4 individuals, all residents of CA. are buying a new Motorcycle located in CA. and want to limit our individual liability.

I agree with the prior attorney who answered this question. If you are doing business in California, you must register you business in California....

I need a business attorney

Do you have a partnership agreement? The first step is to review your agreement, If you do not have an agreement, see an attorney who can determine...

I purchased a property as equal partners with my brother, his name is on the loan, now he is trying to cheat me out of my half.

You have not presented enough facts when you state that you purchased the property as "equal partners." Do you have a partnership agreement or...

Tax Question

If you are married, you have two filing optioins = married filing joint, or married filing separate. Filing single is not an option.

You CPA is partially correct. You should close the bank account before you dissolve the corp. File you final return in 2013, not 2014 because you...

In California, am I required to use my Net Operating Loss (NOL) carryforward maximally to bring my taxable income to zero?

Your computation is incorrect. You need to see a tax accountant. The $800 minimum tax is in addition to the taxes that are due.

Can you please explain IRS revenue ruling 94-16 and the protections in place to prevent abuse of that revenue ruling?

This revenue ruling genrally provides that Indian tribes are not subject to federal income tax. If you have a dispute as to who is protected by...

The minimum franchise tax ($800) is due the first quarter of each accounting period, but is it waived if corp started 3/13?

You are required to file an extension request. You need to see a tax preparer or a CPA and have your corporation analyzed for compliance.

Opened a new C Corp this year 2013 The 1120 form should not apply and can the 100-ES be partial payment versus the $800 I am

There is no such rule as a "partial payment" because the franchise fee is for the privilege of doing business in the State of California. The...

A friend and I are starting a retail clothing store in Brooklyn or New York City. Pros & Cons of LLC versus S-Corp?

I would favor a C corp because this entity would best allow you to secure inventory financing. An S corp. is a pass through entity which does not...