this LLC need to register foreign in GA?

Your LLC should be registered with the Secretary of State and the Department of Revenue of Georgia because it is conducting business in Georgia. ...

There are a couple of issues here: 1. Unless you have elected to have the LLC taxes as a corporation, it will not be subject to income taxes at...

Assuming that the individual contributed the property to the LLC in exchange for LLC membership interests, then the individual will have sold the...

I want to change my corporate designation from Non Profit to For Profit. What are the implications of doing this ?

It depends upon the degree of development and maturity of your nonprofit corporation. If it is young and without significant assets, contracts,...

There are several options for this in addition to those previously suggested. Two more include a domestication of the entity from Illinois to...

Is "forming" and "registering" an LLC the same thing?

Probably they are not the same thing. "Forming" or "organizing" are typically the terms used to describe the set of filings that bring the LLC...

Tranfer of a property to LLC

Your question actually involves a number of other unstated questions: Is this a single member LLC or a multiple member LLC (and is it taxed as a...

Can my mother sell me her house for one dollar if I maintain it as my permanent residence?

Your question raises both tax and real property issues at the very least. I would think that a gift tax return in addition to all of the attendant...