I'm a 1/3 shareholder in a CA Inc. Can the other 2 members, a husb & wife, ask me to return my shares & resign from the board?

The simple answer is no. Please clearly understand that there are distinct legal differences between your rights as a 1) a shareholder, 2) a board...

Can president of board denies other board member the right for legal advice before sending ballot to the members to vote on?

Have you reviewed the Bylaws to determine what provisions govern this situatio, and what rights you have as a trustee? This is your first step in...

Partnership Agreement Vs Shares

I agree with attorney Dolan, in that there needs to be more facts to analyze your question. This may not be an inexpensive propostion because 1)...

I own internet domain names. Some are money making websites and some are parked. Is parked name revenue self-employment income?

A domain name is not an "investment," it is inventory. After all, unlike stock, domain names do not pay dividends. They are sold for a higher...

How to get accuracy related penalty abated?

You should have consulted an attorney or a CPA to request an abatement instead of requesting it yourself. The reason is that a professional...

Can a real estate title transfer clear if I have a personal tax lien but title goes to LLC?

Beware of engaging in tax evasion (a federal crime) when you are purchasing real estate and attempting to escape a federal tax lien. In addition,...

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But the State of California can levy on bank where the social security benefit funds are deposited if you direct deposit the funds. Good...

If I were to form an LLC, will I be able to write off equipment that was purchased before becoming incorporated?

The answer is "probably yes" as "start-up" expenses. Start-up expenses can either be expensed up to $5,000.00, or may be amortized over teh a 180...

The out of state corporation must register in California. There is not state issue regarding the EIN# because this is a federal number, not a state...

First of all your are required by California to inform to inform the FTB of any change to an an incividual income tax return resulting from an IRS...