The answer to your question is yes. A corporate sub S tax return will automatically split the profit equally if you all own 1/3 of the shares. This...

Tax and alimony

Unless the Order specifies differently, you pay tax on the alimony, and your ex deducts the payment as an the adjustment to her income. There is...

I already have a registered LLC, creating a new unrelated company now, is there a benefit to creating a new LLC as well?

Attorney Doland is correct that a competent business attorney should be a member of your team. Also a well thought out business plan prepared with...

Do I need to pay tax to IRS when a receive a gift from a foreign citizen?

The transfer of this amount of requires some careful consideration and planning because such a large transfer will trigger all kinds of potential...

What type of agreement needs to be in place to protect partners in a startup from independently using partnership created works?

Identify and protect trade Secrets In TheT Partnership Agreement.

How do my colleague and I best codify a property research agreement with a real estate developer and investor?

Sounds like wishful thinking to me. Is is realistic for you to believe that a real estate developer and an investor will invest time, labor, money...

Do I need a federal AND state EIN for tax purposes?

You will need a state of CA EIN # if you intend to have employees in CA because it is required on your state payroll tax filings with EDD.

I need a lawyer who may help me and advise for formation of new company for arrange projects finance for our various projects

This projects raises serious securities questions. You should seek the services of an attorney who has knowledge and experience in securities,...

In CA Law, if children of decedent sell his primary residence and realize a gain on the sale does the $150,000 exclusion apply

No. Children do not get the benefit of the exclusion because this is only available to individuals who lived in the property.l The is another...

I need to setup an LLC or Inc. in CA however Im not a US resident. Im being told by my friends that I need to be a US resident?

Your "friends" have misinformed you. You can set up an LLC in California so long as it does not elect Subchapter S status. You will need an agent...