If I formed my llc after Dec. 15, 2012 to avoid the franchise tax in california this year, would I have to pay it in Jan. 2013?

Yes Sent from my Verizon Wireless 4G LTE DROID

If i were to set up an llc today in california would I have to pay the franchise tax?

Yes. The $800.00 annual LLC franchise tax is due and payable by the 15th day of the 4th month after the beginning of the LLC’s taxable year (fiscal...

My partner in LLC based in California refuse to file taxes or pay them. He is not us resident or citizen but he is using US tax.

You clearly need to see an attorney because you have indicated that your "partner" is out of control - otherwise called breaching his fiduciary...

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What happens if you have a lawsuit against you and you don't have the money to pay an attorney

A judgment will be taken against you. and our personal asset can be seized from the resulting judgement. Good luck! Phillip M. Smith...

What is the advantage and disadvantage for a physician of being a sole proprietor vs S corp vs C corp in California?

My view is that an S Corp. is the favored entity in a incoporated professional group because it offers 1) the best tax advantages to the...

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If we have LLC partnership buying/selling real estate, bought 2 homes, are these homes part of our inventory if not sold?

Be careful! Your partnership will produce ordinary income if you continue with the "inventory strategy" that your are currently employing. If your...

What's the difference between an S Corp and a C Corp?

There are certain tax advantages to forming an S corp. which are not available to C corps, or LLC's that do not elect S status....

Is this corporate embezzlement?

I need more info. Are the "other two people" officer and/or directors of the corp.? Do the bylaws authorize these people to open bank...

Does an internet company doing business nationwide need to file an LLC in every state to have asset protection?

There are a number of ways to go about this. 1) Specify Nevada as the jursidiction for all suits in your contracts with your customers and vendors....

As a member of a two person LLC with less than 50%, do I have any options if the managing member runs the company poorly?

You need to have an attorney review your operating agreement and determine what rights you have under the agreement. This is your starting point....