Should I change my LLC to an S Corp?

I agree with my colleague that you should consider separating the ownership of the land from the operation of the business. Although electing to...

As an 80% owner of a sub S corp. Must I provide monthly financial statements to a 20% investor? Or just the yearly K-1.

I agree with my colleagues. The answer depends on the entire facts and circumstances, such as the bylaws or any other agreement, oral or written,...

What is best way to terminate an LLC (private company with less than 35 members) when funding/revenue will not support operation

I agree with my colleagues. This needs to be handled properly or you may have problems come up down the road. With $2.3M in inventory, you should...

How long until the FTB stops sending me letters demanding payment for a closed LLC (1999) - LLC was never used and is suspended

They may hound you forever. I spoke with an FTB employee in the past week and they are really aggressively pursuing ever dollar they can.

I am concerned about your question as an LLC is not a corporation, but I assume you mean the company. I do not know IL law, but generally an LLC...

How do I enter the directors and shareholders into delaware llc registrar?

LLCs do not have directors or shareholders, so I am concerned about what you are trying to do. I strongly suggest that you spend the time and...

Is the person submitting the delaware llc act of formation to the registrar automatically deemed as the incorporator of the llc?

I do not believe it is automatic, and would depend on the content of the submission. I suggest you consult with local counsel as you will be...

Running an LLC with a partner. If he commits fraud, can I be held personally liable?

I agree with Mr. Doland's typically excellent advice. Make sure you cross all your t's and dot your i's. You might start considering an exit...

I came to this site looking for more than what I have received. How can I even start going after whomever stole my jewelry?

I can't even imagine why any one would deposit $50K of jewelry with a landlord as security. However, non-payment of rent entitled the landlord to...

I will inherit approximately 500,000 pounds in the UK in 2014 Question how will it effect my USA taxes

I agree with Mr. Doland. The concept of an inheritance tax is erroneous. The estate, not the beneficiary, pays any tax. There are exceptions...