What happen then if a shareholder is not filing any K-1 tax return on the s corporation

As Mr. Bezu noted, employers may find it difficult to qualify for unemployment benefits, since they may have compensation as dividends, not taxable...

I am purchasing a condo with cash in the state of Illinois. I want my daughter to be the sole owner without tax consequences.

Suggest you get a lawyer to help you set up a personal residence trust, and give your daughter a share of same each year that is less in value than...

Do i need american driver license

New Illinois residents are required to apply for and obtain an Illinois license after 90 days residence. See...

What is the legitimacy of shareholder certificate of stock?

Companies create their own rules for whether share certificates require signatures from the President or Corporate Secretary or Treasurer, whether...

Paying a dissolved Illinois Corporation

You don't become a part of a corporation by paying it, but you would do well to tell your contractor to file the paperwork needed to get his or her...

Is a verbal contract enforeceable if the contract terms were never discussed?

(1) The person on the lease is responsible to the landlord for all the rent. (2) The agreement between tenants may not be enforceable if not in...

What legal options do we have? Harassment? Restraining order?

You could seek an injunction requiring them to cease and desist from such harassment. If they were served in the injunction proceeding, and so are...

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How soon does a name change take effect?

The name change should be effective as soon as the court order is entered, unless the court order specifies otherwise. Check with a Wisconsin...

My current boss and former business partner refuses, under penalty of firing, to release financial info when I was 40% sharehold

A suit for an accounting is a routine corporate law proceeding in most states. Your lawyer may also be able to get the company put under the care...

To further supplement the answer: The Illinois Consumer Fraud and Deceptive Business Practices Act, a cognate consumer protection statute, has been...