Regarding 501(c)(3) corps - Is a personal guaranty issued by board members legally enforceable (such as for a business loan).
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Answered on November 30, 2011
You need to provide additional information. 1) What are the specific terms of the "limited personal guarantees." 2) Did the board members have...
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If you work under the table and make less than $600 doing it, is it legal?
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Answered on November 30, 2011
It is never "legal" to work under the table. The $600.00 relates to the issuance of a 1099 to you. The individual paying you is required to issue...
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How can I get my California corporation compliant
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Answered on November 28, 2011
You can be held pesonally liable based on the fact that you have stated under an alter ego theory. Have you filed coporate tax returns for the...
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S-corp business partner wants out we can not afford a lawyer
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Answered on November 27, 2011
These matters are normally handled through a stock repurchase agreement. The corporation (not you) should repurchase the stock for a nominal fee....
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Benefits or disadvantages of creating an LLC in Nebraska against Indiana...
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Answered on November 26, 2011
I do not practice law in either state, but some basic legal principals apply. First, where is the LLC going to be doing business, and what kind of...
How do I add a new business to my existing s corporation
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Answered on November 26, 2011
You can have more than one business operating in a corporation. It is an accounting function of separating the two business for accounting...
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How do I add some new organization names/activities to my tax exempt status and not have to become a group
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Answered on November 26, 2011
You have not provided enough information. You need to indicate what the "smaller oganizations will be doing to raise funds. There is a concept...
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If parents share joint custody and one quits work can the other parent claim the child on income tax?
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Answered on November 26, 2011
The IRS rules provide that if more than one parent claims the child and they don't file a joint return, the parent with whom teh child resided for...
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Can an attorney do anything in this case?
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Answered on November 25, 2011
No. If you were not entitled to the refund, you will have to pay it back. You may want to request an installment agreement if you do not have...
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Need to file an EIN for a new LLC. I am behind on my taxes and did not file in 2010. Am I exposing myself by EIN application?
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Answered on November 25, 2011
Probably not. You have not provided enough information to indicate how far you are behind in your taxes, or is it just for 2010? If your tax...
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