When you own an S Corporation, are you required to file an 1120S form?

So, exactly how do you intend to "tell the IRS you didn't make any money"" Yes, you have to report all income and expenses and deductions and...

Going out of Business

You should not be liable if (1) The LLC was properly formed under your state's laws, (2) The LLC was properly maintained with state and...

Is an employee who has been assigned a company credit card liable for the debt after company goes out of business without paying

Although you only used the card for the business related travel, the employees "each signed agreement that they would be jointly and severally...

You should look for another lender. There is no commercial reason why you should sign as a personal guarantor under the circumstances you described.

I have requested a full and complete copy of my bankruptcy filing that my attorney filed with the court for my records.

In addition to the above comments, you should be able to go the Court Clerk's office and examine the records for no charge. Based on your town,...

I filed an Objection to Discharge and expect an Adversary Hearing to be scheduled. What all is expected of me at this hearing?

I assume you are referring to the "Rule Change" to Rule 4004. However that change does not apply to your case, and the above answers are correct...

A friend was arrested in New York for punching and breaking a guys nose who was attacking him in a friends apartment .

If the statute of limitation is truly expired before the bankruptcy was filed, then it should not be too difficult to get the claim bounced. The...

Rules re non-competitive agreements and being fired and gaining employment in same field in another state.

Under Michigan law, the employer and employee are entitled to enter into and enforce a non-compete agreement that "protects an employer's...

You should immediately hire a Missouri real estate attorney to review this case. First, a Quit Claim Deed is not the same as a Warranty Deed....

We received a motion to relief from automatic stay for our house (home creditor) We are behind but dont want to foreclose. Help!

You should note the following in addition to the points made above. First, if you are not on the deed, or you have not signed the mortgage or...