Physician deciding between Sole Proprietor & S-Corp in California. I've read books & received conflicting answers from CPAs.
Richard's answer
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Answered on December 30, 2011
The conflicting answers are based on the views of how and how much to structure compensations. This is an issues that has been simmering for years...
Archived
My business Partner with the financial investment want out of the business. How do I respond to his unreasonable demands?
Richard's answer
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Answered on December 30, 2011
without actually reading the whole agreement a definitive answer is impossible but having drafted too partnership agreements to count, there is...
In Tax Court, are IRS internal records ALWAYS admitted as evidence?
Richard's answer
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Answered on December 30, 2011
Like any other record the IRS needs to establish the basic foundational requirements for admissibility. The IRS Manual--which is public and...
Archived
What kind of attorney do I need?
Richard's answer
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Answered on December 30, 2011
I have to admit I never even thought of this issue and the potential ramifications--goes to show you learn something new everyday.
Good luck
rwb
Archived
Do I need a venture capitalist lawyer or one with an expertise in online business?
Richard's answer
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Answered on December 30, 2011
If you have an idea that you one day hope to pitch to investors one of the most important things you can do is set-up your entity to be one that...
In Florida, a single member LLC can do taxes as a sole proprietor and so the owner can file tax together with his personal tax?
Richard's answer
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Answered on December 30, 2011
essentially, for federal tax purposes, a single member llc (SMLLC) that gas not made an election to be taxed as an sub-chapter "s" corp is deemed a...
Archived
Does the presumption of delivery apply here?
Richard's answer
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Answered on December 30, 2011
If you are in Tax Court there are still options but you need a Tax Controversy Litigator--In general the IRS does not like to take cases to any...
Purchasing new car for elderly mother, need to protect investment
Richard's answer
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Answered on December 29, 2011
Just a thought--I would compare the cost of setting-up the trust vs. keeping the title in your name and just having good insurance coverage +...
Archived
Can i take my dad to court for money that i loaned him?
Richard's answer
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Answered on December 29, 2011
Do you really want to do that?
A good rule of thumb is always consider money given to a family member a gift--that way in the (rare) event they...
Archived
Is my check from my 401K contributions considered income in regards to my CT unemployment?
Richard's answer
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Answered on December 29, 2011
It is state specific so contact the Ct Dept of Labor--e.g. in Colorado it will (under certain circumstances)
It also depends on the nature of...
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