Old business owners owing taxes

The IRS can pursue "transferees" and that is the reason you should have checked this out before the purchase.Only responsible persons can be held...

Generally yes unless there are registered rights. some well know names are actually "public domain" and can be used readily. please contact IP...

This is a business tort question. Sales rep took a working client and took a check from them under his own name. Tort?

This should amount to theft which should be recoverable. please seek competent counsel to assist you.

My son has an S Corp and wants to change it back to a sole proprietorship. Business is down and he is the only employee.

I don't see the big saving if he has already created a sub-s entity. you need to speak to a CPA to determine what if any savings will be realized...

Are inheritance taxes based on the estate's gross value or net value?

It is unlikely you would have to pay a tax unless substantial amounts are involved. because some assets may be exempt I would say "net" would be...

Business

you can create a promissory note between you and your LLC which should allow you to move money between the two accounts without violating the...

My mother recently died. I am listed as joint owner of her checking account. Can I use her debit card - waiting for death cert..

Joint owners have immediate rights to control the account. whether you may use the card of your mother would be based upon the account regulations...

I gave a loan to someone I did not know was a corporation. He says his corporation is liable and not him. Is he right?

There will need to be more review of all facts and circumstances to determine whether you would prevail in this matter. The key is what...

You need to create an entity for your busiess and I would suggest a single member LLC to minimize costs and to receive the limited liability shield

Real Estate / Business attorney

It will depend on the contract you signed and whether your damages were foreseeable. you should always have counsel when you are purchasing a...